SoftBank Invests Another $73 Million in Sprint
Aug 19, 2015, 9:10 AM by Eric M. Zeman
SoftBank has purchased yet more shares of Sprint stock, boosting its stake in the company to just over 80%. SoftBank shelled out $73 million for about 16.8 million shares. Earlier this month, SoftBank made an $87 million investment in Sprint. The moves have helped Sprint's stock price rally, increasing the company's value by about $6 billion. SoftBank believes Sprint's turnaround plan will work and CEO Masayoshi Son said he sees the light at the end of the tunnel. Sprint recently fell behind T-Mobile in terms of subscribers.
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Qualcomm has announced the Snapdragon 8 Gen 1, the company's flagship chipset to power 2022's top-end phones. The chip is the successor to the Snapdragon 888, but uses the new single-digit + generation naming scheme the company recently announced.
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HMD Global this week finally launched its Nokia G400 5G with T-Mobile. Way back in January, the company announced that the launch was planned for the second quarter of the year.
The Sprint Doom & Gloomers of 2006 Are Still Here