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BUSINESS
August 3, 2010 | Bloomberg News
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.
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BUSINESS
August 7, 2008 | From Times Wire Services
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.
BUSINESS
July 16, 2008 | From Times Wire Services
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.
BUSINESS
October 31, 2007 | From Times Wire Services
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.
BUSINESS
April 15, 2013 | By Andrea Chang
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.
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
October 29, 2005 | From Associated Press
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.
BUSINESS
October 9, 2007 | From the Associated Press
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.
BUSINESS
July 27, 2007 | From Reuters
Google Inc. plans to offer Internet search services through a Web portal that Sprint Nextel Corp. is developing for its WiMax high-speed wireless service, the companies said Thursday. The agreement is Google's closest alliance with a major U.S. mobile service provider. It is expected to boost Web access over Sprint's new network and improve use of Google's search and communications services on mobile devices.
BUSINESS
July 30, 2008 | From the Associated Press
The fees that cellphone carriers charge customers who break service contracts took a big hit when a judge said such charges by Sprint Nextel Corp. probably violate California law. Alameda County Superior Court Judge Bonnie Sabraw, in a tentative ruling issued late Monday, said Sprint would have to pay $18.3 million to customers who sued over the fees and credit $54.8 million to those who were charged but did not pay the fees.
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