SoftBank May Court T-Mobile If Sprint Deal Collapses
SoftBank might use T-Mobile USA as its back-up option should its attempt to acquire a 70% equity stake in Sprint fall through, reports Reuters. Citing unnamed sources, Reuters said that SoftBank has held discussions over the matter with Deutsche Telekom, which owns 74% of T-Mobile. One possible scenario would have SoftBank purchase the 74% owned by Deutsche Telekom, says Reuters' source. SoftBank is paying $20.1 billion for 70% of Sprint, but T-Mobile's market capitalization stands at about $15 billion. SoftBank's deal has already been approved by the SEC, DOJ, FBI, and DHS. It is still undergoing review at the Federal Communications Commission and faces a Sprint shareholder vote on June 12.
Galaxy S8 to Cost $750, S8+ to Cost $850: Carriers Share Launch Details
Samsung's new Galaxy S8 and S8+ smartphones will cost $750 and $850, respectively. The phones share almost all features other than size and both ship with 64 GB of internal storage.
More Carriers and Phone Makers Agree to Adopt Google's RCS-Based 'Android Messages' Service
Google today said more wireless network operators and handset manufacturers will use Android Messages, its RCS-based messaging service, as the default SMS/MMS tool on their phones. (Android Messages was previously known as Google Messenger.) Some of the features of RCS, which is a global standard, include group chat, high-resolution photo sharing, advanced calling features, and read receipts.
SoftBank and Sprint Working with Sharp on Edgeless Phone
SoftBank, which owns Sprint, today said it has chosen Sharp to supply it with low-cost smartphones. The handset deal with Sharp includes Sprint, which will also sell phones made by Sharp.
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.
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