Wednesday, October 01, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Internet Explorer and the Windows 10 Preview
ARM Announces Device Platform and Free Operating System For Internet of Things Deployment
ZOTAC Injects Palm-Sized ZBOX nano XS with Double Dose of Performance
Corsair Releases The Flash Voyager Vega Flash Drive
Mozilla Unveils Firefox-powered Matchstick Streaming Adapter
New ARM Solutions Reduce Time to Market for FinFET Designs
LG 34-inch Curved Monitor Now Available
Comcast Offers Cloud TV In San Franscisco
Active Discussions
Yamaha CRW-F1UX
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
 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 Un-leashes Wi-Fi Worldwide With New Program
Verizon Sprint And T-Mobile Announce new iPhone Plans
Sprint Cuts Rates
Sprint Abandons T-Mobile bid, T-Mobile Rejects Iliad's Offer
French Carrier Iliad To Bid For T-Mobile
FTC Accuses T-Mobile For Bogus Charges
T-Mobile Offers Network Test Drive, Free Music Streaming
Sprint Closer to T-Mobile Acquisition
Spotify In Partnership With Sprint
T-Mobile Abolishes Consumer Overages
Blackberry Ends T-Mobile Licensing Agreement
Sprint Expands No-Contract Plan Offers with Sprint Prepaid

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .