In this episode of SmartWatch, sponsored by SanDisk, we take a look at T-Mobile's reported request for a $1 billion break-up fee from Sprint should a potential merger deal fall through. The once jilted fourth-largest carrier in the U.S. knows how lucrative being rejected by the FCC can be after it took home around $4 billion in cash and prizes on AT&T failed bid.
Democrat FCC Commissioner Jessica Rosenworcel reportedly expressed worry in a private meetings that the number three and four U.S. carriers might not be able to remain viable if they stay independent, according to report from the Wall Street Journal.
Isis today boasted it’s adding more than 20,000 new “wallets” daily and claimed it has doubled its growth rate over the last month. The NFC-supported mobile payment joint venture between AT&T, Verizon and T-Mobile said its platform is now supported across 68 different devices on the three carriers and that the Isis Wallet now comes preloaded on 14 different devices.
As Sprint is reportedly moving ahead with its bid for T-Mobile, Deutsche Telekom (DT) is reportedly requesting a more than $1 billion breakup fee should regulators block the merger. DT, which owns 67 percent of T-Mobile, is requesting the lucrative safety as well as seeking assurances that the T-Mobile brand and some of its management team would remain in place following the deal, according to the Wall Street Journal.
Dish Network Chairman Charlie Ergen said T-Mobile would have “strategic interest” to his company if Sprint’s rumored bid for the carrier falls through. Ergen said Dish doesn’t have the money to outbid Sprint for T-Mobile, or AT&T for DirecTV for that matter, but added that Dish has to be “well positioned so that no matter what happens” and that he thinks “we're there,” according to Seeking Alpha’s transcript.
In this week’s episode of SmartWatch, sponsored by SanDisk, we look at T-Mobile’s impressive first quarter, which managed to outshine even Tier One behemoths Verizon and AT&T. T-Mobile added a whopping 1.3 million branded postpaid customers. While adjusted EBITDA was down a little over 12 percent sequentially to $1.1 billion...
With Sprint stock up 18 percent on the week, CEO Dan Hesse says a stronger number three carrier is needed to compete in a price war with rivals like AT&T and Verizon. Hesse took to Bloomberg TV Wednesday with a familiar message, namely that the duopoly of AT&T and Verizon will only ever be countered by a larger carrier that has comparable scale and cash flow.
Quarterly earnings don't get much better for a wireless carrier than those reported by T-Mobile Thursday morning. The company added a whopping 1.3 million branded postpaid customers. Wall Street took notice, as shares of T-Mobile soared over 8 percent in early trading to just under $32 per share.
Masayoshi Son doesn't give up easily. That's the take from a Bloomberg report Thursday that claims Sprint is moving ahead with a bid to acquire T-Mobile. According to the report, Sprint CFO Joe Euteneuer and Treasurer Greg Block have recently held meetings with six banks to ensure financing is ready for a T-Mobile bid. Sprint will likely put forth a bid in the June-July timeframe.
In mature wireless markets around the globe, the subsidy model has driven operators’ revenue growth by both attracting new subscribers and enticing them to upgrade their service plans. But today the subsidy model faces challenges. Some operators have experimented with an alternate...
MetroPCS is urging customers in Las Vegas and parts of New England to upgrade their handsets to T-Mobile HSPA+/LTE models by June 30 as the legacy network in those markets is shuttering June 30. A page on MetroPCS’s website, spotted by Phonescoop, highlights Las Vegas as well as Boston and Hartford, Conn as the first markets to see the changes.
The FCC today gave its blessing to T-Mobile's acquistion of a swatch of 700 MHz A Block spectrum from Verizon. In an emailed statement, T-Mobile Vice President of Federal Regulatory Affairs Kathleen Ham thanked the FCC for approving the deal.
FCC Chairman Tom Wheeler has reportedly proposed limitations for AT&T and Verizon Wireless, who together hold the majority of available low-band spectrum licenses. But the FCC based its rules on “current market structure” and would reconsider if a Sprint-T-Mobile tie-up proceeded, according to a Reuters report.
“Without additional clarity about the impact of government operations in the band, wireless carriers’ bidding strategies will have to be made in a vacuum, potentially depressing auction participation and revenues,” Steve Sharkey, a senior director of government affairs at T-Mobile, said in a statement.
The FCC is planning to set aside up to 30 MHz in each market for smaller carriers to bid on once bidding for those markets hits a set threshold. After the threshold it hit, carriers holding at least one-third of the low-band spectrum in that market wouldn’t be allowed to bid. AT&T and Verizon would experience the most impact from this rule though in some markets, smaller regional carriers like U.S. Cellular would be restricted.
T-Mobile today announced it is doing away with all talk, text and data overage charges for its customers and it’s challenging AT&T, Verizon, and Sprint to follow suit. The carrier claims that more than 20 million people in the U.S. were stuck with overage charges in 2013 and that the three biggest U.S. carriers raked in more than $1 billion combined off the practice.
Besides the carrier deals, it looks like Samsung is willing to toss in some extras for S5 buyers. Bloomberg reports the OEM is offering up to $600 in bonuses including PayPal vouchers—to use with the S5’s fingerprint scanner—as well free apps and a LinkedIn premium account.
T-Mobile today announced it’s only going to charge the Wi-Fi tablet price to customers who add an LTE tablet to their plan. Wi-Fi-only tablets typically run $100 to $130 less and T-Mobile has vowed that will reflect in the zero-down monthly installment costs.
In this week’s episode of SmartWatch, sponsored by SanDisk, we take a look at the seismic shift happening in the wireless industry as carriers begin paying bounties and move away from device subsidies. We also get a quick look at the Samsung Galaxy S5, and touch base with Boston Red Sox DH, David Ortiz. All this and more in this week’s edition of SmartWatch!
“It’s wrong! And I personally want to drive those ridiculous schemes out of this industry. We will continue to be relentless and bring this forced march of change to the market every day so consumers can be creative with and enjoy the true benefits of wireless. I know we have it right and when we all are done reporting results from the first quarter – I think you’ll share my conviction,” Legere said in a statement.
U.S. Cellular is also allowing customers to purchase a new device for $0 down on Simple Connect plans as well as the company’s Shared Data plans, now named Shared Connect plans. The Shared Connect plans are similar to AT&T's Next, Verizon Jump and T-Mobile's Edge plans, where customers make monthly payments towards the cost of the device on their wireless bill.
Sprint is now offering up to $650 in Early Termination Fee (ETF) payoffs and device credits for subscribers who bring a number over to a Framily plan. The limited-time deal promises each line up to $300 for their current phone and a prepaid Visa worth up to $350 to take care of ETFs. The deal is good April 4 through May 8.
In this edition of SmartWatch, sponsored by SanDisk, we get special insights from outspoken T-Mobile CEO John Legere on a number of recent happenings. From Softbank CEO Masayoshi Son’s recent trip to CCA in San Antonio to rumors of a new iPhone, John Legere has something to say about all of it.
In an updated blog post on the matter, Legere said he's "been doing a lot of listening to our customers," and as a result everyone enrolled in the Advantage Program or who applied to enroll before April 1 will be able to keep a rate plan discount as long as they work at a participating employer and remain on a qualifying plan.
The regional carrier, headquartered in Mississippi, announced the ETF program as “back and better than ever.” Customers will need to pick a C Spire plan and device, port over their number, fill out the ETF form within 90 days and C Spire will kick back a $200 ETF credit within 60 days of getting the form.