Japanese phone company Softbank, owned by billionaire Masayoshi Son, says its net profit more than doubled in the October-December quarter from a year earlier, helped by strong sales of Apple's iPhone and iPads. Net profit rose to 65.9 billion yen ($724 million) in the last quarter of 2012 compared with 32.83 billion yen a year earlier...
Dish Network told the FCC that it would not file to block Softbanks' proposed $20 billion acquisition of Sprint. In January 16 filing, Dish had asked that the shot clock in the Sprint, Softbank proceeding be paused until Sprint's bid for Clearwire...
AT&T may be looking to acquire an overseas carrier, according to a report from the Wall Street Journal today. The Journal cites "people familiar with the carrier's thinking" who said that AT&T is currently looking at a number of targets and a deal could come before the end of the year...
Dish Network has offered to buy up to all of Clearwire’s common stock at $3.30 in a proposed deal that would allow Dish to purchase some spectrum assets from Clearwire. Under the conditions of the preliminary offer, Dish would acquire approximately 11.4 billion MHz-POPs from Clearwire, or 24 percent of its total spectrum holdings, for $2.2 billion.
Crest Financial Limited, which owns an 8.3 percent share of Clearwire, has petitioned the FCC to block Sprint's proposed 100 percent acquisition of Clearwire, citing proper public notice was not issued in Sprint's 2012 deal with Eagle River Holdings to re-acquire a controlling stake in Clearwire.
Dish Network this week repeated a previous request for an extension to the time allotted for commenting on Sprint's proposed buy out of Clearwire. Sprint intends to purchase the remaining 50 percent share of Clearwire it doesn't already own for $2.2 billion.
Sprint's bid to own 100 percent of Clearwire has been accepted at $2.2 billion, which equals the $2.97 per share cap that Sprint majority stake holder Softbank placed on the deal. In a statement, Sprint said the deal takes the enterprise value of Clearwire to approximately $10 billion.
Sprint’s bid to buy the remaining portion of Clearwire is proving more complicated than originally thought, as Softbank, which plans to acquire a 70-percent stake in Sprint next year, draws a cap on Sprint’s bid for Clearwire, and investors say they want a lot more per share than that bid will allow.
Softbank's pending control of Sprint's purse strings could be bad news for Clearwire's ability to tap its largest shareholder for cash.
Japanese operator Softbank is shelling out $20.1 billion to acquire a controlling 70 percent stake in Sprint, a transaction that will give Sprint much-needed cash to compete with AT&T and Verizon Wireless.
Softbank's massive investment in Sprint has renewed analyst speculation about the transaction's implications for Clearwire.
Sprint has confirmed that it is holding buyout talks with Japanese operator Softbank after rumors of the negotiations surfaced this morning.
MetroPCS continued its upward swing, boosted by budget-conscious consumers flocking to its flat-rate, no-contract bargains.
MetroPCS reported first-quarter gross additions of more than 1.5 million subscribers, which represents an increase of 59 percent.
Leap Wireless International’s Cricket Communications isn’t the only no-contract carrier to offer a new touchscreen device.
Tom Keys is the COO of MetroPCS Communications, a no-contract, prepaid operator in the midst of rolling out new markets and competitively priced plans. In fact, MetroPCS and its counterparts in the prepaid space are garnering more attention these days as budget-conscious consumers examine their wireless options.
Flat-rate provider MetroPCS Communications launched its first BlackBerry Curve 8330 smartphone from RIM with two new rate plans.
Leap Wireless fourth-quarter loss widened as the company's spending on new markets and declining ARPU outpaced revenue
MetroPCS shares rose over 10 percent in early trading after it swung to a fourth-quarter profit and reaffirmed its earnings guidance.
Today's FirstNews - Single Page Format
Exalt Communications announced it has raised $15 million in Series C funding.
Companies in today’s news: Ericsson, Bytemobile, TeliaSonera, Bsquare, Texas Instruments, Skyhook Wireless, mBlox, GetJar, Adobe.
Companies in the news: VeriSign, Qualcomm, DigitalGlobe, Nokia, Cellebrite, SingTel, Comverse, ABI Research, Shazam, Networks In Motion, Verizon Communications, Mobile Broadband Network Limited, 3 UK, T-Mobile UK, Ericsson.
MetroPCS announced myMetro, a mobile account management feature. The free service will be standard on all handsets.