|December 17, 2012|
|06:30 EDT||S||Sprint CEO calls Nextel merger 'a mistake,' GigaOM reports|
In an interview with GigaOM, Sprint (S) CEO Dan Hesse said that "with 20/20 hindsight," the merger with Nextel was "a mistake. The synergies, if you will, that we had hoped for and planned for didn’t materialize." Reference Link
News For S From The Last 14 Days
|April 14, 2015|
|10:51 EDT||S||Google to sell mobile phone plans directly to customers, The Information reports|
Google (GOOG) is looking to sell mobile phone plans directly to customers while managing their calls and mobile data over a cellular network, reports The Information. According to people with knowledge of the plans, the new service is expected to run on Sprint (S) and T-Mobile (TMUS) networks. Google expected to reach deals to buy wholesale across to those carriers' networks. A launch this year seems likely. Reference Link
|April 13, 2015|
|06:06 EDT||S||Sprint introduces Sprint Direct 2 U service|
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|April 12, 2015|
|19:21 EDT||S||Sprint introduces free international roaming|
In a press release Friday, Sprint introduced "International Value Roaming," giving customers the ability to travel to areas in Latin America, Europe and Japan and roam with up to 2G speeds to read emails and surf the web at no additional charge. Additionally, they can send unlimited text messages for no extra charge, and they can call for 20c per minute. Eligible countries for International Value Roaming are Argentina, Brazil, Chile, Costa Rica, El Salvador, Germany, Guatemala, Japan, Mexico, Nicaragua, Panama, Russia, South Korea, Spain and the United Kingdom. Customers looking for higher data speeds can choose from three "International Speed Data Roaming options" offering up to 3G network speeds for one-day, seven-day and 14-day passes, starting at $15.
|April 10, 2015|
|05:59 EDT||S||Sprint to pay $15.5M to settle DOJ wiretap overcharging case|
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|April 9, 2015|
|12:14 EDT||S||Sprint store announcement a positive, says Wells Fargo|
Wells Fargo views Sprint's announcement of opening 1,435 Sprint-RadioShack stores starting tomorrow as a positive. Wells believes the stores are in attractive locations across the country and that Sprint continues to focus on attracting higher credit quality customers. It keeps an Outperform rating on the name.
|11:02 EDT||S||Sprint to open 1,435 Sprint-RadioShack stores tomorrow|
Sprint says it will more than double its company-owned retail footprint tomorrow by opening 1,435 Sprint-RadioShack stores. In last week’s transaction, General Wireless, an affiliate of Standard General LP, acquired 1,743 RadioShack stores. Sprint has agreed with Standard General to be co-tenants in 1,435 of those stores, with Sprint being the primary brand in marketing materials and signage. Sprint will occupy roughly one third of the retail space at these existing RadioShack locations. The phone carrier added, "The expansion of Sprint’s retail stores also means significant opportunities for the company to invest in local communities by adding nearly 3,500 new jobs. In the coming months, Sprint will actively recruit a skilled workforce to fill quality full- and part-time positions, helping to make local communities stronger."
|April 8, 2015|
|06:06 EDT||S||Softbank downsizing Silicon Valley presence, WSJ reports|
SoftBank (SFTBF) has reduced its presence in Silicon Valley, relocating some employees to Japan and subsidiary Sprint's (S) headquarters in Kansas, The Wall Street Journal reports. The move to downsize comes after Sprint's failed bid to acquire T-Mobile US (TMUS) last year. Reference Link
|April 6, 2015|
|06:45 EDT||S||Qualcomm downgraded to Market Perform from Outperform at FBR Capital|
FBR Capital downgraded Qualcomm (QCOM) to Market Perform, removed the stock from its Top Picks list and dropped its price target for shares to $72 from $80. FBR said the moves were prompted by a posting on AT&T's (T) website which said the carrier’s version of the GS6 smarphone is powered by the Samsung Exynos 7420 processor with a Shannon 333 modem as opposed to Qualcomm's Snapdragon platform. FBR still expects the Verizon (VZ) and Sprint (S) GS6 versions to sport Qualcomm modems, but it believes the change at AT&T signals Samsung’s "clear intent to utilize proprietary baseband whenever and wherever possible." Shares of chip maker Qualcomm closed Thursday down $1.46 to $67.97.