Sprint Reportedly Bowing Out of T-Mobile Bid (was "Sprint offer" and "Iliad" threads)

[mhammett]

By acquiring whom? Or do you think they'll try to expand as a new entrant from the ground up?

Slim has to divest a significant part of America Movil.

[mhammett]

Lol. Been looking and can't find it. I guess I remembered incorrectly

I wonder why they shed it. I wonder if they saw it as a dying business. But then that would bring up the question as to way they did not cash out and sell it versus spinning it off into a company that did not need to maintain a relationship with Sprint. Fun fact...Hesse was CEO of Embarq before he became Sprints CEO.

They shed it because unless you're defrauding USF, landlines are a losing proposition outside of urban centers.

[mhammett]

I still wonder why they would spin it off and not sell it outright. Or spin it off as a subsidiary. As it stands they gave it away, got nothing in return and lost the ability to add back-haul on their own in many markets. That ended up being a lose lose proposition.

They also lost a metric shit ton of debt.

[mhammett]

Maybe I should rephrase; In response to Google Fiber, AT&T has been promising 1Gbs broadband connections. Which to me means that they have to bring fiber much closer to the home.

I believe that is only to keep GOogle and regulators at bay. Google and the ILECs are playing a game here. Google will just enough to get the ILECs to do FTTH everywhere and the ILECs will do just enough to get Google to stop.

[utiz4321]

I really liked Hesse and what he did to save Sprint. He had an incredibly difficult job when he took over Sprint Nextel, definitely the hardest job in wireless. He saved the company but not much else (I don't know if anyone could have done better but Sprint hasn't made any forward progress under Hesse). With that said I think NV 1.0 has been something of a minor debacle and far from the company rejuvenating move is was billed as. Hesse is where the responsibility lies , if not the fault.

[jamisonshaw125]

http://investors.sprint.com/file.aspx?IID=4057219&FID=24739581&printable=1

 

This has been a wonderful first few days of the week. First I find out that my next phone is being announced on sept 9th, then I found out the merger is DONE, then I found out we have a new CEO who will hopefully express the urgency and persistence of Masa, and 800 acceptances are coming to Florida. 

 

My face after all of this. 

[KD8JBF]

My thoughts exactly!

 

http://investors.sprint.com/file.aspx?IID=4057219&FID=24739581&printable=1

 

This has been a wonderful first few days of the week. First I find out that my next phone is being announced on sept 9th, then I found out the merger is DONE, then I found out we have a new CEO who will hopefully express the urgency and persistence of Masa, and 800 acceptances are coming to Florida. 

 

My face after all of this. 

[JimBob]

I just bought a crapload more shares in Sprint at around $5.95

 

The stock is getting slaughtered. Thus, I would be shocked if a big buyer such as Softbank or institutional investor does not swoop in and take a big stake.

 

The stock market now values the total business of Sprint at almost the same amount as T-Mobile US:  ~$28 billion

[JimBob]

Now that Sprint is out of the picture, Iliad will continue to pursue its $33-per-share offer for 56.6% of the T-Mobile US.

 

Softbank's $40-per-share offer is gone, TMUS is now trading in the $30 range, and the stock was trading at $26 before news of Sprint's offer last December. With some more partners such as Dish, Iliad might succeed.

 

http://online.wsj.com/articles/iliad-to-forge-ahead-with-t-mobile-bid-1407329989

[sbolen]

I just bought a crapload more shares in Sprint at around $5.95

 

The stock is getting slaughtered. Thus, I would be shocked if a big buyer such as Softbank or institutional investor does not swoop in and take a big stake.

 

The stock market now values the total business of Sprint at almost the same amount as T-Mobile US:  ~$28 billion

 

I can't get money into my USAA Brokerage account fast enough. LOL

[MkVsTheWorld]

From one of the last interviews I saw, it looked like Hesse was done and he all but said he was leaving. He did lead Sprint into making some smart moves, ie Network Vision, Clearwire, etc.

Edited August 6, 2014 by MkVsTheWorld

[S4GRU]

Any delayed microwave builds would have been Sprint's own fault as that was their own builds. The microwave in my area was available literally years before the fiber was.

Not necessarily. There are contracted backhaul microwave vendors for Sprint in many places. And if there is a backhaul problem at the connection point, well, then, there is not going be any backhaul carried by microwave to begin with.

 

Robert

[chamb]

IIRC as a provision of the Nextel merger Sprint had to sell of Embarq.

Not Correct.   You will not be able to provide any proof of this.   Sprint did not ever own Embarq and they were not required to sell their local division to create Embarq.  They sold off their local division because they wanted to.

[bucdenny]

I just bought a crapload more shares in Sprint at around $5.95

 

The stock is getting slaughtered. Thus, I would be shocked if a big buyer such as Softbank or institutional investor does not swoop in and take a big stake.

 

The stock market now values the total business of Sprint at almost the same amount as T-Mobile US:  ~$28 billion

 

Trading volume as of right now 80 million.  It is crazy this morning.

[WillM]

Must be a bad day for the M&A folks with this news as well as Fox throwing in the towel on bidding for Time Warner. Lots of fees down the drain!

[caspar347]

Damn. 2 hours till my Scottrade check is processed. Hopefully it stays low.

[JimBob]

Must be a bad day for the M&A folks with this news as well as Fox throwing in the towel on bidding for Time Warner. Lots of fees down the drain!

I like the sound of lawyers weeping.

[Johnner1999]

So did the new guy, get NV 2.0 finished yet?

 

;-)

[bigsnake49]

So did the new guy, get NV 2.0 finished yet?

 

;-)

 

Ha, ha, ha….yeah right!!

[Johnner1999]

Ha, ha, ha….yeah right!!

I was being sarcastic with humor.

 

And wasn't anti sprint

[cletus]

Are you sure about that? Well, in any meaningful way.

From the perspective of someone in a city where U-Verse is expanding: Absolutely. AT&T is going gangbusters here upgrading the entire U-Verse network. I expect them to be more competitive with Google Fiber (when it arrives) than Time Warner actually. Right now they are rolling out 300 Mbps with an upgrade to 1Gig down late this year/early next year.

 

I think Austin is pretty unique though.

[S4GRU]

From the perspective of someone in a city where U-Verse is expanding: Absolutely. AT&T is going gangbusters here upgrading the entire U-Verse network. I expect them to be more competitive with Google Fiber (when it arrives) than Time Warner actually. Right now they are rolling out 300 Mbps with an upgrade to 1Gig down late this year/early next year.

 

I think Austin is pretty unique though.

And AT&T would not be doing this if it wasn't for Google Fiber.

 

Robert via Samsung Note 8.0 using Tapatalk Pro

[bigsnake49]

I was being sarcastic with humor.

 

And wasn't anti sprint

 

I know . In other news FCC chairman Wheeler had to have his two cents in: 

 

"Four national wireless providers is good for American consumers," Federal Communications Commission Chairman Tom Wheeler said in an emailed statement. "Sprint now has an opportunity to focus their efforts on robust competition."

 

This is highly unusual for an FCC chairman to comment on an unannounced merger. Good job chairman! The two smaller ones can drive each other into the ground with lower prices and not have enough money to bid on your auctions so that AT&T and Verizon can again dominate the spectrum wars. Yep, let them split the 20% of EBITDA that the Big Two don't already claim.

[kg4icg]

And the caveat is AT&T doesn't want you having unlimited use on U-Verse with out paying a hefty fee. SO what good is a 1gb connection if you can't use it to it's fullest extent with out running into a AT&T cap?

[bigsnake49]

And AT&T would not be doing this if it wasn't for Google Fiber.

 

Robert via Samsung Note 8.0 using Tapatalk Pro

Yes, Isn't competition grand?