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marioc21

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Posts posted by marioc21

    New 4G LTE markets officially launched by Sprint

    in Network, Network Vision/LTE Deployment

    Posted

    Sprint announced several cities officially had 4g LTE go live. Here you go.

     

    Hutchinson & McPherson, KS

    http://newsroom.sprint.com/article_display.cfm?article_id=2429

    New Bedford & Fall River, MA

    http://newsroom.sprint.com/article_display.cfm?article_id=2430

    Wichita Falls, TX

    http://newsroom.sprint.com/article_display.cfm?article_id=2431

     

    Additionally, earlier sprint announced the several Chicago suburbs now had LTE service up and running.

     

    http://newsroom.sprint.com/article_display.cfm?article_id=2432

    • Like 1

    Sprint to take control of Clearwire

    in General Topics

    Posted

    So if I'm readin the SEC filings right, and they're not the clearest things in the world to read, Sprint paid roughtly $100 million for 5% economic interest and 2.3% control interest to Eagle River. That gives sprint a 55% economic interest in CLWR and 50.4% controlling interest. Lots cheaper than buying the Company outright.

     

    http://www.sec.gov/Archives/edgar/data/101830/000119312512426578/d424777dsc13da.htm

     

    Interesting that SoftBank's lenders were requiring that control of Clearwire be part of this deal.

     

    http://online.wsj.com/article/SB10000872396390444868204578063151759878238.html

     

    From WSJ:

    Softbank agreed to buy a 70% stake in Sprint in a deal announced on Monday. As a condition of the $20 billion in financing required for the deal, Softbank's lenders sought assurances that Sprint would be able to control Clearwire, people familiar with the matter said.

    Sprint to take control of Clearwire

    in General Topics

    Posted

    How do you see that possibility occurring?

     

    The reason that Sprint originally reduced it's stake in clearwire below 50% was that it didn't want to be responsible for Clearwire's debt load. They had their own to worry about and didn't want to get saddled with billions more. I guess that's not a big concern anymore, but it you never know.

    Sprint to take control of Clearwire

    in General Topics

    Posted

    I hate that WSJ makes you pay to view their articles....... and it still has ads

     

    True, but if you only read occasional articles you can get around it. If you search for the article headline in google you will get link to the full article. There's probably a limit to the number of articles you can read from a given computer, but I've yet to hit it.

    MetroPCS shareholders file lawsuit to block Tmobile merger

    in General Topics

    Posted

    Practically every time a merger happens there are "shareholder" lawsuits that get filed. It's always people who claim that the company was sold for less than it was worth or that management didn't consider other better offers. And as in most other lawsuits it's just about some lawyers to trying to score some easy bucks through a settlement offer with the companies involved.

    • Like 1

    Sprint announces 20 additional LTE cities where work has commenced

    in Network, Network Vision/LTE Deployment

    Posted

    Looks like they're just announcing cities where LTE has started. This is in addition to the 100s of cities they announced earlier.

     

    http://finance.yahoo...-140000991.html

     

    The 4G LTE Network build is under way in the following additional areas:
    • San Francisco-San Mateo-Redwood City, CA
    • Cape Coral-Ft Meyers, FL
    • Dyersburg-Union City-Martin, TN
    • Emporia, KS
    • Fort Wayne, IN
    • Greenwood, MS
    • Joplin, MO
    • Kokomo, IN
    • Lafayette/West Lafayette, IN
    • Lexington Park, MD
    • Marion, IN
    • Napa, CA
    • Naples-Marco Island, FL
    • Ottawa-Streator, IL
    • Punta Gorda, FL
    • Santa Rosa-Petaluma, CA
    • Sarasota-Bradenton, FL
    • Sebring, FL
    • South Bend-Mishawaka, IN
    • Terre Haute, IN
    • Vallejo-Fairfield, CA
    • Warsaw, IN

    • Like 3

    All Sprint acquisition discussion (was "Japan's Softbank in talks for $12.8 bln Sprint stake")

    in General Topics

    Posted

    While my initial reaction was "this strengthens competition in the US wireless market, it should be a piece of cake to approval wise".... I'm skeptical that Newco or ATT, at a minimum, won't try to raise regulatory concerns about the transaction.

     

    I'm sure they'll voice objections about why it shouldn't go through. They're just not going to going to have any ammo to actually stop it.

    • Like 1

    All Sprint acquisition discussion (was "Japan's Softbank in talks for $12.8 bln Sprint stake")

    in General Topics

    Posted

    Supposedly SoftBank was trying to do this since this summer. It was originally planned to be a merge of DT's T-Mobile USA and Sprint, then SoftBank would've had a majority stake in the combined entity, in which DT would have an minority(in which they could sell as wanted).

     

    DT bailed due to Anti-trust concerns.

    http://video.cnbc.co...ideo=3000121813

     

    So do we think that Sprint's Board met last week to talk about a counter offer for MetroPCS? Maybe they were meeting to decide whether to go forward with the SoftBank deal without TMo and D-T? The metro deal provided good cover.

    All Sprint acquisition discussion (was "Japan's Softbank in talks for $12.8 bln Sprint stake")

    in General Topics

    Posted

    On what grounds? This would be an equity investment, not an acquisition. And it would have no effect on competition in the US market.

     

    AJ

     

    We're talking about buying up 2/3 of the Company. I don't think Softbank would pump in that kind of money and then say do whatever you want. They're going to want control. If this does go through I'll be interested to see if Hesse stays on to run the U.S. operations (formerly Sprint-Nextel).

    All Sprint acquisition discussion (was "Japan's Softbank in talks for $12.8 bln Sprint stake")

    in General Topics

    Posted

    If it happens, would the big two fight this in any significant fashion?

     

    Sent from my TITAN X310e using Board Express

     

    I don't know what grounds there would be to fight it? It's not eliminating a competitor. In fact it would probably make one stronger. If it was a Chinese cellular company I could see arguments about national security being made. I don't think we have any fear of the japanese taking over right?

    All Sprint acquisition discussion (was "Japan's Softbank in talks for $12.8 bln Sprint stake")

    in General Topics

    Posted

    And we now have official confirmation of deal talks from Sprint.

     

    http://blogs.wsj.com...r/?mod=yahoo_hsc

     

    Sprint Confirms Discussions with Softbank on a Possible Transaction

    OVERLAND PARK, Kan. (BUSINESS WIRE), October 11, 2012 – Sprint (NYSE: S) today confirmed that it is currently engaged in discussions with Softbank regarding a potential substantial investment by Softbank in Sprint. Although there can be no assurances that these discussions will result in any transaction or on what terms any transaction may occur, such a transaction could involve a change of control of Sprint. Sprint does not intend to comment further unless and until an agreement is reached.

     

    Edit: I see several of you had the same idea. lol.

    All Sprint acquisition discussion (was "Japan's Softbank in talks for $12.8 bln Sprint stake")

    in General Topics

    Posted

    Is it that they just want a pressence in this market? Sprint should take note of Verizon and Vodafone relationship and how they can't get rid of each other.

     

    So far VZW is working well for them. I'm sure Verizon and Vodafone would like to have 100% of the pie for themselves but it's made them a boat load of money.

     

    I'm sure Sprint would be happy to have a similar problem.

    • Like 1

    All Sprint acquisition discussion (was "Japan's Softbank in talks for $12.8 bln Sprint stake")

    in General Topics

    Posted

    Why would there need to be technical compatibility for this to make sense? If it is a financial investment does technical compatibility really matter? If they see a chance to make a diversified financial investment in another country, can acquire a financially struggling carrier at a good price but a carrier that seems to have a strong plan for technical improvement, then why not? I don't see technical compatibility between the two countries to be an issue at all. Unlike a domestic merger where the goal is consolidation, increased leverage with suppliers, and cost reductions on the overhead side, this deal would seem to be all about an ROI on investment.

     

    Because part of the stated rationale is that this allows them to attain better scale for product purchases and networking equipment. I would think that's only a reasonable assumption if there is some commonality between the two (or three) companies.

     

    http://uk.reuters.com/article/2012/10/11/us-sprint-softbank-idUKBRE89A0I520121011

     

    Japanese media said buying Sprint - which competes in the United States against Verizon Wireless (VZ.N) (VOD.L) and AT&T Inc (T.N) - would make it cheaper for Softbank to procure smartphones and other mobile devices.

    All Sprint acquisition discussion (was "Japan's Softbank in talks for $12.8 bln Sprint stake")

    in General Topics

    Posted

    Does anyone remember what SK Telecom's offer to Sprint was back when Forsee left? I seem to remember they wanted control of the board , not sure if there was every an amount attached to it. Would be interesting to compare the two.

     

    Although this comment is baseless, its possible a huge investment like this would cause NV expansion into areas where iden service is being shuttered with no plans to continue cdma/lte.... it could also fund a nice expansion into areas sprint doesn't for see having cash to be at ever. To be a fly on the wall and see what Softbank has in mind for sprint...

     

    Only article I found in reference to an investment was from WSJ. It mentions that a $5 billion investment offer made by SK which was rejected by Sprint. Then they tried to work out another type of alliance.

     

    http://online.wsj.co...0294655639.html

     

    Sprint Nextel, SK Telecom Weigh Alliance

     

    July 16, 2008

     

     

    South Korea's SK Telecom Co. and U.S. wireless carrier
    Sprint Nextel
    Corp.
    S +1.79%
    are in preliminary talks to form a strategic partnership to develop new handsets and services, people familiar with the matter said.

    The companies have discussed the idea of SK Telecom making a minority investment in Sprint, but they aren't discussing an outright merger, the people said. Last fall, Sprint rejected a $5 billion investment offer by SK Telecom and Providence Equity Partners.

    Any investment resulting from the current talks would likely be smaller, the people said. Sprint has a market capitalization of $26 billion, roughly double SK Telecom's market capitalization of $13.8 billion.

     

    I just don't really understand the need for it from Softbank's side? They're a GSM carrier in the Japan. They use a different LTE frequency (2100Mhz). They acquired another japanese carrier earlier this month who provides LTE over 1800Mhz. Don't get it.

    All Sprint acquisition discussion (was "Japan's Softbank in talks for $12.8 bln Sprint stake")

    in General Topics

    Posted

    I agree, they're getting the bargain of a century if they get a majority stake in Sprint for 12 billion... IF they pump money into Sprint's assets and network and revolutionize it with the grocery bags full of money Sprint needs!

     

    My dark little heart skipped a beat when I saw this headline this morning... but hey, Sprint's legacy is more guaranteed if this happens. Or, perhaps it creates a bidding war for Sprint?

     

    Who would be bidding? Verizon and AT&T aren't going to make offers. The Government's made their position pretty clear on that. A european carrier maybe? Haven't heard any rumblings about that. But then again, this sort of comes out of the blue too.

    T-Mobile/MetroPCS Merger

    in General Topics

    Posted

    I just can't comprehend paying for prepay customers. I imagine churn is quite high on Metro, I know it is on T-Mo. And given that churn is so high, Sprint can easily grow just by taking dissatisfied customers from this combined entity.

     

    I think you've two issues at work here. One is that T-Mobile's parent wants to minimize it's exposure to the US wireless market. This helps since now it won't be solely bearing the financial burden of the new Company. And it can eventually sell off or reduce its stake in the Company in the future. Second, T-Mobile is acquiring AWS spectrum which pairs well with the Spectrum it already holds. I believe in the deal announcement the T-Mo exect said this lets them use a 20x20 block of spectrum for LTE in a lot places now.

     

    Bottom line is that they didn't buy Metro just to pick up the customers.

    • Like 1
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