This morning, AT&T VP Brad Burns released a statement regarding the upcoming Softbank purchase of Sprint, and it carefully treads the line between "passive aggressive displeasure" and "seriously FCC, if this goes through, we're buying like a million carriers":
Softbank's acquisition of Sprint and the control it gains over Clearwire will give one of Japan's largest wireless companies control of significantly more U.S. wireless spectrum than any other company. We expect that fact and others will be fully explored in the regulatory review process.
As Nexus season progresses, and as we approach Google's October 29th event, rumors and speculation are reaching a fever pitch. Tonight, we caught sight of a story over at Gizmo Fusion pointing out a suspicious Sprint landing page potentially teasing Samsung's mythical Galaxy Nexus 2 so many fans have been hoping for.
The page in question (which one of our readers, Freak4Dell, also noticed) is Sprint's landing page for the original Galaxy Nexus which, for at least two days now, has had an interesting title – "Samsung Galaxy Nexus 2 – 4g Android Smartphone from Sprint".
Every once in a while, we have one of those moments in our lives when we try something for the first time, and we think to ourselves "I'm going to remember this moment - the moment when I discovered this thing." Be it food, some sort of gadget, a television show, or a musical artist, it's the kind of thing that sticks with you, at least for a while.
And when it comes to smartphones, there haven't been too many devices that really gave me that feeling.
For the first time, Samsung's largest flagship line will be landing on Sprint with the Galaxy Note II. During the initial launch, though, you better know you want it as this device will come with a whopping $300 price tag with a new two year contract. This isn't unheard of for some major devices, but it still ranks as one of the most expensive handsets you can buy.
The Note II will be launching with Android 4.1.1, LTE, and the same Exynos processor as the international version.
We've just confirmed with Sprint that the Optimus G will be available on the Now Network on November 11th, for $199 on a 2-year agreement. Pre-orders begin on the 1st of November.
The Optimus G, as a quick refresher, is the first mass-market phone to contain a Qualcomm S4 Pro quad-core processor, which by all accounts is currently the most powerful mobile chipset on the market. I've been using the G for a few days now, and I have to say, it is fast.
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.
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.
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.
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.
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.