Pantech Puts Itself Up for Sale
Pantech, based in Korea, has staked a For Sale sign in its front lawn. The company, which declared the equivalent of bankruptcy last month, is seeking a buyer to scoop up the entire business. Pantech has been facing trouble all year long. It twice sought delays in debt payments and entered into court receivership in August. The company believes it will fetch a higher price if sold as a single entity (approx. $366 million) rather than broken up and sold in pieces (approx. $181 million). Bids for the company are due in early October. Pantech found itself unable to compete with Samsung and LG, which are also based in Korea. It faced financial losses six quarters in a row, which led to its debt problems and eventual bankruptcy.
May 30, 2017
Essential Products, the startup being run by Andy Rubin, who helped create the Android operating system, announced its first smartphone today, the PH-1. The PH-1 is a high-end handset crafted from a titanium shell that Rubin claims is more robust than aluminum and more resistant to damage when dropped.
Jul 11, 2019
Sprint is launching its 5G network in Chicago this week. Utilizing the company's 2.6 GHz (band 41) spectrum, the network offers better coverage and building penetration than the mmWave 5G networks launched by other companies in Chicago to date.
May 30, 2019
Sprint's 5G network launches tomorrow in Atlanta, Dallas-Fort Worth, Houston, and Kansas City, as previously announced. In the coming weeks, Chicago, Los Angeles, New York City, Phoenix, and Washington, DC will also gain 5G service.
Jun 18, 2019
Verizon will launch its second phone with integrated 5G — the LG V50 ThinQ 5G — for all customers on June 20th. As with the Samsung Galaxy S10 5G, Verizon isn't restricting sales to areas where 5G service is available, as Sprint has done.
Jan 25, 2018
Americans traveling to South Korea to attend the 2018 Winter Olympic Games will be able to roam for free if they subscribe to T-Mobile or Verizon Wireless. T-Mobile says its customers can take advantage of free unlimited high-speed data, unlimited calls within South Korea and back to the U.S., as well as free texting while attending the games.
THEY SHOULD HAVE STAYED AUDIO VOX