News
Japanese carrier SoftBank to buy 70% of Sprint
Japanese carrier SoftBank is buying a 70% interest in U.S. carrier Sprint for $20.1 billion, as announced at a Tokyo press event. The deal is expected to close in mid-2013, during which time SoftBank will purchase $8 billion in new shares and $12.1 billion in existing shares from Sprint.
The two companies will have the third-highest mobile service revenue of any company, and the combined subscriber base will be one of the world’s largest. Sprint’s Dan Hesse will remain CEO of the new Sprint, and notes that the deal will allow Sprint to build out its LTE network, which has struggled by comparison with Verizon’s and AT&T’s growing LTE footprints. [via The Verge]
Related Stories
- Tony Fadell to oversee restructured Google Glass project
- Bluetooth SIG announces Bluetooth 4.2
- Verizon sponsoring ad-free listening to all U.S. iTunes Radio users
- T-Mobile required to fully disclose throttled data speeds
- Steve Jobs biopic picked up by Universal, Fassbender to star
- Google settles patent litigation with Apple’s Rockstar consortium
Comments
If you have a comment, news tip, advertising inquiry, or coverage request, a question about iPods/iPhones/iPad or accessories, or if you sell or market iPod/iPhone/iPad products or services, read iLounge's Comments + Questions policies before posting, and fully identify yourself if you do. We will delete comments containing advertising, astroturfing, trolling, personal attacks, offensive language, or other objectionable content, then ban and/or publicly identify violators.
Recent News
- iLounge Weekly comes out Monday, subscribe now
- Verizon to allow users to opt out of web tracking ‘supercookies’
- Apple releases iTunes 12.1 update, adds Notification Center widget
- Chinese Government may require Apple to build ‘back door’ into iPhones
- Notes from Apple’s Q1 2015 earnings call
- Cook: Apple Watch shipping in April
- Apple Q1 2015: Record $74.6B revenue, 74.5M iPhones, 24.4M iPads
- Apple Pay support coming to more vending machines, kiosks, parking meters
- Apple releases iOS 8.1.3
- Apple TV adds 120 Sports channel
Recent Reviews
- RooCase ORB Tablet System
- Harman Kardon Soho Wireless Headphones
- Odoyo Power+Shell EX Rechargeable Battery Case for iPhone 6
- Patriot Memory Fuel iON Magnetic Charging Case with Charging Pad for iPhone 6
- Lenmar Maven Battery Case for iPhone 6
- STM Studio for iPad Air 2
- VSN Mobil V.360 Camera
- Booq Booqpad for iPad Air 2
- Incipio offGRID Express for iPhone 6
- Incipio Tuxen for iPad Air 2
Recent Articles
- How do I turn off Reachability on the iPhone 6 Plus?
- How do I get a phone number on iMessage?
- Can I share in-app subscriptions among family members?
- Can I cancel or ‘unsend’ sent iMessages?
- Ten Things You Didn’t Know About Apple’s HomeKit
- Reorganizing files in the iTunes Media Folder
- Exchange text messages between two iPhones with no cellular data plan
- The Booths of the iProducts Marketplace at CES 2015
- Hands-on with CarPlay at CES 2015
- iLounge announces its CES 2015 Best of Show Awards
