June 25, 2013 |
Sprint shareholders approved a $21.6-billion acquisition by SoftBank on Tuesday, bringing an end to the takeover drama involving Dish Network Corp., which had also made a play for the No. 3 U.S. carrier. About 98% of shareholders voted to approve the deal, which will pay them either $7.65 per share for the stock they now hold, or give the same number of shares of new Sprint common stock. The deal will give SoftBank 78% ownership of Sprint. “The transaction with SoftBank should enhance Sprint's long-term value and competitive position by creating a company with greater financial flexibility," Sprint Chief Executive Dan Hesse said in a statement . PHOTOS: The 10 biggest tech gadget fails Sprint said it expects the Federal Communications Commission to approve the deal early next month.
October 15, 2012 |
We took a close look at Japan's Softbank spending $20 billion for a controlling stake in Sprint on today's KTLA-TV Consumer Confidential segment. Good for consumers? Maybe over the short term. Longer term, perhaps not so much. We also looked at a refund for e-book users and Microsoft's latest stab at winning music fans.
November 21, 2013 |
Sprint has landed at the bottom of Consumer Reports' annual ranking of cellphone service providers, dropping from the No. 2 spot last year. Sprint this year received "dismal marks" for value, voice, text and 4G reliability, according to the report, which is based on a survey of 58,399 subscribers. Verizon was once again the top major carrier, receiving high scores for data service and "some aspects of customer support. " AT&T and T-Mobile got mostly middling marks, although AT&T received the top rating for the reliability of its 4G service.
July 11, 2013 |
Sprint gave customers its biggest assurance yet that it has no plans to take away unlimited data service as its rivals have done. Its new "Unlimited Guarantee" comes with the promise that as long as users stick with one of two new service plans, they will have unlimited data as long as they like -- or at least until Sprint goes out of business. In recent years, AT&T and Verizon have killed their unlimited data plans and put in place practices that encourage users who still have those plans to dump them.
October 17, 2012 |
Sprint will begin selling the enormous 5.5-inch Samsung Galaxy Note II smartphone/tablet hybrid device Oct. 25. The Kansas-based network, which recently agreed to sell a 70% stake to Japan's SoftBank Corp. , announced the upcoming Samsung phone will start selling for $299.99 on a two-year contract to new customers and those with upgrades. Sprint did not specify how much storage the phone will have, but said it will sell both color options offered by Samsung -- marble white and titanium gray.
June 26, 2013 |
Sprint announced two new Windows Phone 8 devices for its lineup that will be capable of connecting to its LTE network: the HTC 8XT and the Samsung Ativ S Neo. The HTC 8XT is the first Windows Phone 8 device the Taiwanese smartphone maker has outfited with dual front-facing speakers. Between the phone's two speakers, the 8XT features a 4.3-inch screen. Additionally, the HTC device has an 8-megapixel rear camera, 8 gigabytes of storage and it runs on a 1.4GHz dual-core Qualcomm Snapdragon 400 processor.