Sprint Nextel made a net loss of US$1.6 billion for the second quarter, swollen by the cost of shutting down its Nextel wireless network, but the company is more optimistic about future profitability.
SoftBank completed its US$21.6 billion acquisition of Sprint Nextel on Wednesday, capping a months-long effort that was complicated by two bidding wars and some national-security objections but is expected to produce a stronger rival to the dominant ...
Clearwire shareholders approved Sprint Nextel's takeover of their company on Monday, ending a saga that had included years of uncertainty and finally a bidding war for the spectrum-rich wireless network operator.
In the wee hours of Sunday morning, Sprint Nextel will give its iDEN push-to-talk network the final push -- over the edge.
The U.S. Federal Communications Commission has voted to open up 10 megahertz of spectrum in the 1900MHz band for commercial mobile services.
Dish Network has dropped its offer to buy Clearwire, probably clearing the path for a strengthened Sprint Nextel to complete its takeover of the struggling but spectrum-rich mobile operator.
Sprint Nextel shareholders have voted overwhelmingly to approve SoftBank's US$21.6 billion takeover bid, setting the stage for the deal to close early next month.
Sprint Nextel has offered and Clearwire has accepted a bid of US$5 per share for the struggling wireless network provider, raising the stakes yet again in an expensive bidding war between Sprint and satellite service provider Dish Network.
Dish Network won't try to beat SoftBank's US$21.6 billion bid for Sprint Nextel, apparently clearing the way for the Japanese service provider to buy Sprint.
Sprint Nextel sued Clearwire and Dish Network on Monday in a bid to block Dish from taking over Clearwire, Sprint's majority-owned network partner.
Clearwire's board of directors has unanimously recommended its shareholders reject the takeover bid by Sprint Nextel, which owns roughly half of Clearwire, and instead accept a buyout offer from Dish Network.
On the roof of a medical building in San Francisco, Sprint Nextel has a cell site that's far above the cramped canyons of the city's streets, but despite the wide-open views, space is limited.
SoftBank has sweetened its bid for Sprint Nextel, increasing its total offer to about US$21.6 billion and boosting the amount of cash Sprint shareholders would get.
The U.S. Department of Justice said Friday it has no objection to Softbank acquiring Sprint Nextel, a decision that clears the way for the Federal Communications Commission to rule on the deal.
Privacy groups and some lawmakers are in an uproar after news reports this week that the U.S. National Security Agency is conducting broad surveillance of the nation's residents.
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