Sunday, April 23, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Questions Remain About The Fate Of Toshiba's HDD and SSD Business
SK Hynix Develops First 8Gb GDDR6
Call of Duty Game Returns to WWII
Twitch to Sell Video Games
Apple May Invest in Boeing Satellite Broadband Project
Chrome's Rumored Ad-blocker May Not Be Exactly an Ad-blocker
GM To Launch Electric Cars in China by 2020
New HP Zbook Laptops Take On Apple's Mac Pro
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
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
T-Mobile Halts Free Pizza Offers Due To Overwhelming Demand
T-Mobile To Give Its Customers Company Shares, Launches T-Mobile Tuesdays Gift App
T-Mobile Earns More Customers
T-Mobile 'Binge On Up' Hands-free Device Offers You Everything
T-Mobile To Offer Youtube Streaming Without Data Limits
T-Mobile CEO Says Binge On is About Customer Choices - Not Limitations

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 .