Sinead's Feed
Oct 11, 2012

Sprint in talks on potential sale to Softbank

TOKYO/NEW YORK (Reuters) – Japanese mobile carrier Softbank Corp may buy a majority stake in Sprint Nextel Corp to establish a foothold in the U.S. wireless market, in what could be the largest Japanese acquisition ever in America.

But Softbank’s ambitions may not stop with Sprint; Nikkei reported that the Japanese company was aiming to use Sprint as a vehicle to make a run at smaller Sprint peer MetroPCS, a two-step transaction that would potentially cost more than 2 trillion yen (15.92 billion pounds).

Oct 11, 2012

Softbank in talks for majority Sprint stake

TOKYO/NEW YORK (Reuters) – Softbank Corp (9984.T: Quote, Profile, Research, Stock Buzz), Japan’s third-largest mobile carrier, is in talks to buy a majority stake in U.S. operator Sprint Nextel Corp (S.N: Quote, Profile, Research, Stock Buzz) for more than 1 trillion yen ($12.8 billion), according to a source with direct knowledge of the matter.

Softbank said reports about the talks were “based on speculation” and it had no comment. Sprint declined to comment. The report drove Sprint shares up 16 percent in premarket trading Thursday.

Oct 11, 2012

Japan’s Softbank in talks for majority Sprint stake-source

TOKYO/NEW YORK, Oct 11 (Reuters) – Softbank Corp,
Japan’s third-largest mobile carrier, is in talks to buy a
majority stake in U.S. operator Sprint Nextel Corp for
more than 1 trillion yen ($12.8 billion), according to a source
with direct knowledge of the matter.

Softbank said reports about the talks were “based on
speculation” and it had no comment. Sprint declined to comment.
The report drove Sprint shares up 16 percent in premarket
trading Thursday.

Oct 10, 2012
Oct 7, 2012
Oct 3, 2012

Deutsche Telekom, MetroPCS to merge US mobile businesses

FRANKFURT/NEW YORK, Oct 3 (Reuters) – Deutsche Telekom
and MetroPCS said they will merge their U.S.
mobile operations to create a larger fourth-place player better
able to compete with rivals.

The boards of both companies voted on Wednesday to approve
the deal, which will see Deutsche Telekom hold 74 percent and
MetroPCS 26 percent in the combined entity.

Oct 2, 2012

Wiresurfer launches online telecom price comparison market

NEW YORK (Reuters) – Inspired by travel sites like Expedia, start-up Wiresurfer.com is promising to condense three days work into fifteen minutes for small companies shopping for telecommunications services.

The Coral Springs, Florida based company, is launching its website on Tuesday where small and medium sized businesses can compare prices for telephone and Internet services and see what promotions are on offer in their region.

Sep 29, 2012

Jay-Z goes back to his roots at Brooklyn stadium launch

NEW YORK (Reuters) – Rap superstar Jay-Z returned to his home borough for a sold-out concert on Friday night to open Brooklyn’s new basketball stadium.

The rapper who grew up just two miles away from the new Barclays Center arena – now the home court of the Brooklyn Nets basketball team – talked about how far he had come in a show sprinkled with emotional speeches.

Sep 29, 2012
Sep 29, 2012
    • About Sinead

      "Sinead is a telecommunications industry correspondent. Her coverage area spans U.S. service providers, cellphone makers and chip makers. Before joining Reuters in 2002, she covered technology and telecoms for various trade publications."
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