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Fujitsu ARROWS A 202F launching on SoftBank this week, Snapdragon 600 and 3,000mAh battery in tow (video)
Fast smartphones are great and all, but they're useless once the battery goes flat. Fujitsu aims to solve that with the ARROWS A 202F. Launching with SoftBank in Japan later this week, the phone features a 1.7GHz Qualcomm Snapdraon 600, 2GB of RAM, 64GB of internal storage that can be expanded via microSD, a 5-inch 1080p display and a generous 3,000mAh battery in a package that's less than 10mm thick. Fujitsu's "Human Centric Engine" is said to further increase battery life, to the tune of two days worth of juice, but details of how that works are light. Chances are slim the ARROWS will make it to US shores, though the recently announced HTC Butterfly s, with an even larger 3,200mAh battery, just might.
The Daily Roundup for 06.25.2013
You might say the day is never really done in consumer technology news. Your workday, however, hopefully draws to a close at some point. This is the Daily Roundup on Engadget, a quick peek back at the top headlines for the past 24 hours -- all handpicked by the editors here at the site. Click on through the break, and enjoy.
Sprint boosts Clearwire buyout offer to $5 per share, $14 billion valuation
We're deep into a bona fide bidding war here -- Sprint and Dish are both battling for an approximately 50-percent stake in Clearwire, and as of today, that former contestant's bid makes it the new front runner. To catch you up, last month Dish offered $4.40 per share for Clearwire, following Sprint's offer of $3.40 per share made way back in December. Now, the carrier has increased its bid to a whopping 5 bucks per share, which values Clearwire at just about $14 billion. (As you can probably imagine, CLWR's trading price has jumped today to match that new target.) This comes just days after Sprint filed a lawsuit to prevent the other two parties from moving forward. Whether or not CLWR's spectrum and other assets make it worth that sum is a different story, but Sprint clearly sees some solid value there.
Dish doesn't submit another bid to buy Sprint, will 'consider its options'
The latest move in the standoff between Softbank, Sprint, Dish Network and Clearwire has been made, as Dish stated today it will not submit another bid for Sprint. This comes after Sprint sued to stop Dish from buying Clearwire, which the satellite company called an attempt to deflect attention from its own unfair dealings. If you'll recall, Dish Network jumped in with a $25.5 billion offer to buy Sprint, but after Japanese carrier Softbank improved its proposal slightly, Sprint put Dish on a deadline to respond. That time limit expired today, and Dish is choosing to consider its options on Sprint, while focusing on completing the Clearwire deal. Dish cited some specific changes in the Softbank deal that made it impossible to meet the deadline, including higher break-up fees if the deal didn't go through. so what's next? Softbank's still waiting for FCC approval before it can go through with the acquisition, and reports it expects to close the deal in early July.
US Justice Department clears Softbank acquisition of Sprint
Softbank and Sprint have been on pins and needles ever since January, when the US Department of Justice asked the FCC to delay the carriers' merger as it scrutinized the deal over national security concerns. The two networks can breathe a little easier this weekend, as the DOJ just dropped its request for more time. There's "no objection" to the acquisition following a review, the agency says. Not that the companies are completely out of the woods: the FCC has to approve the buyout, and there's still the small matters of Dish's bids for both Sprint and Clearwire. Softbank may not want to drop its backup plan just yet.
Softbank reportedly eyeing T-Mobile as backup plan to Sprint deal
Softbank's plan A is still a $20.1 billion deal for Sprint, as it looks to enter the US wireless market. But, with stiff competition from Dish in the effort to acquire the black and yellow carrier, rumors are that it's keeping one eye on T-Mobile. You know... just in case. According to a report from Reuters, the Japanese company is in discussions with Deutsche Telekom for its share of Big Magenta. Softbank was involved in discussions last year to purchase T-Mo, before the MetroPCS deal was eventually struck, following the collapse of a proposed merger with AT&T. Obviously none of this is official just yet. But, if Sprint's shareholders reject the Softbank deal on June 12th, we wouldn't be surprised if it quickly made moves to purchase the second most beleaguered national wireless provider in America.
Clearwire shareholder meeting rescheduled after Dish improves its offer
Dish's interesting attempt to acquire its way into the wireless data business has taken another turn this evening, thanks to a new development in its bid for Clearwire. Dish upped its offer to $4.40 per share for all of the company's outstanding shares earlier this week, and the Clearwire board seems interested. Originally scheduled to take place Friday morning, the meeting is now set for June 13th so the board can discuss Dish's offer, and how it compares to Sprint's $2.2 billion / $3.40 per share bid for the 50 percent of Clearwire it does not yet own. The new bid is apparently more "actionable" than Dish's previous proposal, and could also complicate Softbank's attempt to acquire Sprint which Dish is also trying to intercept. Hit the links below for all the business details while we wait for the various bords and committees to figure out what happens to these companies next.
Softbank founder goes on the attack, sees 'no need' to improve offer for Sprint network
Despite bidding competition from Dish, Softbank's founder, Masayoshi Son, has told Reuters that he sees no need to adjust his company's offer for Sprint. In fact, he's even seen support from Intel CEO Paul Otellini, who stated in a letter to the FCC last week that a third competitive national carrier is "very compelling." During the company's financial results today, Softbank's Son went on the attack, spending a big chunk of the presentation pitching what his company would offer over its rival's bid. He kicked off by saying that Dish's offer (and comparisons) was "illusory" and how the Japanese carrier's offer had a 21 percent premium over its rival's, along with a swifter turnaround: two months compared to a year. Son also said that his company's offer would sidestep the difficulties in combining spectrum in the US, as Softbank doesn't currently hold any US wireless spectrum at the moment. The CEO added: "If our deal doesn't go through with Sprint... the carrier won't have the cash to follow through with their network vision [this year]." Earlier in the earnings event, Son said that his company's healthy native position was "just a stepping stone", and that he's now aiming for the number one spot in mobile internet globally -- Sprint appears to be a big part of those plans.
The Daily Roundup for 04.15.2013
You might say the day is never really done in consumer technology news. Your workday, however, hopefully draws to a close at some point. This is the Daily Roundup on Engadget, a quick peek back at the top headlines for the past 24 hours -- all handpicked by the editors here at the site. Click on through the break, and enjoy.
Dish Network bids $25.5 billion for Sprint, goes head-to-head with Softbank
In the battle for Sprint's heart, Dish Network always seemed to be stuck in the "friend zone". That's not the case anymore, however, now that Dish has quietly lobbed an informal $25.5 billion offer to purchase the carrier. The Wall Street Journal is reporting that after Dish was knocked-back in its attempts to buy Clearwire, the satellite TV company scrounged together the cash to beat Softbank's multi billion dollar deal. If the bid is made formal, then Sprint's board will have to decide if Softbank's massive size and buckets of cash can be trumped by Dish's spectrum reserves, pay-TV business and ability to skip commercials in a breeze. Update: Dish clarified on a conference call that its bid for Clearwire is still on the table for the company to consider even if it was turned down, and that the Sprint offer is not contingent on the carrier closing out its Clearwire purchase. Should the deal go through, the plan is to target underserved and rural customers, rather than competing with inner-city fiber-based services. Softbank may find itself beaten by the higher offer, but if Dish succeeds, the Japanese company would still hold around 5% of Sprint's shares.
Japanese mobile boss claims he's already patented the tech inside Google Glass
Patent filings, we don't take so seriously. One of Japan's richest men, with the potential to call on an army of lawyers to defend what he claims is his invention, we probably ought to. Masayoshi Son, the billionaire (and philanthropic) CEO of SoftBank, has given a two-hour speech to his shareholders about his technological predictions for the next 30 years, and about halfway through he describes a familiar idea: augmented reality glasses that can understand what a person is saying and provide subtitles as a visual overlay. At one point, he specifically mentions protecting the concept: "By the way, we've already taken out a patent on this -- translation glasses with captions." (1:22:49 in the video at the source link.) We think we may have found the patent application in question, submitted in 2010 by SoftBank Mobile Corp. It does show a translation function similar -- but not totally identical -- to what's been shown off in a recent Project Glass promo video, in which a guy translated his own words using Google's specs. In any case, the whole patent system is so esoteric that it's impossible to predict what ideas will clash and what won't, but it's worth bearing in mind how Masayoshi Son first became rich: he sold a translation device patent to Sharp for $1 million. What are the odds on that?
Softbank and Sprint say no to Huawei in hopes of getting merger back on track
In an effort to speed up an already contested $20.1 billion merger, Softbank and Sprint have reportedly agreed not to use Huawei network equipment within the US carrier's existing network. In fact, the Chairman of the House Intelligence Committee, Mike Rogers, recently told The New York Times that the two outfits have pledged to remove Huawei hardware from Clearwire's network, too. These promises are likely a reaction to Congress' security concerns, which saw Huawei exiled from America's first responder network back in October. While Rogers is happy with Softbank and Sprint's new game plan, this deal is far from done. The two firms still need to make it past the Committee on Foreign Investment in the US, which reviews national security risks connected to business transactions. Until then, Dan Hesse may wanna hold off on any extracurricular activities.
Sprint CEO eyes more spectrum deals after buying Clearwire
Sprint CEO Dan Hesse isn't so narrowly focused as to think that the proposed Clearwire acqusition represents the end of the road for spectrum. Far from it: he tells Bloomberg Businessweek that the company is investigating future airwave deals involving companies and government auctions. The Clearwire deal mostly bought time, according to Hesse. Naturally, these ambitions are partly contingent on both SoftBank's purchase of Sprint and the absence of any Dish-sized hurdles to the Clearwire pact. As long as the path stays clear, though, we wouldn't assume that Hesse's shopping spree is over.
US Justice Department asks FCC to delay Sprint's merger with Softbank (update: Sprint statement)
It appears that Dish wasn't the only one who wants the FCC to put the brakes on Softbank's merger with Sprint. Bloomberg reports that the US Justice Department has just requested that the FCC delay the deal as well. No word on why governmental lawyers are making the request, but we'll update this post as soon as more information is available. Update: While the DOJ has recommended that the FCC delay its approval of the deal due to national security concerns, it turns out that Dish has decided not to stand against the merger, after all. So, Sprint and Softbank have exchanged a private sector problem for a governmental one. The DOJ's scrutiny certainly provides a significant hurdle for the deal to clear, but it doesn't necessarily mean that the two telcos can never be together. We'll have to wait and see whether Uncle Sam gives the merger its final stamp of approval. Update 2: Sprint has issued a statement on the matter: 'This is a routine request when working with the CFIUS agencies regarding national security." So, it seems that the folks in Overland Park aren't overly concerned with the DOJ's snooping.
Dish wants FCC to freeze its review of SoftBank's Sprint deal
If you ran Dish, how would you get extra leverage when fighting Sprint for control of Clearwire? Try to put SoftBank's acquisition of Sprint on ice, that's how. The satellite TV provider has asked the FCC to pause its review process over "unresolved contingencies" with Sprint's proposed buyout of Clearwire. Among the concerns, Dish warns that Sprint might not get full control of Clearwire or its spectrum, skewing the final value of the takeover, and that approval of the SoftBank-Sprint union might give the combined entity an unfair edge. Dish also makes a case for preserving wireless competition, but the company is still fairly conspicuous in its ultimate aims -- it wants a better shot at buying Clearwire, or at least to eke some LTE-friendly spectrum out of Sprint before SoftBank can move in. Just filing a request isn't a guarantee of action, however, and it's likely that Sprint will push back against any attempts to derail what's likely its deal of the decade.
Softbank will offer satellite phones for use during natural disasters
Japanese mobile service provider Softbank announced today that it will sell satellite phones that can be used during tsunamis, earthquakes, or other events during which traditional mobile phone service may be unavailable. The carrier has partnered with Dubai-based Thuraya, a satellite phone and service provider, to sell satellite-based phones to its home market. Softbank, which is in the midst of a $20.1 billion acquisition of US carrier Sprint, has been slower than other Japanese carriers to restore critical mobile services after natural disaster-caused outages. Satellite phone sales will primarily target essential services such as government officials, energy providers, and local media, though private citizens will be able to buy the phones through retail outlets in order to stay connected during critical events. No word yet on price, though Japanese consumers can expect these phones on the market by February.
Sprint confirms it's buying the rest of Clearwire for $2.2 billion
Sprint has just announced that it has entered into a "definitive agreement" to buy the 50 percent stake of Clearwire it doesn't already own. The transaction, worth $2.2 billion, is $100 million higher than the original offer House Hesse had made, once rumors of the deal had pushed Clearwire's share price up. While the deal is contingent upon the legal nuts-and-bolts of the Sprint-Softbank merger going through, the Japanese company has already given its blessing to the deal. Big Yellow has also garnered support from Clearwire's big-ticket minority shareholders, including Comcast, Intel and BrightHouse Networks. As part of the deal, Sprint will take on Clearwire's $5.5 billion in debt and licensing obligations, as well as coughing up a further $800 million in investment for the constantly-ailing network provider. If it meets regulatory approval, then the deal will complete in 2013, and never again will Dan Hesse have to have that dream nightmare about LightSquared.
Sprint makes formal offer of $2.1 billion to acquire Clearwire
Sprint Nextel has just put a $2.1 billion offer on the table to fully purchase wireless provider Clearwire, verifying recent reports of "active negotiations" between the two. The network already owns a majority stake, but would like complete control of the company (and its spectrum), including roughly 12.4 percent collectively held by Intel and Comcast. However, Japanese carrier Softbank, which wants to buy 70 percent of Sprint, needs to clear the offer before it's truly official. Sprint said in a regulatory filing that the Clearwire deal also hinges on Softbank's purchase going through (expected March or April next year), so there are still a few boxes that need ticking before any formal acquisition process can begin.
Sprint pays US Cellular $480 million for Midwest spectrum and customers (update 2: 980 jobs lost)
Sprint has cemented a deal with US Cellular to pick up its PCS spectrum and around 585,000 customers across the Midwest. The deal will land the newly-owned company 30MHz within the 1900 MHz band across Illinois, Indian, Michigan, Missouri and Ohio, with the carrier stating that it'll be putting the extra spectrum to use augmenting its coverage while it continues to roll out 4G. US Cellular will apparently continue business elsewhere, once the deal passes regulatory approval some time year, stating that it aims to "increase focus on markets where it has strong positions" and "streamline operations" -- probably involving its own 4G expansion plans. Update: There's a gray cloud to the silver lining. US Cellular warns that over 1,000 jobs will be cut as part of the network handover, most of them a mix of corporate and retail staff based in Chicago. It also says that the network offload reflects the challenges it has getting customers in larger cities: they're both more expensive up-front and generate twice as much subscriber turnover as in less densely-packed areas. The Sprint deal should wrap up by mid-2013 if all goes according to plan. Update 2: US Cellular has revised its own job figures and now says the exact tally is 980. While it's only so much comfort to those affected, the exact amount is slightly more reassuring.
Sprint sells 1.5 million iPhones, 1 million other smartphones, but makes a net loss of $767 million
Sprint's latest financials show that while the network is slowly stemming the flow of cash from its veins, it's not quite there in terms of turning a profit. The country's third biggest carrier suffered a $767 million net loss and an operating loss of $231 million -- much less than the $629 million operating loss it had in Q2, but on-par with the $208 million lost in the same period last year. The business did manage to bring in total revenues of $8.8 billion, but had to take a hit on a $397 million write-down on costs related to Network Vision and the continued pain of the Nextel shutdown. On the customer size, it added a further 900,000 users, sold 1.5 million iPhones and a further 1 million "LTE smartphones" in the quarter. Those with long memories will know that the company sold the same number of Apple handsets in the last two quarters, with around 40 percent going to new customers then as now. However, churn, the deadly enemy of all carriers, increased to 1.88 percent, up from 1.69 percent in Q2. The network did manage to coax 59 percent of former Nextel customers to stay tied up with Big Yellow, which may account for it selling nearly 1.2 million Direct Connect devices. While it's hardly a rosy estimation of Sprint's financial health, this report doesn't take into account Softbank's $20.1 billion buy-out or the regained controlling stake in Clearwire -- so we're expecting the next financial announcement to contain some more exciting news. Update: During the conference call, Dan Hesse was asked about adopting a shared data plan to rival Verizon and AT&T, but unlike the last call, he was dismissive of the idea.
