AT&T is merging Aio Wireless with Cricket Wireless, Cricket is the name that stays

by Justin Herrick on
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After waiting on the acquisition of Leap Wireless to go through, AT&T has announced Aio Wireless will be merging with Cricket Wireless. Aio, which will be no more, is going to have its name evaporate and identify under the new Cricket brand. For customers of both Aio and Cricket, nothing will change at all. Their plans will remain the same and once Cricket stores start popping up across the country, shopping and customer service can be done there instead of online. As is with any large financial transaction, this one is going to take a little bit of time to complete.

Hit the break for an official introduction from the President of the new Cricket and the full press release. » Read the rest

Sprint chairman wants to try and purchase T-Mobile

by Jared Peters on
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It’s not exactly a well-kept secret that Sprint is interested in acquiring T-Mobile since SoftBank took over the carrier last year. However, in a recent television interview, Sprint chairman Masayoshi Son publicly stated that he would absolutely love to try and purchase the Uncarrier. He did clarify that at this point in time, Sprint hasn’t made an offer for T-Mobile. They’re still working closely with banks and antitrust authorities to try to get the finer details worked out before moving forward with any kind of deal. » Read the rest

Facebook to acquire WhatsApp in $19B deal

by Jeff Causey on
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Earlier today Facebook announced that an agreement had been reached for the social media giant to acquire WhatsApp, one of the most popular, fastest growing mobile messaging platforms. The deal includes a cash payment of $4B, the issuance of $12B worth of Facebook Class A common stock, and another $3B in restricted stock to be issued to WhatsApp employees. Combined, the new stockholders from WhatsApp will represent almost 8% of Facebook shareholders. Shortly after the announcement, Facebook CEO Mark Zuckerberg and WhatsApp CEO Jan Koum held a conference call to provide additional details and insight into the deal. » Read the rest

SoftBank/Sprint to meet with FCC today, T-Mobile may be on slate

by Jeff Causey on
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A report from the Wall Street Journal today indicates Softbank CEO Masayoshi Son and Sprint CEO Dan Hesse are scheduled to meet with the FCC. Sources indicate that one of the topics of discussion is a possible merger with T-Mobile. During January, it was revealed that Sprint obtained some proposals from different banks that demonstrated how a merger of the two carriers could be made to work financially. That would only be one hurdle to be jumped if the merger is ever going to happen. It is looking more and more like regulatory approvals will be the bigger problem, which would be a good reason for the two CEOs to spend some time during a face to face meeting with FCC officials to discuss the merger.

According to different sources, the Department of Justice appears reluctant, if not being outright against the idea, to see the number of “major” carriers being reduced from four down to three. SoftBank and Sprint are likely to counter that argument by pointing out that Verizon and AT&T  are the heavyweights in the market and the weakness of the third and fourth largest carriers is actually hurting competition, a situation that could be corrected by allowing the merger to occur. By meeting with the FCC, SoftBank/Sprint may also be able to get a government agency on board with the concept to help in the battle with the Department of Justice.

source: TmoNews

Banks say $50 billion deal to merge Sprint, T-Mobile could work

by Jeff Causey on
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More news today in the saga of Sprint and T-Mobile possibly merging as new information indicates at least a couple banks have provided proposals to Sprint that show how such a deal could work. The estimates put the complete deal in the $50 billion range composed of two parts, about $31 billion for the actual acquisition of T-Mobile and another pot of money totalling about $20 billion to refinance existing T-Mobile debt. T-Mobile’s current market value is about $26 billion and rising based on reports of a possible merger. » Read the rest

Sprint to buy out T-Mobile? Regulators could stop deal short

by Harrison Kaminsky on
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In a move that would leave the United States mobile carrier market dominated by three carriers rather than four, Sprint could be soon buying out T-Mobile to set up a merger for the ages.

The company still hasn’t decided on the action it will take, but Sprint could post a bid in the first half of 2014, and the deal could be worth more than $20 billion.

» Read the rest

Samsung to merge divisions in hopes of improving smartphone cameras

by Jeff Causey on
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A report out of Korea indicates Samsung has merged their Digital Imaging Business Division with their Wireless Division. The Digital Imaging Business Division is responsible for cameras produced by the company, while the Wireless Business Division is essentially their smartphone division. According to a statement released by Samsung, the company “will transplant the brand, sales networks, software competency and manufacturing competitiveness of the Wireless Business Division into the Camera Business Division, and integrate the technical know-how of the two business divisions into competency for differentiating our smartphones.” The reorganization was effective on December 11th.

» Read the rest

Dish Network still wants in on wireless carrier market according to CEO Ergen

by Jeff Causey on
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During a recent conference call to discuss the Dish Network’s disappointing second-quarter financial results, CEO Charles Ergen dropped some hints that the company is still interested in becoming a player in the wireless carrier market. During the second quarter, Dish saw its subscriber base shrink by about 78,000 subscriptions as it continued to try to compete in the changing landscape of video content. Combined with increasing programming costs, the company experienced a loss during the second quarter. In an effort to reverse course, Dish would like to capitalize on an asset it continues to hold, unused wireless spectrum. Finding a partner to make that a reality has been a challenge though as the recently company lost out to Softbank in a bid to acquire Sprint earlier this year.

Ergen seems to think there is still an opportunity for Dish and Sprint to do something together that would benefit both companies. While acknowledging that Dish “gave our best shot to get it” referring to the Sprint acquisition attempt, Ergen still thinks some kind of partnership might be “an interesting fit.” What would not be as interesting would be an attempt to acquire T-Mobile, a move Ergen says “may be a challenge we wouldn’t feel comfortable taking on.” That position is quite a bit different from earlier this year when Dish sought out a possible deal with T-Mobile.

source: Bloomberg

Could HTC merge with Huawei?

by Jeff Causey on
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As HTC continues to battle a two-year financial slide, one analyst has suggested a merger with Huawei could be a way out for HTC. HTC and their fans had high hopes the HTC One would prove to be a product with enough popularity to at least turn the ship around financially. During the first half of 2013, HTC also started to concentrate on some unique marketing strategies, usually aimed squarely at market leader Samsung. To their credit, the HTC One is generally regarded as a premiere smartphone and has garnered extensive praise throughout the industry. Sales of the device did have a positive financial impact on HTC during the second quarter of 2013 when it was finally released, but not to the extent hoped for. Despite plans to model a sales strategy similar to many other major manufacturers, HTC sales are predicted to stay flat for the third quarter, leading some to question what other steps the company could take to prevent a complete collapse. » Read the rest

FCC approves Softbank/Sprint/Clearwire deal

by Jeff Causey on
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According to a recent Wall Street Journal report, the FCC has approved Softbank’s bid to merge with Sprint, and by extension Clearwire. The process started last year when Softbank and Sprint announced plans for the merger. Sprint also announced plans to acquire Clearwire using cash from the Softbank deal, as part of a strategy to increase their 4G LTE footprint in the U.S.

Since then, Softbank had to fight off a competing bid from Dish. Ultimately, Sprint stockholders approved the Softbank offer of $21.6B giving Softbank a 70% stake in the new company. With FCC approval, the companies will now be able to complete the merger and start moving forward with their develop Sprint into a much larger carrier, capable of competing with Verizon and AT&T.

source: TechnoBuffalo