RadioShack Declares Bankruptcy, to Sell Stores to Sprint
RadioShack today filed for Chapter 11 bankruptcy protection and signed an agreement to sell approximately 1,750 of its stores to Sprint. Under the terms of RadioShack's Chapter 11 filing, RadioShack will sell the stores to Sprint and General Wireless, a subsidiary of one of RadioShack's major investors. Moving forward, these stores will be co-branded Sprint and RadioShack, with Sprint being the primary brand. Sprint will own about 30% of the real estate within each store to sell Sprint, Boost Mobile, and Virgin Mobile USA products. The remaining 70% will be set aside for RadioShack to sell its own branded gear and other electronics. Sprint did not say what will happen to the AT&T, GoPhone, Net10 Wireless, Verizon Wireless and Tracfone phones that are currently offered by RadioShack. Presumably they will be no longer be sold. Sprint currently has more than 1,100 company-owned retail stores, which would more than double if the transaction is approved. RadioShack listed about $1.2 billion in assets and $1.39 billion in debts. A bankruptcy court will have to approve RadioShack's plans before Sprint can make its purchase official.
Hands On with the Moto g7 Series
Moto's new g-series phones bring up-to-date features, upgraded specs, and clean Google software to three models ranging from $200 to $300. This year's series moves to a notched-screen design, steps up to a Qualcomm Snapdragon 632 processor, and supports USB-C across the board.
HTC 10 Re-Focuses On the Camera and BoomSound
Apr 12, 2016
HTC today announced the 10, its flagship handset for 2016. This Android phone carries forward an aluminum design, for which HTC has become known, and makes big improvements to the camera, software, and other core features.
Major Carriers Cut Off Location Aggregators After Abuse
Jan 16, 2019
Sprint this week became the last major US carrier to commit to ending its relationships with location aggregators, companies that resell phone location data, including real-time customer location. AT&T and T-Mobile last week pledged to cut off location aggregators in March, while Verizon has also told The Washington Post that it's working to end its location aggregator contracts.
CAT S48c Rugged Phone Coming to Verizon
Jan 10, 2019
The ultra-rugged CAT S48c will soon be available to Verizon business customers, the two brands announced this morning. The S48c has been available with Sprint since early November.