Items tagged with softbank

It's a good thing for Sony that its PlayStation 4 console is such a success, because in the land of mobile, especially smartphones, sales aren't anywhere as easy to come by. That's true of most companies not named Apple or Samsung, though it's particularly disappointing for Sony, one of the better known brands in electronics. Sony's strategy to turn things around in the smartphone business is to team up with Sprint and its Japan-based parent company SoftBank. For the first time, Sprint will add a Sony brand smartphone to its catalog of devices. That smartphone is expected to be the Xperia Z3, Sony's... Read more...
Much to T-Mobile's chagrin, Sprint is no longer interested in acquiring the nation's fourth largest wireless carrier, and the decision to ditch any potential deal the two may have been negotiating could spark a price war. That's just fine by Sprint, which is testing out new pricing plans as it prepares itself for what could be a fierce fight in wireless. Masayoshi Son, CEO of Sprint's parent firm SoftBank Corp, said his company will infuse the nation's third largest wireless carrier with its "street fighter" tactics through new leadership. Indeed, Sprint already hired a new CEO of its own, replacing... Read more...
We as a society are still coming to terms with folks wearing Google Glass on their face, and eventually, we're going to have to come to grips with robots such as this walking around in parks and shopping malls. The Japanese-born robot, named Pepper, is set to go on sale early next year in Japan for just under $2,000. As of now, plans to ship it outside of Japan are still up in the air, likely due to cultural uncertainties on how nations would react to such a cutie showing up on store shelves. The robot is described as a "cooing, gesturing humanoid on wheels," which has a special talent: it can... Read more...
Back in December, we caught wind that Japan’s Softbank was looking to snag T-Mobile, and now that deal is closer to becoming reality, according to new reports. Deutsche Telekom AG currently owns a majority stake in T-Mobile, but it’s apparently willing to sell that majority to Softbank while keeping a minority stake for itself. The news was originally leaked by Kyoto News Agency, but Reuter’s sources confirmed it while noting that there have been complications, not the least of which is overcoming regulatory concerns in the U.S. Softbank/Sprint's Son (Credit: Tomohiro Ohsumi/Bloomberg)... Read more...
Sprint is forging ahead with plans to bid for a takeover of T-Mobile, according to a new report. Sources familiar with the situation told Bloomberg that Sprint has lined up financing with at least six banks including Goldman Sachs Group Inc., Citigroup Inc., JPMorgan Chase & Co. (JPM), Mizuho Financial Group Inc., Bank of America Corp. and Deutsche Bank AG. It’s unclear how much capital will be needed, as the deal would require covering T-Mobile’s $8.7 billion in debt. Whatever the number, Softbank (which owns 80% of Sprint) and Deutsche Telekom AG (which owns 67% of T-Mobile) are... Read more...
While plenty are skeptical of the value to consumers if Sprint is allowed to acquire T-Mobile, effectively reducing the number of wireless carriers in the U.S. from four to three, Sprint’s chairman Masayoshi Son (who is also the president of SoftBank) promises that it will be a boon to all. Son told Charlie Rose that he wants to be a true heavyweight in the mobile provider fight--which he can and will do, as long as the T-Mobile acquisition goes through. “We need a certain scale, but once we have enough scale to have a level fight, OK,” he said “It’s a three-heavyweight... Read more...
Those rumors of Sprint buying T-Mobile? At first blush, it was easy to brush it off as nothing more than a passing whisper, but now, evidence is beginning to mount. Japanese telecomunications company SoftBank is reportedly looking to close a deal "soon" that would see it purchasing T-Mobile. While SoftBank's roots are in Japan, it already owns a sizable stake of Sprint in the United States. SoftBank would then further its grasp on the U.S. market, and if things go to plan, it looks as if SoftBank will pay upwards of $19 billion for the carrier. The process won't be easy. Regulators already spiked... Read more...
Two years ago, AT&T’s bid to acquire T-Mobile fell through (with AT&T’s consolation prize a roaming agreement with Deutsche Telekom), but another one of the four major U.S. mobile carriers is considering a T-Mobile purchase. This time it’s Sprint that has magenta on the brain, according to the Wall Street Journal’s sources. Such an acquisition would consolidate the third- and fourth-largest U.S. mobile carriers into a single behemoth and would thereby cut the number of majors from four to three. (Credit: Bloomberg) The official bid would come sometime in the first... Read more...
As far as Apple rumors go, usually it’s all about new products that the Cupertino company is trying to keep under wraps (but is also glad that people are rumor-mongering about), but this one pertains to yet another carrier that will soon carry the iPhone. According to Reuters, the Nikkei says that Japan’s NTT DoCoMo will start carrying iPhones as early as this fall. Ostensibly, this move will allow DoCoMo to better compete with rivals SoftBank and KDDI, and reportedly DoCoMo will sell the device at prices similar to its competition. Credit: Reuters For Apple, of course, this simply... Read more...
At long last, it's a done deal. Sprint is no long walking on its own. Instead, it's now a part of SoftBank, a Japanese telecommunications giant. As of now, the two have completed their merged, with SoftBank to own around 78 percent of the shares involved in the "new" Sprint Corporation. Existing Sprint equity owners will hold on to the other bit. SoftBank is investing just under $22 billion in Sprint, onsisting of approximately $16.6 billion to be distributed to Sprint stockholders and an aggregate $5 billion of new capital ($1.9 billion at closing) to strengthen Sprint's balance sheet. Each Sprint... Read more...
It's pretty much a done deal, says CNBC. The financial news outlets has confirmed that Sprint will soon have a new majority owner: Japan's own Softbank. The Japanese mobile carrier is reportedly ready to pay $20 billion (yes, with a B!) for a 70% stake in Sprint, which is currently America's third-largest carrier. In what perhaps showcases just how bad off Sprint is, the news has caused Softbank's stock to decline some 5%. Many of the finer details are still be ironed out, which is to be expected with such a large and complicated matter, but the official news should be posted soon. Early reports... Read more...