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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
When we talk about post-merger integration, the discussion often runs to culture or IT issues or tough marketing choices or plain old cost synergies. But what about post-merger brand integration? That's a task that touches on all those areas and other besides. Indeed, the branding decisions can be some of...
Posted on August 14, 2009 8:40 AM
On Thursday--three days after Qwest Communications International Inc. (NYSE:Q) said it had given up trying to sell its long-distance network--comes a WSJ report that Sprint Nextel Corp. (NYSE:S) is thinking of spinning its network into a joint venture. Sprint-Nextel's partner would be Level 3 Comminications Inc.(NASDAQ:LVLT), according to the Journal.What's...
Posted on June 11, 2009 12:38 PM
As tech giants like Sprint Nextel Corp. (NYSE:S) and AT&T Inc. (NYSE:T) navigate the rough economy to roll out 3G and 4G wireless technology, smaller companies are looking to benefit from their efforts. Ixia (NASDAQ:XXIA), a telecom equipment tester, is beefing up its business, announcing the acquisition of Catapult Communications...
Posted on May 13, 2009 8:26 AM
Sprint Nextel Corp.'s (NYSE:S) lead dealmaker has been juggling dual responsibilities for the past six months. But now that the wireless carrier has hired Robert H. Johnson as president of its CDMA business unit, Keith Cowan can turn his focus back to strategy full time. Since November, Cowan, Sprint's head...
Posted on May 12, 2009 11:01 AM
Sprint Nextel Corp. (NYSE:S) on Tuesday announced details of an alliance with Ford Motor Co. (NYSE:F) to provide wireless Internet in some Ford vehicles. Under terms of the agreement, dashboard computers with Internet connectivity via Sprint's broadband network will be available in Ford F-Series, E-Series and Transit Connect vehicles later...
Posted on March 24, 2009 11:09 AM
Marc Montagner has joined SkyTerra Communications as executive vice president of strategy, development and distribution. In the position Montagner will be responsible for identifying and securing strategic relationships for the wireless firm -- and he brings with him an extensive professional network.Most recently, Montagner co-led the global telecom, media and technology...
Posted on February 26, 2009 7:44 AM
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
Clearwire Corp. and Sprint Nextel Corp. on Monday took a huge leap toward the planned rollout of the first nationwide 4G mobile broadband network by closing their multibillion dollar WiMax deal. The venture combines the companies' wireless Internet businesses and aims to begin rolling out the network in early 2009....
Posted on December 1, 2008 11:02 AM
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
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 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
Cox Communications Inc. is breaking from some of its cable operator brethren and building its own wireless network. The nation's third-largest cable provider will build a 3G network to deliver wireless to the 23 million customers in its coverage area beginning in 2009. In addition, it will partner with Sprint...
Posted on October 27, 2008 11:39 AM
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 Nextel Corp. is trying to sell its Nextel business. Apparently, it received interest from Latin American carrier NII Holdings Inc. and several private-equity firms, the Wall Street Journal reported last night. But on Friday morning, a Robert W. Baird & Co. analyst said he "would not be chasing the stock on the latest rumors...
Posted on October 3, 2008 11:42 AM
While we don't have any insider knowledge about Virgin Mobile USA Inc.'s acquisition of fellow wireless carrier Helio LLC, we can't help but wonder how complicated the transaction was to negotiate. The deal, which closed on Friday, was relatively small -- just $39 million. But this wasn't just one company...
Posted on August 22, 2008 4:38 PM
It's not the Gphone, but --- following a recent Sprint Nextel Corp.-Google Inc. mobile Web search deal - Verizon Communications Inc. is nearing an agreement with Google Inc. on a wide-ranging partnership, including making Google the default search provider on Verizon devices, giving the search giant a share of ad...
Posted on August 22, 2008 9:32 AM
Telecom deal news keeps breaking, from China and India to Sweden, France, the Americas, and now Norway and Africa. Telenor ASA, at its Capital Markets Day gathering on Thursday, said the total number of subscriptions in its mobile operations has passed 150 million. Bloomberg.com reported that Telenor is actively...
Posted on June 20, 2008 8:23 AM
The Supreme Court, in a ruling on Monday, made it more difficult for patent holders to collect royalties on the downstream uses of their technology. In Quanta Computer Inc. v. LG Electronics Inc., the court ruled that LG could not collect royalties on the patented LG chipsets that Quanta used...
Posted on June 10, 2008 1:01 PM
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 Nextel Corp. and Clearwire Corp. may announce as soon as Wednesday a deal to roll out WiMax broadband wireless technology for mobile devices, according to the WSJ. They reported investments that valued the joint venture at $12 billion, with $1.05 billion from cable provider Comcast Corp., $1 billion from...
Posted on May 6, 2008 5:23 PM
Deutsche Telekom AG, parent of T-Mobile, is considering a bid for Sprint Nextel Corp., according to German magazine Der Spiegel, which would make it the No. 1 mobile carrier in the U.S. AT&T Inc. and Verizon Wireless currently have the top spots in the U.S. market. Der Spiegel noted...
Posted on May 5, 2008 9:47 AM
Stephanie Comfort will need some good ideas as she steers strategy at the wirelessless telecom.
Posted on March 12, 2008 1:47 PM
Clearwire Corp. said they are in active talks with Sprint Nextel Corp. It was similar to the message that new Sprint Nextel CEO Dan Hesse relayed a week earlier, during an earnings call. But is it possible they could be bringing in partners to help finance the deal?Clearwire and Sprint...
Posted on March 5, 2008 1:10 PM
Strategizing at Sprint Sprint Nextel Corp. chairman and chief executive Gary Forsee continues to build out his development team. Keith Cowan has joined the company as president of strategic planning and corporate initiatives and will lead a team that includes Jack Dziak, who joined Sprint earlier this year as...
Posted on August 15, 2007 4:50 PM
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