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BUSINESS
October 11, 2012 | By Salvador Rodriguez
Sprint Nextel is in talks with Japan's Softbank Corp. for a possible takeover that would give the nation's third-largest carrier much-needed financial support to build out its high-speed LTE network and better compete with Verizon and AT&T. The deal could be worth as much as $19 billion, according to the Associated Press, and result in Softbank acquiring a 75% stake in the Kansas-based carrier, according to the New York Times . Sprint confirmed the ongoing talks with Japan's third-largest carrier Thursday in a statement . “Although there can be no assurances that these discussions will result in any transaction or on what terms any transaction may occur, such a transaction could involve a change of control of Sprint.
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BUSINESS
June 26, 2013 | By Andrea Chang, Los Angeles Times
Japanese telecom giant SoftBank Corp. got shareholder approval for its mammoth takeover of Sprint Nextel Corp., giving America's No. 3 wireless carrier ammunition to take on industry leaders Verizon Wireless and AT&T. The $21.6-billion deal for a majority stake in Sprint is expected to enable the company to speed up the rollout of its high-speed 4G LTE service in new markets around the country. That should help it attract new customers, analysts said. "This is exactly what Sprint needs," said Jeff Kagan, a technology industry analyst.
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BUSINESS
December 19, 2007 | From Times Wire Services
Sprint Nextel Corp. named Dan Hesse, chairman and chief executive of wire line company Embarq Corp., its new president and CEO. Hesse, who has led Overland Park, Kan.-based Embarq since Sprint spun it off as a separate company a year and a half ago, replaces Gary Forsee, who was ousted from the nation's third-largest wireless provider in October after several quarters of falling subscriber numbers and other operational troubles.
ENTERTAINMENT
April 16, 2013 | By Joe Flint
Before the coffee. After saying a prayer for Boston. The Skinny: Not much to joke about today as another innocent pleasure is shattered forever. Tuesday's headlines include how the media handled and mishandled coverage of Monday's bombing in Boston. Also, the Jackie Robinson biopic "42" didn't flinch when it came to language, and the Rolling Stones get ready to roll again. Daily Dose: Netflix made headlines last week when it said that over the last three months, more than 4 billion hours of its content had been streamed by its customers.
BUSINESS
January 25, 2008 | From Times Wire Services
Sprint Nextel Corp. Chief Executive Daniel Hesse, in his first month at the helm, replaced the leaders of finance, marketing and sales after the wireless carrier lost more than a million contract subscribers in a year. Chief Financial Officer Paul Saleh, Chief Marketing Officer Tim Kelly and Mark Angelino, president of sales and distribution, are leaving, the Reston, Va.-based company said. The departures are the first senior management moves undertaken by Hesse, who became CEO in December.
BUSINESS
May 13, 2008
Sprint Nextel Corp. said Monday that it was considering selling assets after its net loss swelled to $505 million. The first-quarter loss expanded to 18 cents a share, from $211 million, or 7 cents, a year ago, Overland Park, Kan.-based Sprint said. The company said it was considering shedding some assets, as well as renegotiating credit terms, to meet obligations to lenders. Sprint lost 1.1 million contract customers last quarter, fewer than forecast, and said the declines would improve "marginally" this quarter.
BUSINESS
October 12, 2012 | By Andrea Chang, Los Angeles Times
Sprint Nextel Corp., left behind in the latest wireless consolidation, is in talks with one of Japan's largest cellphone service providers for a possible takeover that could help turn around the No. 3 U.S. carrier. Sprint said Thursday that Softbank Corp. is considering a "substantial investment" in the company. The deal would give Sprint much-needed financial support to build out its high-speed LTE network and better compete in a market dominated by Verizon Wireless and AT&T Inc. With more than 56 million customers, Sprint was expected to make a move after last week's announcement that Deutsche Telekom's T-Mobile and MetroPCS had agreed to merge.
BUSINESS
February 2, 2006 | From Associated Press
After months of secrecy, Sprint Nextel Corp. said its local telephone division would be named Embarq when it separates this spring to become its own company. Sprint Nextel, based in Reston, Va., unveiled the name and logo to employees and plans a larger marketing blitz after the spinoff in the second quarter.
BUSINESS
April 21, 2006 | From the Associated Press
Sprint Nextel Corp. has agreed to acquire UbiquiTel Inc. for $1 billion, continuing a campaign of buying up regional affiliates that have sued over last year's merger between Sprint and Nextel. Conshohocken, Pa.-based UbiquiTel provides wireless service under the Sprint brand name to 452,000 subscribers, including some in California. Reston, Va.-based Sprint Nextel will acquire UbiquiTel's shares for $10.35 each in cash. The stock rose 14 cents to $10.33.
BUSINESS
September 20, 2005 | From Reuters
Sprint Nextel Corp. said Monday that it would sell access to RealNetworks Inc.'s Rhapsody radio service, allowing Sprint cellphone users to listen to several radio stations and podcasts. Rhapsody Radio will cost $6.95 a month on top of what Sprint users pay for its Vision Multimedia Service, the wireless company's mobile Internet package. It features stations devoted to alternative, pop, country, R&B and hip-hop.
BUSINESS
April 16, 2013 | DAVID LAZARUS
Satellite TV provider Dish Network says it's thinking only of customers as it offers $25.5 billion to buy Sprint Nextel, the third-biggest U.S. wireless company. "A transformative Dish/Sprint merger will create the only company that can offer customers a convenient, fully integrated, nationwide bundle of in- and out-of-home video, broadband and voice services," said Charles W. Ergen, Dish's chairman. "This unique, combined company will have a leadership position in video, data and voice, and the necessary broadband spectrum to provide customers with rich content everywhere, all the time," he said.
ENTERTAINMENT
April 16, 2013 | By Joe Flint
Dish Network Chairman Charlie Ergen once compared his corporate strategy to an episode of "Seinfeld. " “You initially didn't know exactly where things were going, but it seemed to all come together in the end,” he said. “This is what is happening at Dish.” For Ergen, that means turning a satellite broadcaster into a telecommunications giant. Concerned about slow growth in the pay-TV business, Ergen has made a $25.5-billion unsolicited bid for Sprint Nextel. A merger would give Dish the ability to package Internet and phone service with its satellite offerings.
BUSINESS
April 16, 2013 | By Joe Flint and Andrea Chang, Los Angeles Times
Dish Network Corp. is taking a run at Sprint. The satellite television company made an unsolicited $25.5-billion bid for Sprint Nextel Corp. on Monday in an attempt to marry one of the nation's biggest pay-TV providers with the third-largest U.S. wireless carrier. A merger would give Dish the ability to package Internet and phone service with its satellite offerings. "A transformative DISH/Sprint merger will create the only company that can offer customers a convenient, fully integrated, nationwide bundle of in- and out-of-home video, broadband and voice services," Dish Chairman Charles W. Ergen said.
ENTERTAINMENT
April 15, 2013 | By Joe Flint
After the coffee. Before remembering how to drive in the rain. The Skinny: I guess I'm getting old, as I had no desire to watch the MTV Movie Awards -- and the tweets told me I wasn't missing too much. Monday's headlines include the weekend box office recap, Dish Network's surprise bid for Sprint and concerns about whether the American Humane Assn. is doing a good enough job policing animal safety on movie and TV sets. PHOTOS: 2013 MTV Music Awards Daily Dose: Edward Pound, a former New York Times and Wall Street Journal reporter has been tapped by Al Jazeera America to oversee its investigative reporting unit.
SPORTS
April 15, 2013 | By Jim Peltz
NASCAR's title sponsor, Sprint Nextel Corp. is in the middle of a takeover battle. Dish Network Corp. on Monday made an unsolicited $25.5-billion offer to buy Sprint, which already had agreed to merge with SoftBank Corp., a Japanese telecommunications company. Regardless of which company prevails in buying Sprint, it raises the question of whether the change in control could affect the company's title sponsorship of NASCAR's top-tier Sprint Cup Series. It's too soon to tell because the answer would depend on the new owner's willingness to stay invested in NASCAR.
BUSINESS
January 29, 2013 | By Jessica Guynn
SAN FRANCISCO -- Tongues are wagging that SoftBank's billionaire founder, Masayoshi Son, may be the buyer of a $117.5-million estate in Woodside. No one is willing to go on the record -- everyone involved signed non-disclosure agreements. But one real estate source who requested anonymity because he didn't want to jeopardize future business relations said Son bought the exclusive property in the woodsy and very wealthy heart of Silicon Valley. Son is one of the richest men in Japan.
BUSINESS
October 11, 2012 | By Salvador Rodriguez
Sprint Nextel is in talks with Japan's Softbank Corp. for a possible takeover that would give the nation's third-largest carrier much-needed financial support to build out its high-speed LTE network and better compete with Verizon and AT&T. The deal could be worth as much as $19 billion, according to the Associated Press, and result in Softbank acquiring a 75% stake in the Kansas-based carrier, according to the New York Times . Sprint confirmed the ongoing talks with Japan's third-largest carrier Thursday in a statement . “Although there can be no assurances that these discussions will result in any transaction or on what terms any transaction may occur, such a transaction could involve a change of control of Sprint.
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