Wednesday, October 18, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Intel Advances Artificial Intelligence With Nervana Neural Network Processor
Razer Launches Quad-core Blade Stealth Laptop and Core V2 External Graphics Enclosure
Google Designed New Pixel Visual Core Chip Internally
The ZTE Axon M is the First Foldable Smartphone
New Microsoft Surface Book 2 Packs Real Power, Windows 10 Creators Update Release
NXP S32 Automotive Processing Platform Brings Future Vehicles to Market Faster
Google's Advanced Protection Program Adds Security Layers to Gmail
Qualcomm Debuts Snapdragon 636 Mobile Platform, X50 5G Modem For Mobiles
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 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
SoftBank Agrees on T-Mobile - Sprint Merger: report
Sprint Is Offering a Free iPhone 8 With Trade-In
T-Mobile to Offer Free Netflix Plan
Sprint Starts Partnership Talks With US Cable TV Providers Charter Communications and Comcast
Sprint, T-Mobile Said to Begin Merger Talks
T-Mobile to Roll Out 5G in U.S. in Two Years
FCC Announces Airwaves Auction Results, T-Mobile, Dish bid $14 billion
SoftBank To Offload Sprint: report
Sprint is Buying Stake in Tidal
T-Mobile Says Unlimited Plans Will Be The Only Option For New Customers
T-Mobile to Pay $48 Million Settlement Over Unlimited Data Plan Disclosures
T-Mobile Offers Free Pokemon Data

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .