Sprint announced today a deal involving a combination of “several bankruptcy remote entities” going by the collective name of Network LeaseCo to raise $2.2 billion in capital funding. Once the transaction is completed, Sprint will have access to $2.2 billion in capital to help with their balance sheet liquidity to be repaid in several staggered, unequal payments to be completed by January 2018. Read more
By now you are probably aware that Sprint is planning on laying off a number of workers in the next month or two in its bid to return to profitability for the first time in 11 years. While Sprint’s parent company, SoftBank, will continue to invest in the struggling US carrier, Sprint has been told to find ways to save on its expenditure, to the tune of $2 billion. Read more
Sprint’s Chief Executive Officer, Marcelo Claure, hasn’t been in charge of the U.S. carrier for a full year yet, but he’s optimistic that Sprint will become either No.1 or 2 in the next 18-24 months. At the Code Conference at the Terranea Resort in Rancho Palos Verdes, California, the CEO was bullish about Sprint’s prospects and future strategies. Read more
Earlier today, an unannounced Sony smartphone passed through Japan’s official certification authority — the RRA (Radio Research Agency). Information included in the brief filing documentation reveals that we could potentially be looking at the upcoming Xperia Z4 — a revamped model of the company’s flagship smartphone of 2014.
Sprint and Boost Mobile announced the Sharp Aquos Crystal handset a couple of months ago. However, Sharp also has a device called the Aquos Crystal X at about the same time, but it never hit the markets. Well, that changes now with Sharp officially launching the handset in Japan through local carrier Softbank (parent company of Sprint). Read more
Softbank owned mobile carrier Sprint will soon be offering a Sony smartphone for the first time. The deal is designed to both give Sony’s mobile division a much needed boost and strengthen Sprint’s handset line up as it looks to stem the tide of subscribers that are heading for other waters. Read more
As expected, Sprint went ahead and announced the Sharp Aquos Crystal, which is the first device to come out of the Sprint and Softbank merger. It will of course be available with Softbank in Japan, but it will also be available exclusively at Boost Mobile and Virgin Mobile USA.
The Sharp Aquos Crystal features a 5-inch edge-to-edge 720p (1280 x 720) display, a 1.2 GHz quad-core processor, 1.5 GB of RAM, 8 GB of internal storage, 8 MP rear camera, 1.2 MP front-facing camera, 2,040 mAh battery, Sprint Spark network, and Android 4.4.2 KitKat.
At a New York City event tomorrow, Sprint will be announcing Sharp’s Aquos Crystal, a 5-inch device with extremely small bezels.
Although it’s quite the looker, the specs are unfortunately midrange. Packed inside is an LTE-capable Snapdragon 400 quad-core SoC clocked at 1.2GHz, 1.5GB RAM, 8GB storage space and Android 4.4.2. The battery packs 2040mAh. Some extras include a Harman Kardon sound effects engine, “LiveStage” streaming, and compatibility with the Harman Kardon ONYX Studio Bluetooth speaker.
While pre-orders will begin tomorrow, the phone will be released in the US on August 29.
With the merger between Sprint and T-Mobile in limbo due to Iliad’s massive offer, SoftBank has decided to move on. Re/code is reporting that SoftBank, the majority owner of Sprint, is hiring Marcelo Claure as the carrier’s next chief executive officer. This comes on the heels of word spreading that Dan Hesse would be on his way out and both moves are expected to be made official on Wednesday. Read more
As Sprint edges closer to a merger deal with T-Mobile, sources say the parties involved are bracing for a longer than expected approval process. This has triggered lenders to seek higher fees as part of the financing deals. Both Softbank, Sprint’s controlling shareholder, and T-Mobile shareholder Deutsche Telekom AG expect the regulatory approval process to take at least 12 months. Building in some cushion to the schedule, it is expected a drop-dead date will be set for around 18 months after an official announcement is made. Read more