SoftBank Pulls Rug Out from Under Sprint / T-Mobile Merger
Sprint and T-Mobile may not be merging after all. SoftBank, the majority owner of Sprint, plans to break off merger talks, according to Reuters. SoftBank and T-Mobile owner Deutsche Telekom haven't been able to agree on who will own the combined company. T-Mobile and Sprint are the country's third- and fourth-largest carriers, when measured by customers. The merged entity would have been better able to compete with market leaders AT&T and Verizon. SoftBank and Deutsche Telekom had widely been expected to announced merger details by the end of the month. Neither Sprint nor T-Mobile commented on Reuters' report.
Sprint Adds Free Hulu to Unlimited Plan
Sprint and Hulu today said they've partnered together so Sprint customers can enjoy access to Hulu's content for free. New and existing Sprint Unlimited Freedom subscribers can add Hulu at no extra charge.
T-Mobile, Sprint Reach Breakthrough On Potential Merger
T-Mobile and Sprint have made significant progress in ironing out merger terms, according to Reuters. T-Mobile and Sprint have made a "major breakthrough" on a merger between them.
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 to Trim Thousands of Jobs at Sprint
Masayoshi Son, CEO of SoftBank, said the company plans to eliminate thousands of jobs at Sprint in order to reduce costs and aid in the company's turn-around plans. Son made the comments while discussing SoftBank's financial performance, which was impacted negatively by Sprint.
Deutsche Telekom Shopping T-Mobile to Comcast
Deutsche Telekom is discussing with Comcast the possibility of the cable firm buying T-Mobile US. Deutsche Telekom is talking to several other companies, including Dish Networks, but Comcast is seen as the primary contender thanks to its stronger finances.
My guess is that each side is hoping the other will fail first, and the winner will rush in to scoop up the remains for a song.