Sprint is working with Qualcomm and SoftBank to develop 5G technologies, including the 3GPP New Radio (NR) standard, for Sprint’s 2.5 GHz spectrum (Band 41). Sprint has a Hugh footprint of 2.5 GHz around the country, however, Band 41 is not among those being targeted for 5G. The FCC and ITU are looking mostly at […]
SoftBank has finalized its purchase of ARM Holdings. SoftBank runs one of Japan’s largest wireless networks and is the majority parent company of Sprint in the U.S., while ARM designs and licenses the Cortex-branded mobile processors often found in today’s smartphones and tablets. SoftBank believes it can help ARM license its technology in new markets […]
SoftBank today announced plans to buy ARM Holdings for $32 billion. SoftBank runs one of Japan’s largest wireless networks and is the parent company of Sprint in the U.S., while ARM designs and licenses the Cortex-branded mobile processors often found in today’s smartphones and tablets. SoftBank’s board of directors has fully approved the acquisition, which […]
Comcast is in discussions to buy DreamWorks for more than $3 billion, The Wall Street Journal reports, a purchase that could see the animation company joining a stable of Comcast-owned studios that includes Universal Pictures. The WSJ says that the acquisition would allow Comcast to put the pressure on Disney by more effectively copying that company’s […]
SoftBank today revealed a plan to separate itself into two separate companies, one for its Japan-based carrier business and another for its international operations, including Sprint. SoftBank’s domestic business unit, which includes investments in Yahoo Japan, will be run by Ken Miyauchi. SoftBank’s international unit, which includes Sprint and Alibaba, will be run by former […]
Sprint today sold part of its device financing business to a newly formed entity called Mobile Leasing Solutions for $1.2 billion. The new company is being backed by a group of equity investors, including Sprint’s parent company, SoftBank. Mobile Leasing Solutions was conceived with the help of Brightstar, Sprint CEO Marcelo Claure’s former company, which […]
Masayoshi Son, CEO of SoftBank, said the company plans to eliminate thousands of jobs at Sprint in order to reduce costs and aid in the company’s turn-around plans. Son made the comments while discussing SoftBank’s financial performance, which was impacted negatively by Sprint. SoftBank owns a majority stake in Sprint. The job cuts have been […]
SoftBank has purchased yet more shares of Sprint stock, boosting its stake in the company to just over 80%. SoftBank shelled out $73 million for about 16.8 million shares. Earlier this month, SoftBank made an $87 million investment in Sprint. The moves have helped Sprint’s stock price rally, increasing the company’s value by about $6 […]
SoftBank has been snapping up shares of Sprint, increasing its stake recently by as much as $87 million. Despite SoftBank CEO Masayoshi Son’s misgivings about the overall acquisition of Sprint, SoftBank said it “is enthusiastic about Sprint’s prospects. The SoftBank Group and Sprint teams have been working closely together on Sprint’s network strategy to enhance […]
SoftBank’s plans for Sprint have not unfolded as CEO Masayoshi Son hoped. Son initially believed a merger with competitor T-Mobile would serve the carrier, but was dismayed when U.S. antitrust regulators shot the idea down. “I was thinking to myself: ‘I made one of the biggest mistakes in my life,’ which was the misjudgment of […]
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