Sprint T-Mobile Merger News

Sprint is close to taking another huge step toward buying T-Mobile

By on June 20, 2014 at 6:19 PM.

Sprint is close to taking another huge step toward buying T-Mobile

It looks like Sprint is really gearing up to buy T-Mobile, whether regulators want to see it happen or not. Reuters‘ sources say that Sprint is very close to raising a $40 billion debt package from eight different banks that it will use to buy up T-Mobile, including “a bridge loan of roughly $20 billion from Japan’s Softbank Corp to Sprint.” Reuters expects that the package will be finalized within the next month, which will take Sprint another big step close to buying up the so-called “Uncarrier.” More →

No Comments
Sprint T-Mobile Acquisition

AT&T CEO says Sprint/T-Mobile merger isn’t happening

By on June 18, 2014 at 12:03 PM.

AT&T CEO says Sprint/T-Mobile merger isn’t happening

When AT&T tried to acquire T-Mobile back in 2011, Sprint CEO Dan Hesse said that there was no way AT&T should be allowed by regulators to acquire T-Mobile — only Sprint should be allowed to acquire T-Mobile. It took three years, but Sprint will soon see how regulators feel about its plans to merge with T-Mobile. Hesse was incredibly vocal in opposing AT&T’s attempted T-Mobile takeover. While it looks like AT&T CEO Randall Stephenson won’t fight the Sprint/T-Mobile deal quite as vigorously, he did have some thoughts to share on the matter. More →

No Comments
Sprint T-Mobile Acquisition

CNBC: If Sprint and T-Mobile merge, the new company will ditch the name ‘Sprint’

By on June 16, 2014 at 6:30 PM.

CNBC: If Sprint and T-Mobile merge, the new company will ditch the name ‘Sprint’

With Sprint continuing to shed subscribers and its brand losing more and more steam with each passing quarter, it looks like owner SoftBank will take advantage of T-Mobile’s momentum in the event that the companies’ much-rumored merger is approved by regulators. More →

No Comments
T-Mobile Sprint Vs. AT&T Verizon

T-Mobile and Sprint customers are getting a lot more data for their money

By on June 11, 2014 at 1:54 PM.

T-Mobile and Sprint customers are getting a lot more data for their money

In what should be surprising to no one, it seems that people use your services more when you don’t slap them with overage fees for going over monthly allotted limits. Quartz draws our attention to some new data released by Macquarie Capital showing that average monthly data use by T-Mobile and Sprint customers surged in the first quarter of 2014 and now customers of both carriers consume significantly more data per month than rivals Verizon and AT&T. More →

No Comments
Sprint T-Mobile Merger Legere

Legere will reportedly become Sprint’s CEO if it buys T-Mobile

By on June 6, 2014 at 7:15 PM.

Legere will reportedly become Sprint’s CEO if it buys T-Mobile

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 →

No Comments
Sprint T-Mobile Merger $50 Billion

WSJ: Sprint and T-Mobile have agreed to a $32 billion merger [updated]

By on June 4, 2014 at 7:06 PM.

WSJ: Sprint and T-Mobile have agreed to a $32 billion merger [updated]

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.

No Comments
Sprint Chairman Son Interview

Sprint’s chairman doesn’t know why we tolerate our awful American ISPs

By on May 29, 2014 at 11:15 PM.

Sprint’s chairman doesn’t know why we tolerate our awful American ISPs

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 →

No Comments
Sprint-T-Mobile Merger News

The Sprint-T-Mobile merger is one step closer to becoming a reality

By on May 29, 2014 at 12:44 PM.

The Sprint-T-Mobile merger is one step closer to becoming a reality

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 →

No Comments
T-Mobile Vs Sprint

T-Mobile has passed Sprint to become the nation’s No. 3 smartphone carrier

By on May 23, 2014 at 11:35 AM.

T-Mobile has passed Sprint to become the nation’s No. 3 smartphone carrier

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 →

No Comments
Sprint FCC fine

Sprint hit with largest ever fine over Do Not Call noncompliance

By on May 20, 2014 at 9:00 PM.

Sprint hit with largest ever fine over Do Not Call noncompliance

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 →

No Comments
HTC One M8 Harman Kardon Edition Review

Does the HTC One (M8) Harman Kardon edition really sound that much better than the original?

By on May 8, 2014 at 2:35 PM.

Does the HTC One (M8) Harman Kardon edition really sound that much better than the original?

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 →

No Comments
Sprint Throttling

The beginning of the end: Sprint starts throttling some unlimited data users

By on May 8, 2014 at 11:14 AM.

The beginning of the end: Sprint starts throttling some unlimited data users

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.

More →

No Comments
Sprint T-Mobile Merger Spin

Sprint attempts to rewrite the T-Mobile merger as a boon for consumers

By on May 7, 2014 at 5:55 PM.

Sprint attempts to rewrite the T-Mobile merger as a boon for consumers

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 →

No Comments