November 8, 2012 |
Sprint Nextel Corp. said it is buying a large chunk of struggling U.S. Cellular Corp., including its hometown Chicago market, for $480 million. The nation's third-largest cellular phone company also is buying U.S. Cellular's operations in St. Louis, central Illinois, Indiana, Michigan and Ohio. The deal, which requires regulatory approval and is expected to close in mid-2013, will transfer spectrum and about 585,000 customers — roughly 10% of U.S. Cellular's subscribers — to Sprint.
August 3, 2010 |
Leap Wireless International Inc., a pay-as-you-go mobile phone provider, said it would expand its Cricket service across the U.S. in a $300-million deal with Sprint Nextel Corp. Leap, based in San Diego, will expand over Sprint's network during the next five years, the company said Tuesday in a regulatory filing. Sprint will receive at least $25 million next year, $75 million in each of the following three years and $50 million in 2015, according to the filing. The carrier will get an undisclosed amount for each new Leap customer.
August 7, 2008 |
Sprint Nextel Corp. and Qwest Communications International Inc. posted lower second-quarter sales amid heightened competition for telephone customers. Sprint, the third-biggest U.S. wireless carrier, said Wednesday that it recorded a $344-million loss as sales declined 11%. Qwest, No. 3 in the U.S. local-phone market, said profit fell 24% and sales slipped 2.3%. The carriers are losing subscribers to Verizon Wireless and AT&T Inc. and are looking for ways to revive growth.
July 16, 2008 |
SK Telecom Co., South Korea's largest mobile-phone operator, was reported Tuesday to be in talks to buy struggling Sprint Nextel Corp., the third-largest wireless carrier in the U.S. SK Telecom declined to confirm or deny the report from business news channel CNBC. "There is nothing we can say on the report," said Ryu Mina, a spokeswoman for Seoul-based SK Telecom. No deal is imminent and no price has been set, CNBC said, citing people familiar with the talks.
October 31, 2007 |
Verizon Wireless and Sprint Nextel Corp. are in "advanced talks" with Google Inc. about carrying a cellphone powered by the Web company's software, according to a published report. The Wall Street Journal's online edition cited unnamed sources in reporting the talks Tuesday. The paper said Google was expected to announce within two weeks a set of software and services that cellphone makers could use.
September 20, 2005 |
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.
April 15, 2013 |
SoftBank Corp., whose bid for 70% of Sprint Nextel Corp. now faces an unexpected challenge from Dish Network Corp., isn't backing down. In a statement released late Monday, the Japanese telecommunications giant said its deal to invest $20.1 billion in the United States' third-largest wireless carrier was better than the unsolicited offer made by Dish. "SoftBank believes that the agreed terms of our transaction with Sprint offer Sprint shareholders superior short- and long-term benefits to Dish's highly conditional preliminary proposal," SoftBank said.
December 17, 2012 |
WASHINGTON -- Sprint Nextel Corp. said Monday it had reached a deal to acquire the rest of fellow wireless carrier Clearwire Corp. for $2.2 billion. The acquisition, which must be approved by federal regulators, would expand Sprint's holdings of wireless spectrum to help it compete with larger rivals AT&T Inc. and Verizon Wireless. Sprint is the nation's third-largest carrier. "Today's transaction marks yet another significant step in Sprint's improved competitive position and ability to offer customers better products, more choices and better services," said Chief Executive Dan Hesse.
October 29, 2005 |
Sprint Nextel Corp. is poised for a full-scale launch of its high-speed wireless network, a service that will include the first over-the-air music download store in the U.S. The newly merged cellphone company was planning a series of major announcements for Monday morning.
October 9, 2007 |
new york -- The beaten-down shares of Vonage Holdings Corp. more than doubled in value Monday after the Internet phone company said it had settled a patent suit filed by Sprint Nextel Corp. The shares gained $1.42 to $2.57. On Sept. 25, a jury in U.S. District Court in Kansas City, Kan., found that Vonage infringed six Sprint patents and ordered the company to pay $69.5 million in damages. The settlement Monday resolves all claims in that suit for $80 million, the companies said.