Sprint Looking to Acquire Clearwire
Sprint Nextel is seeking to purchase the remaining shares of Clearwire that it does not already own, reports the Wall Street Journal. Citing sources familiar with Sprint's plans, the Journal says Sprint believes the acquisition could help it resolve control issues regarding Clearwire, in which it holds a significant stake. Sprint also wants Clearwire's vast spectrum holdings to supplement its future network plans. Sprint's pending partial acquisition by Japan's Softbank may complicate its attempt to take ownership of Clearwire, however, and the talks may fall through. Earlier this year, AT&T warned the FCC that it should weigh carefully any transaction that gives Softbank control over so much U.S. spectrum.
AT&T Says It Won't Sell the LG G7 ThinQ, But It Has an LG Exclusive On Deck
AT&T does not plan to sell LG's new flagship phone, the G7 ThinQ, according to The Verge. Instead, the company plans to offer an exclusive phone from LG later this summer.
T-Mobile Hopes to Woo Sprint With a New Tune
T-Mobile has approached Sprint with a new proposal, reports the Wall Street Journal, in an attempt to keep the potential merger of the two companies alive. Talks failed earlier this week when Masayoshi Son, CEO of Sprint parent SoftBank, appeared to walk away from the deal over a disagreement concerning which company would own the other.
SoftBank Sinks More Money Into Sprint
SoftBank has been snapping up shares of Sprint, increasing its stake recently by as much as $87 million. Despite SoftBank CEO Masayoshi Son's misgivings about the overall acquisition of Sprint, SoftBank said it "is enthusiastic about Sprint's prospects.
SoftBank Invests Another $73 Million in Sprint
SoftBank has purchased yet more shares of Sprint stock, boosting its stake in the company to just over 80%. SoftBank shelled out $73 million for about 16.8 million shares.
SoftBank Looking to Raise $18B with Wireless Unit IPO
SoftBank Group, the parent company of Sprint, is weighing whether or not to offer shares in its own Japan-based wireless company. Under the direction of CEO Masayoshi Sun, SoftBank has transformed itself in recent years into an investor in technology companies.
Would this be an acquisition or a repossession?
Just one poorly executed business deal with Clear one after another. Dan Hesse and Bob Johnson should of washed their hands of this debacle back in Q4 2008 when Clear used Sprint's and Sprint's stakeholder's capital to fund Clear's retail business model to compete directly with Sprint in the CGN/BGN broadband market.
Clear has bled Sprint dry and had delivered nothing other than bad debt, a botched network vision upgrade that has grossly failed to meet any of it's hard stop deadlines and is well over budget.
Isn't this like?