Japan's SoftBank says nine-month profit soars 58%
SoftBank said Wednesday its nine-month net profit soared 58 percent thanks to strong iPhone sales, but third-quarter earnings suffered because of losses in its newly acquired Sprint Nextel unit.
SoftBank said Wednesday its nine-month net profit soared 58 percent thanks to strong iPhone sales, but third-quarter earnings suffered because of losses in its newly acquired Sprint Nextel unit.
Business
Feb 12, 2014
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Sprint Nextel, the third largest U.S. wireless carrier, is now under the control of the Japanese investment firm SoftBank.
Telecom
Jul 11, 2013
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Sprint has completed its acquisition of wireless network operator Clearwire Corp.
Telecom
Jul 9, 2013
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The Federal Communications Commission says it approved Softbank Corp.'s bid for Sprint Nextel Corp.
Business
Jul 5, 2013
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A New York judge has refused to dismiss the state attorney general's lawsuit claiming back sales taxes and triple damages from Sprint.
Business
Jul 2, 2013
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Sprint Nextel Corp.'s shareholders on Tuesday approved SoftBank Corp.'s acquisition of the bulk of the wireless carrier company.
Telecom
Jun 25, 2013
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Satellite TV operator Dish Network Corp. is officially abandoning its efforts to acquire Sprint Nextel Corp.
Telecom
Jun 21, 2013
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The flamboyant founder of Japanese telco SoftBank, which is close to a $21.6 billion takeover of US firm Sprint Nextel, on Friday added a new goal to his lofty agenda: creating the world's biggest company.
Business
Jun 21, 2013
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Satellite TV operator Dish Network Corp. said Tuesday it would not submit a revised bid for Sprint, leaving the path open for the wireless carrier to accept what it already considers a superior offer from Japan's Softbank.
Telecom
Jun 19, 2013
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Clearwire says it plans to delay a stockholder vote on Sprint's offer to buy the half of the wireless network operator that it doesn't already own.
Telecom
May 31, 2013
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Sprint Nextel Corporation (NYSE: S) is a telecommunications company, based in Overland Park, Kansas. The company owns and operates the third largest wireless telecommunications network in United States, with over 49 million customers, behind Verizon Wireless and AT&T Mobility. Sprint is a global Internet carrier (Tier 1 network) and makes up a portion of the Internet backbone. In the United States, the company also operates the largest wireless broadband network and is the third largest long distance provider.
The company was created in 2005 by the $35 billion purchase of Nextel Communications by Sprint Corporation. In 2006, the company spun off its local landline telephone business, naming it Embarq. The company also completed the $6.5 billion acquisition of Nextel Partners, one of its largest affiliates, which primarily provides Nextel wireless services to more rural markets.
Sprint also operates and maintains DCSNet, the U.S. Federal Government's private surveillance network.
In 2009, Sprint announced that its entire wireless network will be turned over to the Sweden-based Ericsson. Under the deal, Sprint will transfer many of their employees and Ericsson will take over the full maintenance and operations of the Sprint wireless network. Additionally Ericsson will be housed within the Sprint headquarters. The transaction is expected to be complete by the end of Q3 2009.
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