8 result(s) displayed (1 - 8 of 8):

Sprint-Virgin Mobile background of the merger (from Corporate Dealmaker)

Nine months in the making, Sprint Nextel Corp. announced the acquisition of Virgin Mobile USA Inc. for $731 million deal on July 28. According to an SEC filing, there was a competing bid from "Company X," which Deutsche Bank AG (NYSE:DB) said would be the company most interested in acquiring...

Posted on October 8, 2009 1:03 PM

Is Sprint Nextel bottoming out? (from Corporate Dealmaker)

No. 3 U.S. cell-phone carrier Sprint Nextel Corp. lost $1.62 billion in the fourth quarter, much less than the $29.3 billion it lost in the fourth quarter 2007 and a slightly narrower loss than analysts expected. Nearly all of those write-downs stemmed from the Nextel acquisition.Sprint had major difficulties...

Posted on February 19, 2009 10:31 AM

Sprint dealmaker takes on another critical -- albeit interim -- role (from Corporate Dealmaker)

Keith Cowan (pictured), head of strategy and corporate development for Sprint Nextel Corp., is temporarily taking over as president of the company's CDMA wireless network. According to the Kansas City Business Journal, John Garcia, who since March had filled the role, left the company Friday. Garcia had been with Sprint...

Posted on November 24, 2008 4:58 PM

Will Sprint Nextel exec get a big reward for iDEN decision? (from Corporate Dealmaker)

Sprint Nextel Corp.'s announcement Thursday that it will "rejuvenate" its beleaguered integrated digital enhanced network is another way of saying the company is not selling the wireless systems it obtained from its $35 billion merger with Nextel.The million-dollar question for Sprint Nextel's president of strategic planning and corporate initiatives...

Posted on October 31, 2008 1:23 PM

Sprint and Moto hold spinoffs, collaborate for Nextel (from Corporate Dealmaker)

Sprint Nextel Corp. more than stumbled integrating Nextel's iDEN network after their merger. And CEO Dan Hesse has said he would consider a "compelling" offer for iDEN. However, Sprint now says after careful review of the business, it will "retain and rejuvenate this important asset." As part of this...

Posted on October 31, 2008 12:02 PM

Hesse: Credit crisis may nix Nextel sale, but Sprint can jog on (from Corporate Dealmaker)

Sprint Nextel Corp. CEO Dan Hesse says he feels relatively safe from credit crunch problems even though losses from Sprint's $35 billion acquisition Nextel have put the firm's future in question. Why? "On the consumer side, wireless has become a staple -- people would rather give up their TV...

Posted on October 13, 2008 12:50 PM

Sprint, Clearwire, Intel, Google and others in $14.5B WiMax deal (from Corporate Dealmaker)

Sprint Nextel Corp. and Clearwire Corp. are combining their WiMax businesses, creating a new mobile broadband company to be named Clearwire. And the new company is getting a $3.2 billion cash infusion from an impressive alliance of technology and cable giants including Intel Corp. (through Intel Capital), Google Inc., Comcast...

Posted on May 7, 2008 9:55 AM

Sprint, Clearwire and Intel close to WiMax JV (from Corporate Dealmaker)

The WiMax venture between Sprint Nextel Corp. and wireless broadband service provider Clearwire Corp. is gaining momentum. TheStreet.com cites "people close to the companies" in a report saying a deal may be announced in the next few days. No word on Google Inc. joining the foray, but...

Posted on February 15, 2008 1:29 PM