softbank

Sprint inks $480 million deal for U.S. Cellular customers, spectrum

Sprint is starting to flex some muscle with regional carriers.

The company announced today that it has inked a deal with U.S. Cellular for $480 million. The deal: Sprint will acquire 20MHz of PCS spectrum in the 1900MHz band across Chicago, South Bend, Ind., and Champaign, Ill. Sprint will also get 10Mhz of spectrum in the St. Louis market, as well as 585,000 customers, or about 10 percent of U.S. Cellular's subscriber base.

"Acquiring this spectrum will significantly increase Sprint's network capacity and improve the customer experience in several important Midwest markets including Chicago … Read more

A tempest brewing over tablets

Microsoft and Apple are at it again -- this time over tablets.

Four months after the company unveiled its Surface tablet, Microsoft has finally announced a price and date for the RT version of the device. After an apparent accidental self-out, Microsoft began taking preorders for the Windows RT version of Surface with an actual release date set on October 26 this year. On the same date, Microsoft's brick-and-mortar stores also will begin selling the device; however, preorders are only available online. $499 nets you the 32GB version only, while $599 gets you the 32GB version with a Touch … Read more

Softbank chief: We're open to other deals in U.S.

Softbank CEO Masayoshi Son is ready and willing to entertain other buyout possibilities in the U.S., he has reportedly confirmed.

Speaking to The Wall Street Journal in an interview published yesterday, Son said that he isn't yet willing to rule out other acquisition deals, though he didn't specifically cite any company that might be in his crosshairs. Sprint CEO Dan Hesse, who was also present at the interview, told the Journal that at some point in the future, he could see his company merge with T-Mobile.

Softbank announced earlier this week that it would pay $20.1 billion … Read more

Sprint in talks to take control of Clearwire without an acquisition

Sprint Nextel may soon gain control of wireless broadband provider Clearwire without an acquisition, clearing up a stumbling block to Softbank's $20 billion acquisition of Sprint.

Sprint is Clearwire's largest customer and its largest shareholder with an 84 percent stake, but the No. 3 U.S. wireless carrier doesn't have control of Clearwire's board. To take control of the company, the No. 3 U.S. wireless carrier is negotiating agreements with other investors that will allow it to appoint a majority of directors to Clearwire's board without a making a formal acquisition, people familiar with … Read more

Softbank's 300 year vision for making Sprint customers happy

As you struggle through your life, you're just happy when your toilet flushes, your shoes don't wear out, and your phone works. You don't imagine for a moment that the companies behind these products aren't merely thinking commercially, but existentially.

You don't imagine that they're not just trying to sell you a product -- they're actually trying to lift your spirits. They're trying to make you forget loneliness, despair, and even death.

Please, I am not playing the fool. I am not even impersonating Dr. Sanjay Gupta. For a copy of a plan belonging to Softbank … Read more

What SoftBank's takeover of Sprint means for you (FAQ)

Japanese wireless provider SoftBank made a huge bet on the U.S. market after it agreed to take control of Sprint Nextel for $20.1 billion.

After days of speculation and reports, the two companies confirmed the deal this morning. SoftBank gets a large foothold in the U.S. market, which it believes still has the opportunity for growth. Sprint, meanwhile, gets a new lease on life and more support as it continues its turnaround.

But what does this mean for the average customer? Will the deal have any affect on Sprint's day-to-day service? CNET has put together this … Read more

Japan's Softbank poised to supercharge Sprint network

Softbank CEO Masayoshi Son isn't impressed with the high-speed wireless networks in the United States.

"Everytime I come to the U.S., I say 'Oh my God, the mobile phone network is so slow,'" Son said during a conference call with analysts today.

Now, Son is in a position to change things to his liking after Softbank and Sprint Nextel agreed on a deal in which Softbank would take a 70 percent stake in the U.S. carrier.

Sprint, which has struggled as a distant No. 3 carrier behind AT&T and Verizon Wireless, could get a boost from the deal, … Read more

Sprint savior? Japan's Softbank could bring badly needed boost

Softbank may be the shot in the arm that Sprint Nextel needs to finally be competitive with the big boys in the U.S.

Sprint and Softbank confirmed early Monday that they had agreed to a deal in which Softbank would spent $20.1 billion to take a 70 percent stake in the company. Softbank will pay shareholders $12.1 billion and invest $8 billion in the business.

But the deal underscores an increasingly evident reality for Sprint: that the growing pressures of the wireless industry are too much for the company to handle alone. It already must deal with … Read more

Softbank plans to take control of Sprint for $20.1 billion

With a cash investment of $20.1 billion, Softbank plans to take control over struggling U.S. carrier Sprint Nextel next year under an agreement announced today.

Under the all-cash deal, expected to close in mid-2013, the Japanese technology and investment firm will purchase 70 percent of Sprint's stock for $12.1 billion and will invest $8 billion into the company, Softbank announced (PDF) today.

Softbank is offering to buy Sprint shareholders' stock at $7.30, a 27 percent premium over the company's closing stock price Friday. Both companies' boards have approved the transaction.

Sprint had confirmed discussions with Softbank … Read more