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   Technology StocksSprint Nextel Corporation (S)


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From: zax10/11/2012 2:00:54 PM
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Sprint Nextel Corp. (S)-NYSE
5.65 0.61(12.10%) 1:58PM EDT - Nasdaq Real Time Price


Nikkei: SoftBank in talks to acquire Sprint for $20 billion [updated]
By: Zach Epstein | Oct 11th, 2012 at 07:23AM

bgr.com



Why is Sprint ( S) suddenly less interested in MetroPCS ( PCS)? According to a report from Nikkei on Thursday, it’s because Japanese carrier SoftBank is in talks to acquire the United States’ third largest carrier for approximately 1.5 trillion yen, or $19.22 billion. Additional details are limited and Nikkei’s report does not cite any sources. SoftBank acquired rival Japanese carrier eAccess earlier this month, and is rumored to be working on additional deals.

UPDATE: The Associated Press is now reporting Sprint has confirmed that it is in talks with SoftBank regarding a “substantial investment” in the company.

UPDATE 2: Sprint CEO Dan Hesse sent the following memo, which was obtained by Business Insider, to Sprint employees:

Dear Sprint teammates,

A few minutes ago we put out a statement indicating that Sprint is in discussions with Softbank regarding a potential transaction. The transaction could include a substantial financial investment by Softbank in Sprint and could include a change in control of the company. This transaction may or may not occur. I wanted to let you know about the possibility. We will keep you updated. Most importantly, please stay focused on delivering strong fourth quarter results.

Thanks for all you do for Sprint,

Dan

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From: Sr K2/28/2013 1:59:25 AM
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Compare to what Apple is doing with its cash.

bloomberg.com

Softbank’s Son Saves $2 Billion Hedging Sprint Deal
By Mariko Yasu & Grace Huang - Feb 27, 2013 9:20 PM ET

Masayoshi Son became Japan’s second- richest man by knowing when to take a risk. He also knows how to avoid one.

The chairman of Softbank Corp. (9984) hedged the company’s $20 billion purchase of Sprint Nextel Corp. (S) by fixing the cost of dollars needed for the acquisition at 82.2 yen each. The move will save him at least $2 billion as the yen has weakened about 15 percent since the deal was announced Oct. 15.

“The yen’s move was very fast, so Softbank’s hedge is outstanding,” said Kimihiko Tomita, head of foreign exchange in Tokyo at State Street Bank & Trust Co. “They moved rather quickly to get the dollar at that rate.”

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From: zax4/15/2013 11:26:32 AM
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Dish Network Makes $25.5 Billion Bid for Sprint Nextel

dealbook.nytimes.com



7:41 a.m. | Updated

The pay-TV operator Dish Network said on Monday that it had submitted a $25.5 billion bid for Sprint Nextel.

The move is an attempt to scupper the planned takeover of Sprint Nextel by the Japanese telecommunications company SoftBank, which agreed in October to acquire a 70 percent stake in the American cellphone operator in a complex deal worth about $20 billion.

</snip>

Read rest here: dealbook.nytimes.com

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From: Sr K12/2/2014 5:38:25 PM
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wsj

Dec. 2, 2014 10:16 a.m. ET

Sprint kicked the wireless industry’s price war up a level Tuesday, saying it would let subscribers pay half of what they are paying to AT&T or Verizon in perpetuity if they switch from those carriers.

online.wsj.com

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From: more10011/3/2015 9:02:49 AM
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Sprint ($S) reported a narrower loss for its third quarter but lower revenues. The company said it plans to achieve a sustainable reduction of $2 billion or more of run rate operating expenses in fiscal 2016, excluding any transformation program costs to achieve that run rate benefit.

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From: Sr K2/23/2017 9:02:11 PM
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on Briefing.com

7:08 pm Sprint, SoftBank ( SFTBY), TBCASoft partner in blockchain technology for telecom carriers ( S) : Starting June 2017, the three companies aim to commence a technical trial that connects TBCASoft's blockchain platform to telecommunication carriers' systems. The three companies will collaborate closely on issues related to technology, business and the regulations of various jurisdictions.

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From: more1005/22/2017 4:11:29 AM
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I hope everybody had a good weekend.TMUS I guess you people too. Let's make a deal and be happy campers lol. Good luck this week peeps

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From: MorganBucks5/24/2017 10:00:50 AM
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First Arm now this:SoftBank bets on AI with $4bn stake in Nvidia

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From: Glenn Petersen9/23/2017 9:18:00 PM
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Sprint (and Softbank) are reported to be in serious merger discussions with T-Mobile:

Exclusive: T-Mobile, Sprint close to agreeing on deal terms - sources

Message 31276131

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From: Sr K4/29/2018 6:15:17 PM
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Apr 29, 2018
2:34 PM EDT

Sprint, T-Mobile Agree to $26 Billion Merger
T-Mobile parent would control combined firm, which will test antitrust regulators as 5G race heats up

… that, if allowed by antitrust enforcers, would leave the U.S. wireless market dominated by three national players.

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