Virgin Mobile USA Hit With Lawsuit
A law firm from Pennsylvania has sued Virgin Mobile on the grounds that it withheld financial information prior to its IPO in October. The class action lawsuit claims shareholders suffered enlarged losses after the IPO.
Virgin Mobile USA Relaunches As An iPhone-Only Carrier
Jun 21, 2017
Virgin Mobile USA, which is owned and operated by Sprint, transformed itself today into new provider much more closely aligned with the Virgin brand. Significantly, Virgin Mobile USA is now an iPhone-only carrier, meaning Apple's iPhones are the only phones Virgin will sell moving forward.
Apple Sues Qualcomm Over Royalties, Qualcomm Bites Back
Jan 21, 2017
Apple has filed a lawsuit against partner Qualcomm, alleging the mobile chipmaker used its monopoly power to push for "onerous, unreasonable and costly" licensing terms. Moreover, Apple says Qualcomm prevented it from seeking chips from other suppliers between 2011 and 2016.
AT&T Sidesteps Class-Action Suit Over Throttling
Mar 14, 2016
A federal judge sided with AT&T and said consumers suing the carrier over its throttling practices cannot work together as a group. Instead, customers must pursue individual arbitration with the carrier, per their signed user agreements.
Virgin Mobile to Phase Android Out Slowly
Jun 21, 2017
Virgin Mobile today announced plans to become an iPhone-only carrier, but the carrier's Android-based handsets won't vanish overnight. Virgin's reseller partners, including Best Buy, Target, and Walmart, will continue to carry and sell Virgin Mobile's lineup of Android handsets along with the prepaid carrier's Data Love service plans, according to Justin Scott, Virgin Mobile's Director of Communications.
SoftBank Looking to Raise $18B with Wireless Unit IPO
Jan 15, 2018
SoftBank Group, the parent company of Sprint, is weighing whether or not to offer shares in its own Japan-based wireless company. Under the direction of CEO Masayoshi Sun, SoftBank has transformed itself in recent years into an investor in technology companies.