Home › News ›

Sprint Seeking More Cash

Dec 9, 2013, 9:13 AM by Eric M. Zeman

Sprint today announced that it plans to sell notes in a bid to raise more cash. According to Sprint, any proceeds derived from the sale of notes will be put toward network expansion and modernization efforts, its pension program, and other general corporate purposes. Sprint didn't say when it will sell the notes, nor how much it is looking to raise. SoftBank recently paid Sprint more than $20 billion for a large equity stake in the company. Sprint recently launched Sprint Spark, an effort to speed up its LTE network, and continues to deploy LTE around the country.

Related

Apple Announces iOS 15

Jun 7, 2021
Apple today announced iOS 15, the next version of its core software that powers iPhones. Version 15 is not a major overhaul, but does add a long list of new features.

Samsung Refreshes Galaxy S Series with S Pen, New Cameras

Feb 9, 2022
Samsung today announced its lineup of flagship phones for 2022: the Galaxy S22 series. The top-end S22 Ultra sees the biggest changes as it essentially absorbs Samsung's Note series with an integrated S Pen stylus and a more Note-like shape and design, instead of the Contour Cut design of the other models.

Qualcomm Expands Snapdragon 8 Series to Cover More Price Points

Mar 18, 2024
Qualcomm has revealed the Snapdragon 8s Gen 3 Mobile Platform, an expansion of the 8 series to a slightly more affordable price point. Traditionally, the 8 series (like the new 8 Gen 3) powered top-end "flagship" phones, and the 7 series chips powered "affordable flagship" phones one tier below that.

Qualcomm Driving to Make mmWave 5G More Affordable in 2022

Dec 1, 2021
Qualcomm will make a big push to bring high-speed mmWave 5G to more affordable phones in 2022, according to comments made by CEO Cristiano Amon during a Q&A session at the company's Snapdragon Summit event in Hawaii today. For a phone to support mmWave 5G, multiple specialty antenna modules need to be added, which can raise a phone's price by $50 – 100.

Samsung's New Upcycling Program Gives New Life to Old Phones

Apr 21, 2021
Samsung today launched a beta version of Galaxy Upcycling at Home, software that enables people to put old Galaxy phones to use as smart-home devices. Samsung's Upcycling program is an environmental one.

more news about:

Comments

This forum is closed.

This forum is closed.

Jayshmay

Dec 9, 2013, 12:09 PM

20 billion from Softbank. . .not enough?

$20bln is a real lot of money! Sprint oughta be able to accomplish a lot with that! Look at how fast T-Mobile deployed LTE with the $4bln it got from ATT!

AdHominems

isn't cheap ya know.

...

JJinNYC

Something is not right at Sprint. I'm glad I left this incompetent company. I hope T-Mobile comes from behind and bites them in the a$$.

...

Yama Gama

Holy Crap. Fiat currency is nuts.

marufio

Its the deal with Apple to sell the iPhone, its costing them big. This is what happens when you make a deal with the devil.

...

Jsamp

Yes 22 billion was invested in the merger with Sprint. However only 8 billion available for network expansion. For Softbank to get the 77% majority share they had to buyout the share holders. Sprint is currently in our area getting LTE up. I have it a...
(continues)

Jellz

Dec 9, 2013, 10:25 AM

Hey, I'm seeking more cash too!

Anyone wanna buy pieces of paper from me with personal, heartfelt notes on them?

Poison Ivy

Awww... I'll give you a dime for each one if they're really really good. "heartfelt" notes. 😁

AdHominems

Dec 9, 2013, 9:33 AM

"its pension program, and other general corporate purposes"

I'll check my paycheck next week to see if they gave me a pension

Page 1 of 1