That’s not a new idea. Sprint previously tried to merge with T-Mobile , only dropping the idea when federal regulators made it clear such a move would not be allowed.
Category: SoftBank
Sprint is Trying to Sell Trump on a Comcast or T-Mobile Merger –
Sprint and Softbank boss Masayoshi Son met with the Trump administration last month to sell the administration on a megamerger between Sprint and either T-Mobile or Comcast, notes the New York Times . In presentations to the Trump camp, Softbank executives made the case that “because of a lack of advanced digital investments,” the competitiveness of the United States economy was at risk.
FCC Will Return to – Light-Touch’ Regulation, Chairman Says
The Federal Communications Commission will return to “light-touch” regulation to maximize investments in broadband, Chairman Ajit Pai said at the Mobile World Congress in Barcelona. “Our approach will be not zero regulation but light-touch regulation,” Pai said onstage Tuesday at the annual industry event.
SoftBank Said to Be in Talks to Combine OneWeb With Intelsat
SoftBank Group Corp., the technology giant controlled by billionaire Masayoshi Son, is in talks to merge the satellite startup it’s backing, OneWeb Ltd., with satellite provider Intelsat SA, according to people familiar with the matter. A deal is conditioned on setting aside money to purchase Intelsat bonds from investors at a price higher than their trading prices last week, though that would still be below par value, said the people, who asked not to be identified discussing private information.
SoftBank Said to Be in Talks to Merge OneWeb With Intelsat
SoftBank Group Corp., the technology giant controlled by billionaire Masayoshi Son, is in talks to merge the satellite startup it’s backing, OneWeb Ltd., with satellite provider Intelsat SA, according to people familiar with the matter. A deal is conditioned on setting aside money to purchase Intelsat bonds from investors at a price higher than their trading prices last week, though that would still be below par value, said the people, who asked not to be identified discussing private information.
SoftBank, Foxconn Set Up $1.2 Billion Joint Venture Amid U.S. Investment Drive
SoftBank and Foxconn said Friday that the two companies have formed a joint venture that could be worth $1.2 billion as the tech group plans a series of U.S. expansions. SoftBank of Japan and Apple supplier Foxconn said Friday that the two companies have formed a joint venture that could be worth $1.2 billion as the tech group plans a series of U.S. expansions that could create tens of thousands of jobs.
Samsung rivals to set the tone at Mobile World Congress
Samsung rivals to set the tone at Mobile World Congress Samsung’s decision to hold off launching the next Galaxy phone clears the way for others. Check out this story on USATODAY.com: http://usat.ly/2mdQa1e A woman reacts as she uses a new Samsung Gear 360, a 360-degree camera, at the Mobile World Congress.
T-Mobile stock climbs on report SoftBank open to Sprint combination
The stock of Bellevue-based T-Mobile US rose 5.5 percent Friday following a report that SoftBank would be willing to give up control of Sprint if it would help cement a potential merger of the two mobile-phone carriers. The stock of Bellevue-based T-Mobile US rose 5.5 percent Friday following a report that SoftBank Group would be willing to give up control of Sprint if it would help cement a potential merger of the two mobile-phone carriers.
T-Mobile Has a Lot of Negotiating Power in Any Merger Talks with Sprint
Since then, T-Mobile has punched a giant hole in that argument by steadily delivering profitable growth and share gains, and forcing its rivals to respond with major discounts. In addition to giving deal opponents a big talking point, the self-proclaimed “Un-Carrier’s” financial success gives it a lot of bargaining power should it choose to pursue a tie-up with a rival that still faces its share of issues.
Exclusive: SoftBank willing to cede control of Sprint to entice T-Mobile – sources
Japan’s SoftBank Group Corp is prepared to give up control of Sprint Corp to Deutsche Telekom AG’s T-Mobile US Inc to clinch a merger of the two U.S. wireless carriers, according to people familiar with the matter. The logo of U.S. mobile network operator Sprint Corp is seen at a Sprint store in San Marcos, California August 3, 2015.
SoftBank to Buy Fortress Investment Group for $3.3 Billion
SoftBank Group Corp. is buying alternative-asset manager Fortress Investment Group LLC for $3.3 billion in cash to operate alongside the Japanese company’s soon-to-be-established technology investment fund. Japan’s SoftBank will pay $8.08 a share for New York-based Fortress, a 39 percent premium to the company’s Feb. 13 closing price, according to a statement Tuesday.
SoftBank Doubles 9-Month Profit; Hails Ongoing Sprint Turnaround
SoftBank said its nine-month profit doubled from last year as the Japanese wireless carrier enjoyed boosts from its domestic broadband business and noted a turnaround at U.S. Sprint. SoftBank said its nine-month profit doubled from the same period last year as the Japanese wireless carrier enjoyed boosts from its domestic broadband business and a turnaround at is U.S. Sprint division.
SoftBank quarterly profit soars on investment empire
Japanese telecommunications, internet and solar company SoftBank Group Corp. reported Wednesday that its October-December profit soared to about 40 times what it was a year ago. Tokyo-based SoftBank’s fiscal third quarter profit totaled 91.2 billion yen up dramatically from 2.3 billion yen in 2015.
Sprint Proves Critical Customer Growth Ahead of Possible Deal
Sprint Corp. garnered more wireless customers and revenue than expected last quarter, showing progress in its turnaround ahead of an expected consolidation of the industry under President Donald Trump. Sprint completed its second straight year of subscriber growth after signing up 405,000 new users in the all-important holiday shopping season, more than the 389,778 analysts were expecting.
Foxconn Considering $7 Billion U.S. Investment For Flat Panel Display Production
Apple supplier Foxconn is considering a $7 billion investment that would establish a U.S.-based LCD display manufacturing hub that could create as many as 50,000 new jobs. Apple supplier Foxconn said Sunday it is considering a $7 billion investment that would establish a U.S.-based LCD display manufacturing hub that could create as many as 50,000 new jobs.
Foxconn Billionaire Said to Assuage China About U.S. Plans
Foxconn Technology Group Chairman Terry Gou has moved to reassure China’s government the Apple Inc. assembler remains committed to the country even as it expands U.S. operations when President-elect Donald Trump takes office, people familiar with the matter said. A high-ranking Chinese official recently expressed Beijing’s concerns to Gou, the people said, asking not to be identified because the conversation was private.
SoftBank’s Son Cedes to Murdoch as Top India Home Portals Merge
Indian real-estate websites PropTiger.com and Housing.com are merging to create the country’s top portal for residential listings and property services, as Rupert Murdoch’s News Corp. boosts its investment in the growing sector while Masayoshi Son’s SoftBank Group Corp. scales back. REA Group Ltd., an Australian real-estate company controlled by News Corp., is putting $50 million into the new joint entity, while a SoftBank-owned affiliate is investing $5 million.
SoftBank Fund Said to Draw Up to $15 Billion From Mubadala
Abu Dhabi’s Mubadala Development Co. is considering committing $10 billion to $15 billion to partner with SoftBank Group Corp. and Saudi Arabia’s Public Investment Fund in a new vehicle to invest in global technology, according to people familiar with the matter.
Apple to Invest $1 Billion in SoftBank Fund to Support Tech
Apple Inc. is planning to invest $1 billion in SoftBank Group Corp.’s giant new technology fund, adding its name to a growing list of interested parties and giving the iPhone maker a new avenue to tap up-and-coming technologies. Qualcomm Inc. also said it will participate in the fund, but the terms and the amount of its investment are still under discussion.
A New York Times editorial: Sprint and Trump’s fictional jobs
President-elect Donald Trump would like everybody to believe that his election is energizing the economy by forcing businesses to create thousands of jobs in the United States. And companies like Sprint seem perfectly happy to go along with this fiction because they know they can profit handsomely by cozying up to Trump.
New York Times: Corporations Help Themselves by Playing Along With Trump
American companies are playing along with President-elect Donald Trump’s claims that he is forcing businesses to create jobs in the U.S. in order to benefit themselves, The New York Times editorial board claims . In a Monday editorial, the board wrote, “President-elect Trump would like everybody to believe that his election is energizing the economy by forcing businesses to create thousands of jobs in the United States.
Trump Seeks Credit for 5,000 Sprint Jobs Already Touted
U.S. President-elect Donald Trump sought credit for Sprint Inc.’s commitment to create or bring back 5,000 jobs that the carrier says are part of broader U.S. hiring plans previously announced by Japan-based parent SoftBank Group Corp. Trump said SoftBank Chairman Masayoshi Son was among those behind the move to add workers. The Japanese billionaire, who Trump calls “Masa,” said earlier this month that he intends to invest $50 billion in the U.S. using a previously announced technology fund, creating 50,000 jobs.
Could Apple Supplier Foxconn Be Signalling U.S. Expansion Plans With LCD Move?
Foxconn takes a controlling stake in Sakai Display, which could signify the company’s LCD TV intentions as Trump boasts of SoftBank job creation. Terry Gou, the founder of A pple supplier Foxconn , could be moving closer to defining his U.S. expansion strategy with a tighter grip on a key LCD maker just as friendly rival Masayoshi Son’s $50 billion American investment pledge begins to take shape.
Stock Face-Off: Verizon Communications Inc. vs. Sprint Corp.
In an industry where economies of scale play a deciding role, this is a massive business advantage for Big Red. The company can strike billion-dollar deals without breaking a sweat, take large business risks without betting the farm, and negotiate from a position of cash-backed strength.
Trump touts thousands of new jobs in deal with SoftBank CEO
President-elect Donald Trump says wireless carrier Sprint Corp will bring 5,000 jobs back to the United States. President-elect Donald Trump announced Wednesday that he has reached a deal with SoftBank chief executive Masayoshi Son that would generate thousands of jobs in the United States, the latest in a string of unusually direct negotiations between Trump and corporate America.
Why 2017 Is the Year to Invest in IoT Stocks
Investors have likely heard a lot about the Internet of Things . The term refers to the connection of formerly unconnected things to the Internet, so that they can collect data or automate processes.
SoftBank Inks First Deal After Trump Talk Spurs 3,000 Jobs
SoftBank Group Corp. Chief Executive Officer Masayoshi Son told President-elect Donald Trump this month he would create 50,000 jobs in the U.S. Money for the first 3,000 positions was announced on Monday. Satellite startup OneWeb Ltd. said it raised $1.2 billion from SoftBank and existing investors, with the Japanese technology company providing $1 billion.
Softbank invests $1bn in space satellite startup OneWeb
Softbank founder Masayoshi Son said it was the “first step” in a pledge made to US President-elect Donald Trump about US investment. Earlier this month Mr Son met Mr Trump and said he would put $50bn into US businesses and create 50,000 jobs over the next four years, Florida-based OneWeb, which is a direct rival to Elon Musk’s SpaceX, is now estimated to be worth around $2.5bn following its latest funding round.