Sprint Woes Weigh on SoftBank CEO Masayoshi Son
SoftBank's plans for Sprint have not unfolded as CEO Masayoshi Son hoped. Son initially believed a merger with competitor T-Mobile would serve the carrier, but was dismayed when U.S. antitrust regulators shot the idea down. "I was thinking to myself: 'I made one of the biggest mistakes in my life,' which was the misjudgment of the U.S. regulatory environment," said Son. SoftBank closed its equity stake in Sprint just two years ago, and the company has already considered selling Sprint to Comcast in the U.S. or Altice in Europe, according to the Wall Street Journal. Son's plan to sell Sprint went nowhere. Son also considered writing off the acquisition as a total loss. Now, SoftBank is facing the costly prospect of improving Sprint's network to entice back customers it has lost to rivals over the years. Sprint plans to install tens of thousands of small cells to improve the density of its network around the country, but is burning cash at an alarming rate and may go broke by mid 2016 if it doesn't reduce expenditures. For legal reasons, SoftBank's hands are tied; it cannot invest too much more money in Sprint's turnaround. It is considering forming two stand-alone entities to help finance Sprint's network and handset-leasing expenses to keep debt off Sprint's balance sheet. Son replaced Sprint CEO Dan Hesse a year ago with Marcelo Claure, who has made some progress in retaining customers, but the carrier still has a long way to go. It recently fell behind T-Mobile, which now stands as the country's third-largest carrier, behind AT&T and Verizon. Masayoshi Son and Claure hope the network densification plan and more consumer-friendly service plans will help put the carrier on a more positive track.
Sprint, T-Mobile Agree to Halt Sharing Location with Some Apps
Following moves made earlier in the day by Verizon and AT&T, Sprint and T-Mobile have now said they also will cease sharing customer location data with certain third-party apps and services. Sprint said it is "beginning the process of terminating its current contracts with data aggregators to whom we provide location data." T-Mobile CEO John Legere tweeted, "I've personally evaluated this issue & have pledged that @tmobile will not sell customer location data to shady middlemen." The matter rose to attention after some third-party location brokers left the real-time data of millions of customers unprotected.
Verizon to Cease Sharing Phone Location with Other Companies
Verizon Communications today said it will stop making customer location data available to third-party apps and services. The decision follows last month's revelation that third-party companies didn't always properly protect this data.
LG G7 ThinQ Goes On Sale Today for $749
Sales of the LG G7 ThinQ phone kicked off in the U.S. today.
3GPP Approves Spec for Standalone 5G New Radio
The 3GPP today ratified another piece of the 5G specification, termed the Standalone 5G New Radio, or SA 5G NR. This spec is for 5G networks that are developed on their own, apart from legacy or pre-existing networks.
And people complain about Sprint now....
If that happens I foresee them running it into the ground as number four until they've devalued so much and lost so many customers the feds will let them sell the scraps to verizon.