Sprint and T-Mobile are raising $10 billion to jointly bid in the upcoming 600 MHz incentive auctions, according to the Wall Street Journal. This follows an earlier Bloomberg report saying Sprint and T-Mobile are planning a joint venture, to be run by T-Mobile, for bidding in the auction. The $10 billion for spectrum is reportedly part of the $45 billion SoftBank is rounding up from lenders.
Lenders are demanding higher fees for financing the deal to offset the review process that could last at least a year, according to Bloomberg. Part of the money Sprint and SoftBank are requesting from lenders is being earmarked for spectrum. The report said Sprint and T-Mobile will enter into a separate joint venture and bid on spectrum available in upcoming FCC auctions.
Both Sprint and T-Mobile are surging in the markets after Nikkei reported SoftBank has reached an agreement to buy a controlling T-Mobile stake from Deutsche Telekom (DT). Sprint was up nearly four percent and T-Mobile was up 1.5 percent as of 1:15 p.m. CT.
In a blog post today, AT&T Vice President of Regulatory Joan Marsh said T-Mobile’s revised roaming agreement rules proposal would violate the Telecommunications Act and “push the Commission’s regime over the line into impermissible common carrier regulation.”
As the title sponsor of Major League Baseball’s T-Mobile All-Star FanFest, the carrier is rolling out wideband LTE and Voice over LTE city-wide in Minneapolis. As the official wireless sponsor of Major League Baseball, T-Mobile has also enhanced the fan experience in and around the All-Star Game’s host stadium,
Both Verizon and AT&T saw pressure on customer numbers in the first quarter of the year quarter, which could have been at least partially due to T-Mobile's disruptive promotions. AT&T marked just 625,000 postpaid additions in the first quarter.
The Federal Trade Commission is suing Amazon over unauthorized in-app purchases made by children. The FTC is seeking refunds for consumers and is looking to permanently stop Amazon from billing account holders for purchases made without their consent. According to the complaint, Amazon keeps 30 percent of all revenue from in-app purchases.
Legere went on to deny that T-Mobile was participating in any kind of "cramming" practices. He acknowledged that all of the larger U.S. carriers engaged in billing for third-party premium texting services from a period between 2009 and 2013. However, he claimed that T-Mobile had made the decision to terminate those services in November of 2013.
“[The charges] fly in the face of their positioning and makes them look like hypocrites,” Recon Analyst founder Roger Entner said. “And it’s a huge opportunity for the other three carriers to throw egg in T-Mobile’s face.” Lynnette Luna, senior analyst at Current Analysis, said T-Mobile will likely pay a settlement in order to minimize the damage to their public image.
Today HERE, a provider of mapping and location intelligence, completed the acquisition of Medio Systems Inc., a Seattle-based company dealing in the emerging field of real-time predictive analytics. The terms of the transaction are confidential.
“We exited this business late last year, and announced an aggressive program to take care of customers and we are disappointed that the FTC has instead chosen to file this sensationalized legal action,” Legere wrote. “We are the first to take action for the consumer and I am calling for the entire industry to do the same.”
The Federal Trade Commission today filed a complaint against T-Mobile alleging the carrier made “hundreds of millions” from fraudulent “premium” text message services. T-Mobile is accused of “cramming,” a practice of placing third-party services on a consumers bill and collecting a portion of the charge.
This is T-Mobile's way into major metropolitan markets, where it will continue to take subscribers from the likes of AT&T and Verizon. Yes, Verizon has its XLTE product, and Sprint has its "Spark" offering, but neither of those are offering the kinds of speeds T-Mobile is putting up right now.
In his prepared remarks, CEO Randall Stephenson outlines AT&T’s plans to bring broadband access to customers in 48 states, with 80 percent of the locations outside of the company’s wireline footprint. Using “fixed wireless” that combines dedicated spectrum and professional installation, he said the combined companies will be able to offer 15-20 Mbps home broadband to customers as part of a package or as a standalone service.
Sprint today announced a new 30-day satisfaction guarantee, promising to refund device costs as well as waive service and activation fees for any new customers not happy with the carrier. Sprint previously offered to refund the cost of a device within the first 14 days but customers were still on the hook for prorated service and activation fees.
Eden Rock Communications, LLC, a supplier of Self Organizing Network (SON) technologies and solutions, today announced the selection of Eden Rock Communications as a supplier of SON solutions to T-Mobile US, Inc. for its nationwide network. Eden Rock's centralized SON solution, Eden-NET, provides cloud software intelligence for 2G, 3G, and 4G networks for multiple RAN vendors.
T-Mobile CEO John Legere today took to Twitter to apologize to any offended by his remarks he made during the carrier’s Uncarrier 5.0 event Wednesday. The usually brash Legere regularly picks on the other three major U.S. carriers—AT&T, in particular—but his choice of words last night may have gone too far. Legere said AT&T and Verizon are “raping” their customers.
“We’re a mobile Internet company competing against utilities, so it’s no wonder we’re faster than they are,” Legere said in a statement. “We’re out there doing it while the other guys are still scheduling a meeting to talk about doing it. And there’s one more thing you can bank on. We won’t stop.”
T-Mobile CEO John Legere said that exclusivity “sucks” for consumers and for the industry as a whole. He also jabbed AT&T for the Facebook Phone, another high-profile exclusive for the carrier and a flop with consumers and critics alike. The HTC phone quickly dropped in price all the way down to 99 cents on-contract.
CNBC is reporting that Sprint and T-Mobile have agreed to a $2 billion breakup fee should their potential merger not go through. The Wall Street Journal had previously reported the breakup fee attached to the merger would be $1 billion. The two companies have also reportedly agreed on T-Mobile as the name for the combined company, lending credibility to reports that T-Mobile CEO John Legere is in line to lead after the merger.
So-called stealth cellphone towers have been around for more than two decades and appear to be growing in popularity. They have been concealed in a wide variety of ways, including in a stop sign in New Orleans, a pine tree in Kinnelon, New Jersey, and a water tower in San Dimas, California.
If priorities were in the right place, though, it would be Amazon working around T-Mobile’s schedule. Amazon’s (probably) phone will show off some cool tricks but after the show, it’s still just another Android smartphone. Amazon is an interesting player with a strong ecosystem but it won’t become a major disruptor in the smartphone space on day one.
T-Mobile is shifting its planned Uncarrier 5.0 event from Los Angeles to Seattle in order to get closer to Amazon’s big device reveal. Now both events will take place June 18 in Seattle, the home turf for both companies. T-Mobile is framing the move as a response to media concerns or complaints.
Roger Entner, founder of Recon Analytics, said in a report that AT&T's efforts to improve the quality of its network resulted in record spending among the four U.S. carriers. Enter notes that in 2013, AT&T spent roughly $11.5 billion on network improvements, while Verizon Wireless spent another $9.75 billion improving its network.
9to5Mac said Apple Stores will begin stocking AT&T GoPhone SIMs and activations kits and T-Mobile SIMs, allowing customers to buy full-price iPhones and walk out of the store with a connected device. The report says Apple Stores will begin the prepaid offering during the last week of June.