There are times when you have to wonder whether Sprint chairman Masayoshi Son doesn’t wish that he just bought T-Mobile and left Sprint to its own devices. Sprint on Monday announced that it’s once again going to follow one of T-Mobile’s latest “Uncarrier” initiatives by offering a 30-day trial to new customers who are interested in trying its service starting on June 27th. To be fair, this free trial is much longer than the 7-day trial that T-Mobile is offering, but given that Sprint made this announcement one week after T-Mobile first launched its own
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 →
In case you missed it, T-Mobile on Thursday announced a new program called Music Freedom that will let T-Mobile customers stream as much music as they like from select streaming services without any of it counting against their monthly data caps. This is obviously a great deal for T-Mobile customers but it does raise some troubling questions when it comes to net neutrality. More →
T-Mobile is now ready to offer potential customers one more reason to change mobile operators, as the carrier on Wednesday announced a new element of its Uncarrier operation. Starting on Monday, June 23, T-Mobile will let customers sign up for T-Mobile Test Drive on the company’s website in order to try out T-Mobile’s “data-strong network” for seven days free of charge on an iPhone 5s that’s also provided by the carrier. More →
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 →
If you don’t understand why Amazon is releasing its first smartphone as an exclusive device for AT&T, you aren’t alone. T-Mobile CEO John Legere took to Twitter on Tuesday to bash Amazon for its reported decision to go with AT&T as its exclusive carrier for the new smartphone it will unveil on Wednesday. More →
It used to be that if one mobile carrier raised activation fees, rival carriers wouldn’t publicly slam them in part because they wanted to reserve the right to raise fees of their own. However, T-Mobile CEO John Legere has taken a different tack, which involves trolling AT&T nonstop for just about everything it does. So when news broke Wednesday that AT&T would be raising up its smartphone activation fees for customers who buy phones on contract, Legere predictably pounced and use it as yet another club with which to beat Ma Bell. More →
That annoying sound you hear is T-Mobile CEO John Legere cackling madly. PCMag, which every year conducts a comprehensive study of wireless network speeds across the United States, has just published its latest study that shows T-Mobile has surged past AT&T and now offers the second-fastest 4G service in the United States behind Verizon. More →
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 →
Samsung’s has recently unveiled the Galaxy W, a 7-inch tablet that’s actually a phone, but the company may soon launch an even bigger smartphone. However, the South Korean giant appears ready to launch an even bigger smartphone later this year, a Galaxy Tab Pro 8.4 LTE version that will also pack phone capabilities. A video showing this 8.4-inch tablet version has already been posted on YouTube by TK Tech News, a publication which had similar access to unreleased Samsung devices recently. More →
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.