SoftBank CEO Masayoshi Son will not directly call for a merger between SoftBank-owned Sprint and T-Mobile US in a speech in Washington on Tuesday, according to a Bloomberg report.
After months of speculation and rumour, the battle for SFR has finally begun. Vivendi announced late on Wednesday that it had received binding offers for the French mobile and fixed operator from both Numericable shareholder Altice and the Bouygues group.
Leap Wireless lost nearly 92,000 net customers in the fourth quarter, bringing its total customer base to just 4.55 million at the end of 2013. The prepaid carrier blamed the losses on increasing competition from nationwide operators, particularly T-Mobile US and its MetroPCS brand.
SoftBank CEO Masayoshi Son will outline his views on the state of the U.S. mobile industry during a speech next week that will likely be pored over for clues as to whether or how intensely SoftBank-owned Sprint will push for a deal with No. 4 player T-Mobile US.
A senior Orange executive said he believes developments in Internet of Things and wearable devices on display at the Mobile World Congress trade show in Barcelona are an opportunity for operators to reclaim credibility with consumers.
Nokia is thinking of combining its Nokia Solutions and Networks division with Juniper Networks to get a stronger foothold in the U.S. network equipment market, according to a report in Germany's Manager Magazin Online.
Comcast's just-announced $45.2 billion merger with Time Warner Cable could open the door for SoftBank CEO Masayoshi Son to push more forcefully for deal between Sprint and T-Mobile US. The Comcast-TWC merger might also benefit Verizon Wireless, which has been reselling services with each of the cable companies.
SoftBank CEO Masayoshi Son is now publicly pushing for a deal between Sprint and T-Mobile US, arguing that without consolidation no company can close the gap with Verizon Wireless and AT&T Mobility.
Sprint added 477,000 customers in the fourth quarter, defying analysts' expectations that it would lose subscribers. However, after posting its first quarterly net profit since 2007 in the third quarter, the company swung back into the red in the fourth quarter with a loss of $1.04 billion.
Sprint is close to securing $45 billion in debt financing from a group of banks to make a bid for T-Mobile US, according to a report from Dealreporter. However, a separate report from Bloomberg painted a more conservative view of the deal and said that top Sprint executives have not yet decided if they want to pursue a bid.