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Softbank News
Japanese carrier SoftBank’s may have to wait a little longer to get its money back from the Sprint acquisition. According to the company’s CEO Masayoshi Son, it will take some time for Sprint turnaround. Here’s what he said in an interview with Reuters: It took around a year after SoftBank bought Vodafone (before) we reached…
Sprint confirmed on Friday that the FCC has given its approval to the merger of the US wireless carrier with Japanese carrier SoftBank. SoftBank will have majority control over Sprint and will play an integral role in Sprint’s upcoming acquisition of Clearwire. This approval is the last government hurdle for the merger, and both Sprint…
The merger between Sprint and SoftBank is moving forward after an attempt by Dish Network to acquire the struggling US communications company failed. According to Reuters, Dish network officially withdrew its bid on Sprint and on Clearwire in the past weeks, marking the end of the company’s push into the wireless industry. On the Sprint-SoftBank…
Dish Network declined to submit a new bid for Sprint Nextel, leaving the carrier to Japan’s SoftBank. The satellite TV provider quoted “extreme deal protections” included in Sprint’s revised acquisition agreement with SoftBank for its decision not to pursue the deal. Here’s what they said: While Dish continues to see strategic value in a merger…
SoftBank is apparently super-cereal to enter the U.S. mobile market – if it fails to acquire Sprint, the Japanese company will apparently go for the local branch of T-Mobile. The information about this “Whatever Works” strategy comes from Reuters, which claims that Dish can only partially ruin SoftBank’s plans. After acquiring MetroPCS, T-Mobile USA became…
Japan’s SoftBank has announced the Sharp AQUOS 206SH, a fancy-lookin’ Android 4.2 smartphone with features that include a 5-inch full HD screen, Qualcomm’s quad-core processor and 13.1-megapixel camera. All this comes as standard in similar products sold elsewhere (i.e. Samsung Galaxy S4, Sony Xperia Z, etc); what doesn’t is an enormous 3,080mAh battery, which is…
SoftBank is continuing its public campaign as it tries to win the favor of Sprint. After a war of words between SoftBank and Dish erupted this week, SoftBank is back on the offensive and encouraging Sprint stockholders to approve its deal. Sprint will be voting on the merger during a special stockholders’ meeting that will…
Earlier his week, SoftBank confirmed it wont budge on its offer to acquire US wireless carrier Sprint. It said the competing offer from Dish was “incomplete and illusory” and claimed it has the better deal. Dish Network Chairman Charlie Ergen didn’t take this criticism lying down and responded vehemently in favor of his company. Speaking…
Sprint is in the enviable position of being courted by not one, but two companies for a potential merger. Sprint already agreed to a deal that would give control over the company to Japanese wireless carrier Softbank. This Softbank deal was expected to close this summer, but a sweeter offer from Dish puts that merger…
Dish may be courting Sprint with $25B in cash and stock, but Softbank still believes that it will win the hand of the US carrier in the long run. According to a report in AllThingsD, Softbank released a statement that confirms it intends to acquire a majority interest in Sprint by July 2013. SoftBank believes that…