AT&T Could Owe Sprint Millions Thanks to Leap Contract
AT&T might have to pay Sprint millions of dollars if it is successful in acquiring Leap Wireless. Leap has an existing MVNO contract with Sprint in order to roam onto its CDMA and LTE networks. The agreement contains a clause specifying that any company that purchases Leap could terminate the MVNO agreement, but "would be required to pay to Sprint a specified percentage of the remaining aggregate minimum purchase commitment." The MVNO contract was forged in 2010 and was worth $300 million at the time. Based on the payment schedule, Leap has already paid Sprint about $175 million, leaving $125 million unpaid. Leap did not disclose the amount of the final minimum payment. AT&T proposed to buy Leap Wireless earlier this year for $1.2 billion. If the proposal meets regulatory approval, AT&T will eventually transition Leap's CDMA customers to its GSM/HSPA network and repurpose Leap's spectrum for its own LTE 4G network.
Hands On with the BlackBerry Leap
BlackBerry’s strategy under its new CEO John Chen has been to dramatically cut down the number of phones the company pumps out. So a new all-touch phone like the Z10 is a big deal.
Alcatel Announces the Idol 5S with Stereo Speakers
Alcatel today marked the debut of the Idol 5S, the latest in its flagship series. Like its predecessors, the 5S features an aluminum frame, curved glass front and rear surfaces, powerful stereo speakers, and a rear-mounted fingerprint reader.
Coral Blue Galaxy S8 and S8+ Go On Sale In US July 21
Samsung today said the Coral Blue variant of the Galaxy S8 and S8+ handsets will become available to U.S. buyers starting July 21.
BlackBerry Leap Is The New Z10
BlackBerry today announced the Leap, a new smartphone with standard slab touch screen form factor. It's much like the Z10 that launched BlackBerry 10, but with a larger 5-inch, 720p HD display.
AT&T helping the competition?
Cause 1): AT&T had to pay T-Mobile cash and give them Spectrum for the break up fee of their failed merger.
Cause 2): Now AT&T has to pay Sprint Millions if AT&T gets approval to buy Leap.
I know Sprint would have got this money eventually but now Sprint gets it all at once.
To me AT&T is secretly helping the smaller competition, although even if that was true they would never publicly admit it.
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