Verizon and AT&T probably aren’t fans of Sprint’s plan to buy T-Mobile and now they have yet another reason to hate it: Apparently it will make T-Mobile CEO John Legere more powerful. Bloomberg’s sources say that Legere, the notoriously foul-mouthed CEO with a reputation for shameless publicity stunts, will stay on as CEO of a newly merged Sprint and T-Mobile if the two companies’ reported $32 billion merger proposal passes regulatory inspection. Jonathan Chaplin, an analyst at New Street Research, tells Bloomberg that giving Legere this additional power will make him “twice as crazy” because he’ll have “double the asset base to work with.” More →
Although Sprint and T-Mobile are facing some steep regulatory hurdles, the two companies are apparently going to try to go ahead with their merger anyway. The Wall Street Journal’s sources say that Sprint parent company SoftBank and T-Mobile parent company Deutsche Telekom have agreed to a deal that will see SoftBank acquire a majority stake in T-Mobile for $40 per share in a deal worth $50 billion. T-Mobile’s shares closed trading Wednesday at $34.28 each while its market cap stood at $27.46 billion, so it looks like DT will be getting a nice premium from SoftBank in the deal, especially since the Journal’s sources say it would retain a 15% to 20% stake in T-Mobile even after the deal is complete. SoftBank has argued that it needs T-Mobile to build Sprint into a truly competitive wireless carrier, although its arguments have been greeted with skepticism by regulators so far.
UPDATE: The original WSJ report said that the merger would be worth $50 billion, but it has since changed its report and is now saying it will be worth $32 billion.
Sprint chairman Masayoshi Son thinks that America’s Internet service is “terrible,” including the wireless data service provided by his own company. CNET reports that at Re/code’s conference this week, Son once again laid into America’s ISPs and wondered why we bothered putting up with them and their pricey, subpar services. More →
There hasn’t been all that much attention paid to the potential Sprint-T-Mobile merger recently, both because it’s been overshadowed by the Comcast-Time Warner Cable merger and because it sounds like there’s little chance of federal regulators actually signing off on it. However, Reuters brings us word that the Kyodo news agency in Japan is reporting that T-Mobile parent company Deutsche Telekom has agreed to the terms of a merger agreement proposed by Sprint parent company SoftBank. Terms of the proposed deal have not yet been revealed. More →
Some widely-covered research from Counterpoint analyst Neil Shah seemingly showed us that despite Android’s global dominance, Apple is still the top-selling smartphone vendor in the United States by a sizable margin, thanks to its popular iPhone lineup. An equally or possibly even more interesting point was lost in much of the reporting that covered the research, however: T-Mobile soared past Sprint in the first quarter this year to become the nation’s No. 3 carrier in terms of smartphone sales. More →
Sprint was hit with a $7.5 million fine by the Federal Communications Commission for not complying with the Do Not Call Registry by sending consumers unwanted phone calls and text messages, according to The Associate Press. Sprint’s fine is the largest Do Not Call-related fine the FCC has ever handed out. That being said, Sprint will probably be OK, with its $8.88 billion in revenue last quarter. More →
The HTC One (M8) is a great phone. In fact, we recently called it the best Android phone in the world. While the design is the most obvious plus for the M8, HTC’s new and improved front-facing BoomSound speakers mark another area where HTC’s flagship phone shames rival handsets. As good as BoomSound is on the M8, however, Sprint’s special Harman Kardon edition promises sound that is somehow even better. Does it deliver? Sprint sent us one a couple of weeks ago so we could find out for ourselves. More →
Remember when we told you to brace yourself because the death of unlimited wireless data in the United States is imminent? Well, the beginning of the end is finally upon us: Sprint, one of unlimited mobile data’s last and biggest and last defenders, will soon begin to throttle some wireless subscribers with unlimited data plans.
Sprint hasn’t had any luck moving forward with its proposed acquisition of T-Mobile so far, but CEO Dan Hesse is doing everything he can to spin the merger as a beneficial for the market as a whole. In an interview with Bloomberg TV, Hesse claimed that a bigger No. 3 provider would force the top 2 to remain competitive, rather than continuing to compete in an unsustainable price war. More →
With all the fantastic smartphones that have launched in recent months, finding a great phone is becoming easier than ever. Finding the right wireless provider and the right service plan, however, can be a much more daunting task. More →
While Verizon and AT&T have traditionally been the two biggest players in the U.S., Sprint and T-Mobile have almost always been stuck behind in third and fourth place, respectively. However, T-Mobile’s big “Uncarrier” surge over the last year is threatening to shake up the traditional order and make it, not Sprint, America’s No. 3 wireless carrier. More →
The “old” Galaxy S3 may not be the hottest Samsung Android handset in town anymore, but there still are millions of these devices in use around the world. One of the phone’s main “flaws” is the fact that it’s still stuck in a Jelly Bean universe, six months after Google released the Android 4.4 KitKat update. Luckily, Sprint’s Galaxy S3 version is finally going to receive its KitKat build, making the phone a lot more exciting for users and bringing hope that other versions will follow the same path soon. More →
Sprint has struggled to keep up recently as it’s faced major pressure from T-Mobile’s “Uncarrier” campaign and its own “Framily” campaign has been flat-out frightening at times. That said, Sprint may have finally come up with a way to lure some new subscribers on Tuesday as it announced that starting on May 9th, both new and existing customers who subscribe to its “Framily” plans will get a free six-month trial of music streaming service Spotify. More →