Sprint has been promising a monster of a 4G network for years, but it’s failed to deliver. CEO Dan Hesse says that Sprint still maintains its mobile broadband ambitions, it’s just taking longer to realize them.
Signals from the U.S. Justice Department and the Federal Communications Commission are making Sprint(s s) and its SoftBank owners reconsider any possible bid for rival T-Mobile(s tmus), the Wall Street Journal reported Sunday. Merging two of the four remaining nationwide mobile carriers was always going to be a difficult sell, but the Journal reports that Sprint CEO Dan Hesse and SoftBank CEO Masayoshi Son were surprised at the amount of resistance they encountered in recent talks with regulators. New FCC Chairman Tom Wheeler has told Gigaom he doesn’t want to see the current level of mobile competition in the U.S. reduced. That doesn’t rule a Sprint-T-Mo deal out entirely, but it doesn’t look good either.
This summer had a lot of milestones for Sprint, some good, some bad. It closed its deals with SoftBank and Clearwire, and began a massive network transformation, but it also lost a lot of customers in process.
Sprint pulled the plug on its old Nextel iDEN network in Q2 triggering a huge exodus of customers. With new spectrum from Clearwire and new capital from SoftBank, though, the rest of the year looks brighter.
In 2008 Sprint promised to build a network that would change the face of the U.S. mobile industry. It never delivered. Now that SoftBank has reinvigorated the carrier, it’s time to hold Sprint to its word.
It’s finally over. SoftBank announced Wednesday it has officially closed its majority acquisition of Sprint. Sprint now emerges as an invigorated operator with $5 billion to play with.
If Clearwire shareholders give the thumbs up on Monday, Sprint and SoftBank are home free. They could have this merger wrapped up in a matter of a weeks.
Sprint needed a national security director to keep eye on its soon-to-be owner SoftBank. So it picked a doozy of a candidate: Retired Admiral and former Chairman of the Joint Chiefs of Staff Mike Mullen.
Softbank certainly has the money to counter Dish’s offer, but Dish has much more to offer than cash, namely valuable spectrum and a huge TV network.
Forget financial metrics and economies of scale. If Softbank succeeds in taking over Sprint this year, we just want to see one thing: Softbank’s bizarre but highly entertaining TV advertising on U.S. screens.