Another big tech news at the end of 2013, and this time its about a T-mobile rumor. On Friday, some reports came that Sprint is going for a bid for rival wireless carrier T-Mobile. But Sprint is citing this news as a most familiar matter among companies. So, don’t even think of it as real upto the year’s end. If …
Sprint Q2 Successful Results Still Brings Dissapointments
This quarter has not been so good for Sprint, Quarterly results for Sprint came in and despite an 8 percent gain in wireless revenue in Q2 YoY, company is still in a net loss of $1.6 billion 150 percent increase over last year’s loss. Culprit behind this is Nextel iDEN network whose shutdown has caused such losses for Sprint. Along …
Softbank Clinches $21.6 Billion Deal To Merge With Sprint
Late last year, Softbank, the Japanese Carrier was reported to be purchasing two-thirds of Sprint. Softbank has, now, officially completed a $21.6 billion deal to take over Sprint, giving it about 78 percent ownership of the new Sprint. In a statement to the media, Softbank Said, “We have purchased approximately 72 percent of Sprint shares for $7.65 per share in cash, while …