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Sprint Corp

Inside A Sprint Corp. Store Ahead Of Earnings Figures

Sprint Raises $2.2 Billion Fund Under Complex Transaction Structure

Sprint has announced on Wednesday raising $2.2 billion fund through selling and leasing back of network assets. The complex transaction structure has been facilitated by the internet carrier’s parent company SoftBank Group. Sprint chooses this deal out of other available options to remain solvent for more than 2 years.

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JAPAN-COMPANY-EARNINGS-SOFTBANK

Major Analysts Update SoftBank Outlook To ‘Outperform’

Analysts have updated their outlooks towards SoftBank, majority of whom have put a ‘Outperform’ tag for the embattled Japanese concern. Meanwhile, SoftBank’s stock has witnessed a fall of 27.60% since July 2, 2015 ahead of releasing earning figures. The stock price fall is due to its $22 billion investment in Sprint which has turned to be bad debt.

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T-Mobile

T-Mobile is offering free data usage for video streaming

T-Mobile now offers a new option for users to stream videos on their mobile devices without using up too much data allotment against their plans. The company's chief executive John Legere announced Tuesday the new video streaming plan that is called "Binge On" in a move that would hopefully attract more users to register in their network, according to Reuters.

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Sprint

Struggling telco Sprint Corp cuts $2.5B in opex; jobs, free snacks next

Sprint Corp - a subsidiary of Japan Softbank- and one of the largest mobile services provider in the US is currently on the way to cutting costs in the midst of deploying marketing strategy to recover lost subscribers.

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Nikesh Arora

SoftBank invests $1bn in US fintech startup SoFi

Marking the first ever single major investment in financial technology (fintech) segment, SoftBank Group Corp has led an investment of $1billion in the US startup SoFi. Private equity (PE) firms such as Third Point have invested in SoFi. Both the companies are of a positive view that the Series E funding round will speed up the growth rate of SoFi. The fintech services are gaining support from customers, who're not satisfied with traditional banking services. SoFi is aiming at expanding financial offerings in the near future.

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Wi-Fi

Google rolls out new U.S. wireless service

Google Inc on Wednesday launched a new U.S. wireless service that switches between Wi-Fi and cellular networks to curb data use and keep phone bills low.

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RadioShack Corp

RadioShack rescue deal dogged by fights, demands for new auction

RadioShack Corp's rescue deal to keep 1,740 stores open was attacked on Thursday by the bankrupt retailer's top creditor, a failed bidder who called the auction a sham and sought a new sale.

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RadioShack Corp

RadioShack files for bankruptcy; Sprint to take over some stores

Electronics retailer RadioShack Corp filed for U.S. bankruptcy protection on Thursday and said it had a deal in place to sell as many as 2,400 stores to an affiliate of hedge fund Standard General, its lender and largest shareholder.

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RadioShack

RadioShack may close, Sprint to get half of chain: BBG

Troubled electronics retailer RadioShack Corp is preparing to shut down the chain in a bankruptcy deal that would see half the stores taken over by Sprint Corp, Bloomberg News reported, citing people with knowledge of the discussions.

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RadioShack Corp

RadioShack in talks to sell leases on stores to Sprint

RadioShack Corp, expected to file for bankruptcy next month, is in talks to sell leases on some of its stores to telecoms operator Sprint Corp, Bloomberg said, citing a person with direct knowledge of the matter.

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Phone

Deal to spur better 911 call locating for U.S. cellphone users

Emergency responders will be able to better locate callers who dial 911 on their cellphones from indoors as the U.S. wireless industry improves caller-location for the majority of such calls over the next six years.

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T-Mobile

T-Mobile adds 2.7 million customers in August, breaks company record

T-Mobile US added 2.75 million customers in August, the largest number of monthly subscriber additions in its history, the carrier announced at a company event on Wednesday.

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Sony Corp

SoftBank's first Sony smartphone deal takes aim at U.S. market

Japan's SoftBank Corp and its U.S. mobile carrier Sprint Corp will offer a Sony smartphone for the first time, sources with knowledge of the matter said, as the two technology titans confront daunting challenges in the U.S. market.

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telecommunications

Telekom sees T-Mobile sale at $35 a share as too low: source

Deutsche Telekom AG (DTEGn.DE) sees potential offers which value its T-Mobile US Inc (TMUS.N) unit at $35 a share as being substantially too low, a person familiar with the matter said on Thursday, countering a report from Bloomberg.

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Sprint

Sprint's shares rise due to rumored merger with T-Mobile

Sprint Corp's shares climbed as much as 15% earlier in trading day today as speculation that it will be merging with rival T-Mobile US Inc rises, said a Bloomberg report.

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