BlackBerry to Sell Majority of Canadian Real Estate
BlackBerry today said that it plans sell off nearly all of its real estate holdings in Canada. The company will, with its partner CBRE Limited, accomplish the divestiture through a combination of sale-leasebacks and vacant asset sales. According to BlackBerry, the sale covers more than three million square feet of office space. BlackBerry did not say how much money it hopes to make or save from the real estate sale. The move is meant to help BlackBerry shore up its balance sheet. Nokia took similar measures in 2013.
Kyocera Hydro Shore Washes Up On GoPhone
Jul 15, 2016
AT&T's prepaid brand, GoPhone, plans to sell the Kyocera Hydro Shore through Walmart stores beginning July 16. The Hydro Shore is water and dust proof, and the 5-inch qHD display supports wet finger tracking.
T-Mobile Talks Up Coverage Improvements, iPhone Deals
Sep 10, 2015
T-Mobile said it has doubled the number of square miles covered by its LTE network over the last year, according to a blog post written by CEO John Legere. T-Mobile is on track to blanket another 600,000 square miles of area with LTE by the end of the year.
Best Buy to Shutter 250 Mobile-Focused Stores
Mar 1, 2018
Best Buy will close 250 of its small store stores, which are mostly located in malls and focus on selling mobile devices. "The mobile phone business has matured, margins have compressed and the cost of operations in our mobile standalone stores is higher than in our big box stores," said Best Buy in a memo seen by Reuters.
Sony Buys Image Sensor Corp, to Sell Publishing Unit
Oct 8, 2015
Sony is making more moves to reorganize its varied businesses, including the purchase of an image sensor company and the potential sale of its music-publishing business. First, the company has acquired Softkinetic Systems, based in Belgium, for an undisclosed sum.
Yahoo Looking to Sell Up to $3B In Non-Core Assets
Mar 4, 2016
Yahoo hopes to sell between $1 billion and $3 billion of patents, property, and other assets, according to CFO Ken Goldman. The company is already exploring its strategic alternatives and believes a quick asset sale can shore up its finances.