SoftBank, a Japanese telecommunications and Internet corporation, has confirmed via a press release and a live event in Tokyo the $20.1bn investment that would give SoftBank a 70% ownership of Sprint. The news hit the rumor mill 3 days ago and was pretty much confirmed by CNBC yesterday. The transaction is expected to close in mid-2013 pending regulatory approval.
Roughly $12.1bn will be paid to the shareholders at $7.30 a share and $8bn will be used to "strengthen Sprint's balance sheet," grow the network, and perform "strategic investments."
Sprint's shares closed at $5.73 last Friday for a +144.87% gain this year so far. Read More
Just what the title says here, folks: Softbank and Sprint have reached a deal that will transfer 70% of Sprint's shares to the Japanese telecom giant. The price? A cool $20 billion - a premium significantly above Sprint's $17 billion market cap, 70% of which would be just $12 billion. The deal will involve Sprint selling $8 billion of stock directly to Softbank, and another $12 billion that will be acquired through Sprint shareholders, at a price of $7.30 a share. Read More
As we reported yesterday, there are decidedly loud rumblings that Japanese telecom giant Softbank is in talks to acquire a rather large hunk of Sprint. Today, more information regarding the potential deal has been leaked to Reuters by a person close to the matter, and the numbers are staggering.
Softbank is looking to buy 70% of Sprint, and they're asking for $23 billion in financing from Japanese banks to do it. Read More
The rich, laminated oak on an antique writing desk. The captivating sheen on a mug of Bolivian coffee. The slight give as your hand caresses the supple exterior of an exquisitely-tanned saddle. If all these things put you in mind of a new smartphone, then you're a very strange person, and the prime consumer target for the latest flavor of Samsung's Galaxy S III. The "Amber Brown" version of the Galaxy S III is now available directly from Verizon, apparently ready to ship. Read More
Update: If you take a look at the Verizon support doc now, you'll notice Isis support is no longer on the list of new features. Interesting. We've kept an image of the original below for comparison.
If you head over to the Verizon support site right now, you'll find that the DROID Incredible 4G has its first over the air update on the way. You can also check out the software update PDF if you're looking to be slightly disappointed. Read More
Sprint would like you to know that, while LTE coverage has not yet been activated in these areas just yet, the Now Network has plans to rollout the shiny new towers to cities like San Francisco and Napa, CA, Naples and Cape Coral, FL, and several markets in midwest and southern states. The network is not live yet, of course. As with the carrier's previous announcement, this is simply to let people know what's coming. Read More
Now that Samsung has officially announced the Galaxy S III Mini, Phones4U has started to take pre-orders in the UK, with prices for the mid-range phone starting at £25 a month.
All of the tariffs on offer from Vodafone, Orange, and O2 offer the phone for free, although none of the plans include a data allowance over 1GB per month.
The cheapest option is available from Vodafone, giving you 300 minutes, unlimited texts, and a paltry 250MB of data per month for £25. Read More
We've heard rumors that Sprint is considering outbidding T-Mobile for MetroPCS's affection. Just in case that doesn't work, though, Sprint wants us to know that there is another plan in the works: being purchased by Softbank. Since most of you likely aren't up to date on Japanese telecoms, here's the deal: Softbank is a Japanese telecom. The third largest wireless carrier in the country, so a bit of a kindred spirit with Sprint. Read More
We've already seen the RAZR M land on the nation's largest carrier. Now, Verizon is adding the other two RAZRs we knew were coming. The DROID RAZR HD and the DROID RAZR MAXX HD, apart from single-handedly breathing new life into my caps lock key, will be arriving on October 18th. The former will run you $199 on a new two-year contract. If you're looking for some extra battery life from your kevlar-coated phone, the MAXX version will sport a hefty $299 price tag. Read More
When it comes to the newest generation of phones, "budget" is closer to "flagship" than ever before. Two months ago, I reviewed the free-on-contract Pantech Marauder and came away highly impressed. Ron, too, reviewed the $100 Motorola Razr M and said "This is what budget phones are like now? Where do I sign up?" The old budget formula of taking last-gen hardware and slapping it in a cheap chassis has given way to current-gen hardware in a better chassis - not to mention that the optimizations and polish of Android 4.0 make the experience better than ever on virtually any level of hardware. Read More