Topic: Dan Hesse
Softbank reaches deal to buy 70 percent of Sprint. Softbank deal, the biggest foreign acquisition by a Japanese company, would create world's No. 3 mobile company, tied with AT&T.
Although Sprint Nextel Corp. sold nearly 2 million iPhones last year, the company has lost more than $1 billion due to costly subsidies. Sprint plans to make back the money through the iPhone's two-year contract.
iPhone helped drive up activation numbers for Sprint. Still, the company posted a major loss in the last quarter of 2011, thanks to the iPhone.
An AT&T and T-Mobile merger would mean 'higher prices' for customers, says the Justice Department, which is suing to block the deal. Is the AT&T and T-Mobile merger now a bust?
08/31/2011 05:06 pm
Sprint HTC EVO 4G mobile phones have been selling well, according to Sprint, and there have been some spot product shortages, due to better-than-expected demand.
06/29/2010 05:03 pm
The HTC EVO 4G, a smart phone powered by the Sprint network, is expected to hit shelves sometime this summer. Sprint hasn't yet set a price for handset, but the HTC EVO 4G, which runs the Google Android operating system, is already being touted as a worthy challenger to the Apple iPhone.
03/24/2010 02:11 pm