Thursday, September 03, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Barnes & Noble and Samsung Unveil New Samsung Galaxy Tab S2 NOOK
Sony Is Entering The Pico Projector Market
Intel Media Server Studio 2016 Enables Faster Video Transcoding and Transition to HEVC and 4K
JBL Expands Aftermarket Subwoofer Line-up, Promises Big Concert Sound From New Portable Bluetooth Speaker
AMD To Showcase Broadcast Ecosystem Workflows at IBC 2015
Toshiba's New PCs Combine Functionality, Mobility and Performance
Philips Hue Lightstrip Plus Will Paint A Whole Room
Intel Invests US$50 Million to Advance Quantum Computing
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 Home > News > Mobiles > Sprint ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, May 01, 2014
Sprint Said to Plan T-Mobile Bid


Sprint reportedly plans to bid for T-Mobile US Inc. after meeting with banks last month, Bloomberg reports citing people with knowledge of the situation.

Sprint Chief Financial Officer Joe Euteneuer and Treasurer Greg Block met with six banks to ensure the lenders would be ready with financing structures when Sprint decides to pursue a takeover, said three of the people.

Masayoshi Son, chief executive officer of SoftBank Corp. , which owns about 80 percent of Sprint, is expected to make a formal bid in June or July, one of the people said.

However, U.S. regulators have expressed concerns about a combination of the third- and fourth-largest wireless carriers in the U.S.

SoftBank and Deutsche Telekom AG currently own a majority stake in T-Mobile US.

In the meantime, T-Mobile US said it added a record number of customers in the first quarter. The company said that 2.4 million subscribers signed up for iits "uncarrier" program in the first quarter -- more than its top three rivals combined, a first for the No. 4 mobile carrier in the United States.

Still, the mobile service provider lost $151 million in the quarter, compared with a profit of $107 million, a year earlier.

The company launched a series of promotions this year, including eliminating contracts and introducing a billing plan for equipment that allows customers to pay for devices in installments.




Previous
Next
Google Glass Has A $80 Build Cost        All News        Cisco To Invest $150 million To Start-ups
Michael Jackson Is Alive Through Sony's Music Unlimited Service     Mobiles News      AT&T Cosidering A DirecTV Acquisition, WSJ Says

Get RSS feed Easy Print E-Mail this Message

Related News
T-Mobile to Pay $17.5 Million to Resolve 911 Outage Investigation
Sprint Has A New, All-included Rate Plan For You
Sprint Loses $30m Patent Battle
T-Mobile 'JUMP! On Demand' Plan Lets You Chnage Your Phones three Times A Year
Dish To Merge With T-Mobile: report
T-Mobile And Blackberry Make Peace, BlackBerry Classic Now Available
T-Mobile Allows Verizon Clients To Test Its Network
T-Mobile Unleashes Simple Plans For Businesses, Consumers
RadioShack Reaches Asset Purchase Agreement with Sprint To Acquire Its Stores
Sprint To Take Over RadioShack Stores: report
T-Mobile to Pay $90 Million To Settle Case With FCC
T-Mobile Lets You Roll Forward Your Unused Data

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .