SoftBank to Buy back Already Sold Shares

The Japanese telecom giant, SoftBank, has announced buyback of shares amounting to $4.4 billion, its biggest repurchase ever. This move is a desperate attempt by the company to regain its footing after its shares plunged to an all-time low following the company's overseas investment in US mobile operator, Sprint.

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Standard & Poor's Demoted Sprint's Credit Rating on Tuesday

S&P rating service on Tuesday downgraded Sprint credit to B, citing a challenging environment for the wireless industry. Morningstar and Moody have also demoted Spring credit rating.

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Sprint's Vice President of Product leaves after 25 years of Service

Sprint - the 4th biggest Telco in US - has been taking steps to cut its costs since it first revealed its costs cutting plan in November 2015 to as much as $2.5bil. The latest move saw Sprint's product head leaving after 25 years of service. The reason for his leaving whether it was related to costs cutting measure or something else is still unclear. Sprint praised Owen for his contribution that helped Sprint succeed and evolve into the wireless company it is today. Sprint extended gratitude for all that he has done and wished him best of luck and continued success in future endeavors. CEO Marcelo Claure has indicated more layoffs are in the offing in the coming months. CFO Tarek Robbiate made statement to effect that no one was safe where costs was concerned.

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Sprint's iPhone plan, better than other US carriers

In a wireless world full of competition, it leaves Sprint with no choice but to think of a smart strategy to outwit others. So far, Sprint has the best deal compared with other carriers, but who knows what will happen next with the price war still looming around.

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Sprint's bonds tumble as Moody's downgrades US wireless major

The US wireless major Sprint backed bonds tumbled in the market following the downgrade by Moody's, which sees increasing burden of debt maturities, brutal competitions and lack of operational stability for the third largest US wireless company.

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Google treats Project Fi Nexus 6 users with Android 5.1.1 Lollipop Update

For those who were lucky enough to be given an invite to Project Fi MVNO service, a new version of Lollipop is soon to arrive in all Nexus 6 smartphones.

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SoftBank shrinks U.S. office, marking end of failed T-Mobile bid

Japan's SoftBank Corp (9984.T) will soon downsize its Silicon Valley offices, people with knowledge of the matter said, signaling the company won't revive efforts to buy T-Mobile U.S. Inc (TMUS.N).

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France's Iliad drops plan to buy T-Mobile US

French low-cost telecoms operator Iliad SA (ILD.PA) abandoned its attempt to buy T-Mobile US Inc (TMUS.N) on Monday because of resistance from majority owner Deutsche Telekom (DTEGn.DE), becoming the third bidder to walk away from the carrier in three years.

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US web performance monitoring firm Catchpoint to foray into China and Russia

New York, US-based web performance monitoring firm Catchpoint Systems will be foraying into China and Russia, based on the pathway provided by their clients, indicating that Asia Pacific and Russia are the emerging markets in the industry.

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Israeli firm ClickSoftware to add US workforce management firm Xora in $14.7M merger deal

Petah Tikva, Israel-based ClickSoftware Technologies Ltd entered a deal to add Mountain View, US-based mobile workforce management firm Xora Inc for a cash consideration of around $14.7 million.

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Boston software maker Mendix nabs $25M in funding

Boston, US-based enterprise software maker Mendix nabbed $25 million in venture capital funding led by Battery Ventures to fuel its mission to build a big business in the software industry.

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Potential Sprint bid for T-Mobile might have some snags

A Sprint and T-Mobile merger will most likely not happen as the former needs to overcome certain hurdles to ensure that a smooth transition could take place, according to a ZDNet article.

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US carrier Sprint planning 2014 $20B T-Mobile takeover -report

US-based telecommunications company Sprint is eyeing the purchase of rival T-Mobile USA next year in a deal worth $20 billion, according to sources cited in a report by The Wall Street Journal.

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Nextel's shut down cost Sprint US$638 million

Sprint's earnings report showed that it lost US$638 million and 1.05 million subscribers due to Nextel's closure.

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T-Mobile's zero down strategy is a worthwhile alternative - analysts

Analysts said that T-Mobile could potentially gain more customers with the new strategy that would not ask for an upfront payment.

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