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Stock Market & Financial Investment News

News Breaks
February 1, 2013
05:53 EDTSFTBF, S, VODSoftbank CEO says Sprint deal will initially be a drag on earnings, WSJ reports
The Japanese mobile carrier Softbank Corp. (SFTBF) said its planned $20.1B deal for 70% of Sprint Nextel (S), expected to close by mid-year, will be a drag on earnings in the coming fiscal year before contributing to profits two years later, reports the Wall Street Journal. Softbank CEO Masayoshi Son said that's because of depreciation costs tied to the closing of Nextel's old 2G network and Sprint's plans to accelerate capital spending to build out its infrastructure.Reference Link
News For S;SFTBF;VOD From The Last 14 Days
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January 23, 2015
09:04 EDTSSprint guarantees T-Mobile customers $200 minimum trade in value for smartphones
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January 22, 2015
19:40 EDTSGoogle's entrance into telecommunications may not be beneficial, Re/code says
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January 21, 2015
16:28 EDTSGoogle to launch phone service with Sprint, T-Mobile, The Information says
Google (GOOG, GOOGL) is expected to reach deals to buy wholesale access to Sprint (S) and T-Mobile’s (TMUS) voice and data networks in order to sell mobile phone plans directly to customers, according to The Information, citing three people with knowledge of the plans. Google, which may put itself into competition with carrier leaders Verizon (VZ) and AT&T (T) with the new service, "seems likely" to launch the offering this year, according to the report. Reference Link
January 20, 2015
06:24 EDTST-Mobile warns of unsustainable costs against cellphone giants, Re/code says
T-Mobile (TMUS) owner Deutsche Telekom (DTEGY) claims Verizon (VZ) and AT&T's (T) wealth makes true competition difficult, reports Re/code, citing statements made at Germany's DLD conference. Deutsche Telekom CEO Tim Hoettges stated the dominance of AT&T and Verizon allowed them to make huge bids at the latest midband spectrum auction to further their market lead. Hoettges also stated he was "intrigued" by last year's unsuccessful merger talks with Sprint (S), and warned that T-Mobile's $4B-$5B investment requirements per year are unsustainable. Reference Link
06:06 EDTSFTBFDreamWorks planning to lay off 'substantial' number of staff, LA Times reports
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January 18, 2015
17:19 EDTVODDeutsche Telekom plans to raise spending on German operations, Bloomberg says
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January 16, 2015
11:42 EDTSSprint announces expansion of Sprint Lease program
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10:12 EDTSSprint unit Virgin Mobile to offer no contract data sharing plans
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January 15, 2015
15:33 EDTSRadioShack in talks for bankruptcy loan with lenders, Bloomberg says
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06:17 EDTVODVodafone CTO Steve Pusey to retire, Johan Wibergh appointed as successor
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