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SprintNextel posts

Sprint proves money can solve problems, buys iPCS to settle litigation

by Darren Murph posted Oct 19th 2009 at 1:48PM

Considering Sprint's financial position and the overall credit market, we're not exactly sure where the carrier managed to pick up $831 million, which it promptly used to acquire affiliate iPCS and take on $405 million of net debt. If you'll recall, the aforesaid youngin' was worrying papa way back in May of 2008, and it seems that Sprint has finally had enough of this whole "litigation" thing. The acquisition puts all of the court battling to rest (or at least it's expected to), enabling the operator to stop divesting its iDEN network in select iPCS markets. Money may not buy happiness, but it sure buys a good muzzle.

[Via Reuters]

Deutsche Telekom eyeing Sprint Nextel for acquisition?

by Ross Miller posted Sep 13th 2009 at 5:19PM

With T-Mobile UK and Orange now having to (potentially) learn to play nice, Deutsche Telekom is already looking ahead to its next big target: Sprint Nextel. According to a Telegraph report, the telecom giant, with an estimated value of $60.45 billion, has called in advisers from Deutsche Bank as it reportedly prepares to submit an offer to the $10.6 billion-valued Now Network within the next three weeks. The assimilation of Sprint and Deutsche Telekom subsidiary T-Mobile US under the same umbrella could give second-place AT&T a fight with a 78.2 million-strong customer base... but that said, we wouldn't anticipate any quick or smooth merger given the US carriers rely on substantially different bands (CDMA vs. GSM) for service. Hey, there's always WiMAX might come into play. Obviously there's a lot of unanswered questions here, but at this point it's all speculation given no actual offer has been thrown on the table -- and we bet Hesse will have some choice words on the matter. Keep an eye out on this one, things could very quickly get very, very interesting here.

[Thanks to everyone who sent this in!]

Sprint details proposed $14 million ETF class action settlement

by Donald Melanson posted Aug 11th 2009 at 3:04PM

It's a far cry from the $1.2 billion number that was bandied about at one point, but it looks like Sprint could still be taking a fairly sizable hit over those pesky early termination fees, at least if a proposed class action settlement plays out as it seems likely too. As Sprint itself announced today, the company's reached a $14 million settlement in the case, which will be placed in a common fund to be distributed accordingly to all the parties involved, which is where you come in (assuming you're a current of former Sprint, Nextel, or Sprint Nextel customer, that is). The short of it is that you can either sign on to the class action suit or opt out of it by hitting up the site linked below, and then you'll have to wait for the final approval hearing now scheduled for October 21st, which should actually settle the settlement once and for all. Details on the exact payout amounts to customers are buried in the documents on the settlement website, but it looks like the majority of customers will be receiving between $25 and $90 depending on their contract, plus some free bonus minutes.

Read - Sprint ETF Settlement website
Read - Sprint statement

[Thanks to everyone who sent this in]

Motorola's r765IS now available at Sprint, perfect for making Navy SEALs swoon with envy

by Tim Stevens posted Aug 7th 2009 at 9:28AM

You can take your frilly iPhones and pretty Pres and shove 'em, because Motorola's latest and, perhaps, beefiest handset is finally available at Sprint stores. The r765IS, announced back in April, is Mil Spec 810F rated, so no worries about dropping it -- even into a bucket of salt water -- and that IS on the end means "intrinsically safe," so dial away even if you should happen to be standing in a room full of explosive gas, as we've been known to do from time to time. It also supports rather less exciting Nextel Direct Connect, NextMail to send voicemail as e-mail attachments, GPS navigation, and a variety of emergency calling modes for cutting through the bla bla bla. It's a little less slinky looking than some other Motorola handsets we've seen lately, but we'd clip one to our belts before heading to our next waypoint/coffee shop -- if only we had the requisite funding. A price of just under $2,000 ensures this will only be found in the mitts of the most well equipped mercenaries.

[Thanks, Brian]

Sprint loses $384m, 257k subscribers in first quarter of Pre availability

by Nilay Patel posted Jul 29th 2009 at 11:44AM

The Pre might have slowed the drain at Sprint but it hasn't managed to turn things around completely -- America's number three carrier posted a second-quarter loss of $384m as it lost another 257,000 subscribers. That just continues Sprint's trend of bleeding customers to the competition, and we doubt this balance sheet will turn around anytime soon -- not only will next quarter reflect the $483m purchase of Virgin Mobile USA, it's pretty clear that Verizon will get the Pre and AT&T will carry another webOS handset, leaving Mr. Hesse and crew without their shiny halo device to lure new subs to the fold. We'll see what Sprint does to turn this all around -- did someone say they need a Hero?

Samsung Instinct S30 now on sale at Sprint: $129.99 on contract

by Darren Murph posted Apr 19th 2009 at 11:42AM

Right on cue, Samsung's retooled Instinct (that'd be the Instinct S30, if you had any doubts) has gone on sale at Sprint. You'll also notice that the $129.99 on-contract price we heard about is completely in tact, despite the fact that Best Buy Mobile could be selling this same handset in stores later this week for $80 less. At any rate, those champing at the bit to get one headed their way can now do so after choosing between Cobalt Metal and Touch of Copper hues, and if you're looking to snag one with no strings attached, you'll be paying $449.99 in order to do so.

[Thanks, Mike]

Gallery: Samsung Instinct S30 now at sale at Sprint: $129.99 on contract

Sprint looking to wholesale bandwidth to connected gadget makers

by Darren Murph posted Mar 24th 2009 at 4:57PM

So, what's a flagging cellular operator to do once it has succumbed to the grim realization that no one wants to sign up for your service and you've already collected the dough from selling off nearly all of your towers? Go wholesale, of course! Unbeknownst to most, all of the Kindle downloads on Amazon's white-hot e-reader go through Sprint's network, and given just how successful that little venture has been, the carrier is hoping to expand its revenues from wholesaling bandwidth (which currently sits at just 3 percent of its total) by inking similar deals with connected gadget makers. From internet-connected vehicles to GPS systems to cameras, the options are darn near limitless, and with so much free capacity on Sprint's network, it might as well find companies to use it. 'Course, it's not like Sprint's the only one out there trying to carve these kinds of deals into stone, but it's definitely the one that needs to do it most immediately.

QWERTY iDEN Motorola i465 official press shot leaked

by Laura June posted Feb 26th 2009 at 8:02PM

Well, what do we have here? Yep, that's the Motorola i465, the first iDEN phone with a full QWERTY keyboard in the entire universe in a seemingly official press shot. Mobile Review's somehow gotten ahold of this slick piece of photography, which shows the dumbphone off in a much better light than we've previously seen. We still don't know much else about the specs, or when this Sprint-Nextel bound puppy will show up.

[Via Unwired View]

Recession roundup: Monday morning edition

by Tim Stevens posted Jan 26th 2009 at 9:57AM

It wasn't that long ago that Monday mornings in the office were a depressing time -- another cheerful weekend gone; another long week of work ahead. But, these days, being in the office on a Monday is a good thing, because if your login still works you've survived another scary layoff Friday. Spare a thought, then, for those whose system access has been cut off, including 1,300 from Sun (the first wave of a total of 6,000 planned job cuts), 8,000 workers at Sprint who are due to receive pink slips, 6,000 from Philips, and an unannounced number of IBM workers (rumored to be 16,000) who have also found themselves to be on the wrong side of the cost-cutting ax. In one final bit of cheery news, AMD has reported a $1.4 billion loss in the fourth quarter of 2008 and, after shedding its handheld graphics unit, is now selling its manufacturing operations to Advanced Technology Investment. Oh, sorry, you were hoping for some genuinely good news? How about this: that loss is smaller than AMD's $1.8 billion loss from the same time last year. Now have a great day!

Read - Sun confirms 1,300 layoffs
Read - Sprint Nextel Plans to Cut 8,000 Jobs in Quarter
Read - Philips to Release 6000 Employees into Wild
Read - Several IBM employees report being laid off on Alliance@IBM
Read - IBM Confirms Layoffs
Read - AMD Reports $1.4 Billion Loss

Sprint launches push-to-talk BlackBerry Curve 8350i

by Darren Murph posted Dec 15th 2008 at 9:45AM

Verizon may have been bangin' on Sprint's iDEN network, but that's not stopping the yellow-faced carrier from introducing the "first ever" (wait, really?) push-to-talk BlackBerry on those very waves. Sprint is hailing the Curve 8350i as the "most advanced push-to-talk BlackBerry smartphone ever," and given the options in the past, it's hard to disagree. Thankfully, there's also integrated WiFi / GPS as well as support for Group Connect, international direct connect and Talkgroup; you'll also spot a 2-megapixel camera, multimedia player, speakerphone, video recorder, a microSDHC card slot, Bluetooth 2.0, a stereo headset jack and a removable 1,400mAh battery. It's available now in a rather stocky 4.4- x 2.4- x 0.7-inch frame for as low as $149.99 (after all applicable rebates) on a two-year plan.

Gallery: Sprint launches BlackBerry Curve 8350i: first push-to-talk BlackBerry

Sprint 4G dual-mode CDMA / WiMAX modems and handsets on tap

by Darren Murph posted Dec 5th 2008 at 5:02PM

Hang tight to that Samsung SWC-E100 ExpressCard you snatched up as one of the few early adopters in Baltimore -- that thing could one day be a serious relic (or rare eBay find). Just over a year since launching the perplexedly named XOHM WiMAX service, Sprint has decided to rechristen the whole thing Sprint 4G after its workings with Clearwire. Reportedly, the carrier will be offering up dual-mode CDMA / WiMAX modems as early as the end of this year (at least in the Charm City), while similarly equipped handsets won't be too many months behind (just like we'd heard). Kinda hurts to know you can't add a CDMA radio into that WiMAX-only card you already purchased, huh?

[Via phonescoop]

Clearwire and Sprint close deal to combine WiMAX businesses

by Darren Murph posted Nov 28th 2008 at 7:51PM

This one's been a long time in the making, but the deal is finally done. Clearwire and Sprint Nextel have gleefully announced that the transaction to combine their next-generation wireless internet businesses is complete, and beers are on the two of 'em this evening. On the real, the agreement dictates that Sprint hand over all of its 2.5GHz spectrum and WiMAX-related assets (including XOHM) to Clearwire; additionally, Clearwire has received a $3.2 billion cash infusion from Comcast, Intel, Time Warner Cable, Google and Bright House Networks. Details beyond that are scant, though we are told that the terms "originally announced on May 7, 2008" are the ones being abided by, and the new company will retain the Clearwire name and its Kirkland, Washington headquarters.

Sprint posts Q3 net loss of $326 million, sees 1.3 million subs leave

by Darren Murph posted Nov 7th 2008 at 10:45AM

Sprint's year just keeps getting worse. After losing over 900,000 customers last quarter while posting a $344 million loss, the company insistent on advertising with faux soap operas and in black and white (and yellow) is hanging its head once more. During Q3, the carrier saw 1.3 million net subscribers head for the exits, and it also reported a loss of $326 million. According to CEO Dan Hesse, Sprint "has yet to turn the corner," warning that the process of turning things around would be gradual. Moving forward, the company expects gross additions to "stabilize," while the turnover rate is apt to remain at around 2.15%. In related news, the provider's stock price has sunk around 60% in the past six months, and while that's surely bad news to shareholders, not many other mega-corps out there are doing tremendously better.

[Via The New York Times]

Sprint now facing $1.2 billion class-action suit over early termination fees

by Darren Murph posted Nov 6th 2008 at 10:10PM

We told you it wasn't over, and now, that once "manageable" $73 million payment could possibly balloon to upwards of $1.2 billion. As predicted, the prior suit -- which was held in a California state court -- has led to a far reaching class-action lawsuit that could "potentially cost the company as much as $1.2 billion." The suit alleges that the $150 to $200 fees violated the Federal Communications Act and laws in every state of the country, and when summed from 1999 to 2008, they total a magical $1.2 billion. Things aren't looking great for Sprint on this one either, as lawyer Scott Bursor is running the show. Who's he? Just a guy who was involved in getting Verizon to fork over $21 million for the same thing earlier this year.

[Via textually]

Sprint won't let Nextel iDEN network chirp its last chirp, plans rejuvenation effort

by Darren Murph posted Oct 31st 2008 at 8:25AM

We've seen some pretty wild on-again / off-again relationships in the scandalous world of gadget affairs, but this one has been swinging from one extreme to the other at breakneck pace. Let's recap: after proclaiming that it was absolutely committed to iDEN in February of 2008, rumors then started flying that Sprint was looking to offload the whole thing and move on with life. A month later, the carrier's CEO practically confirmed that an iDEN network sale was still an option. Now, the seemingly bipolar company has issued a press release reaffirming its adoration for the chirping-est network this side of Oz, stating that "after careful review of the iDEN business, Sprint intends to retain and rejuvenate this important asset." Which could be PR speak for "nobody wanted this thing, so what other option did we really have?" Regardless of the truth, it seems the push-to-talk network that just won't die will live to see another day, but as history has shown, all that could change in a split second (or at Sprint Speed, whichever you prefer).

[Via phonescoop]