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Sprint Sees Slight Financial Improvement in Q1, Accompanied by Losses
The third largest wireless carrier in the U.S., Sprint reported its first quarter results on Wednesday. The numbers show an improvement over one year ago, with an operating profit of $29 million and...
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Sprint Enters Discussions with Dish, Faces Fresh Clearwire Opposition
This week sees several new plot developments in the SoftBank-Dish-Sprint-Clearwire story. First off, SoftBank has granted Sprint a waiver permitting it to enter into a non-disclosure agreement and...
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Clearwire Board Sees Sprint as Only Option
Clearwire sent a letter to its shareholders on Monday endorsing an acquisition by Sprint as the best and only option. In the letter, Clearwire’s board argues that Sprint’s offer of $2.2 billion, or...
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Sprint Increases Clearwire Bid to Beat Dish
Sprint has raised its bid for Clearwire by 14%, bringing it up from $2.97 per share to $3.40 per share. The new offer values Clearwire at $10.7 billion and, most importantly, it surpasses the rival...
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The Continuing Adventures of Sprint, Clearwire, SoftBank, and Dish
It’s a busy time for Sprint right now. The carrier recently upped its bid for Clearwire from $2.97 per share to $3.40 per share. Sprint hoped that the higher offer would satisfy shareholders, but that...
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Sprint-SoftBank Deal Passes National Security Review
SoftBank’s acquisition of 70% of Sprint takes another step toward completion with the announcement that the Committee on Foreign Investment in the U.S. has cleared the deal. Dish, which has made its...
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Dish Challenges Sprint with Raised Bid for Clearwire
Once again, Dish Network is making headlines. This time the news is that the company has raised its bid to acquire Clearwire to $4.40 per share, a full dollar higher than Sprint’s own recently...
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Sprint Adds 22 Markets to 4G LTE Network
Despite being mired in the swamp of acquisition negotiations with SoftBank, Dish, and Clearwire, Sprint continues to roll out new locations for its 4G LTE network. The carrier has added 22 new markets,...
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Sprint Sues Dish to Block Clearwire Offer
The battle for Clearwire takes another twist this week as Sprint has filed a lawsuit against Dish in an attempt to block the latter’s tender offer. Sprint is claiming that Dish’s offer violates...
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Dish Drops Sprint Acquisition to Focus on Clearwire Offer
After months of back and forth, Dish has decided to drop its attempt to acquire Sprint. Dish declined to submit a revised bid by the June 18th deadline, claiming in a statement that it was...
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Once More, Sprint Raises Bid for Clearwire
In an effort to knock Dish out of the running and settle the matter once and for all, Sprint has raised its bid for the shares of Clearwire that it doesn’t already won to $5 per share. This new offer...
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Sprint Shareholders Vote to Approve SoftBank Offer
Sprint shareholders have overwhelmingly approved the offer from Japanese carrier SoftBank to purchase the company. Around 98% of the votes cast in the Tuesday meeting were in favor of accepting...
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Dish Withdraws Offer for Clearwire
After months of drama and surprise twists, the battle for Clearwire may finally be over. Dish Network has released a statement in which it says it is withdrawing its $4.40 per share tender offer for...
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SoftBank Reportedly Wins Majority Approval from FCC for Sprint Bid
SoftBank’s bid for wireless carrier Sprint has reportedly won the support of two of three members of the Federal Communications Commission, according to sources close to the matter. The FCC is the last...
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FCC, Shareholders Give Go-Ahead for SoftBank, Sprint, and Clearwire Acquisitions
It was rumored that the Federal Communications Commission was leaning toward approving the SoftBank, Sprint, and Clearwire transactions and now it’s official. The FCC has approved SoftBank’s $21.6...
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At Long Last, SoftBank Takes Control of Sprint
Finally, it’s all over. Sprint Nextel completed its purchase of Clearwire earlier this week and now SoftBank has closed its deal to take control of Sprint, bringing the long-running saga to a close....
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Sprint Guarantees Unlimited Plans, Drops Price
Sprint customers concerned that the recently completed acquisition by SoftBank will shake things up have nothing to worry about, at least when it comes to their unlimited wireless plans. Despite rumors...
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Sprint Second Quarter Suffers from Nextel Shutdown
Sprint has posted its results for the second quarter, marking the end of its Nextel network and the beginning of the SoftBank era. The carrier saw a $1.6 billion net loss, part of which was due to the...
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Sprint Cuts 800 Customer Service Positions
Sprint is cutting around 800 customer service jobs and doing its best to spin the announcement as a positive. The explanation given by the third-largest carrier in the U.S. for the cuts is that...
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Sprint Sees Profit in Q3, but Customer Churn Continues
Sprint’s first quarterly report since it was acquired by SoftBank has the carrier showing a profit. For the third quarter, Sprint reported a net profit of $383 million, which is a significant reversal...
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