S&P lowered SoftBank's rating after winning the bid on Sprint. According to a statement by Standard & Poor, SoftBank ratings were lowered from BBB to the highest non-investment grade of BB+, with a stable outlook.
Tags: Sprint
US carrier Sprint planning 2014 $20B T-Mobile takeover -report
US-based telecommunications company Sprint is eyeing the purchase of rival T-Mobile USA next year in a deal worth $20 billion, according to sources cited in a report by The Wall Street Journal.
Nextel's shut down cost Sprint US$638 million
Sprint's earnings report showed that it lost US$638 million and 1.05 million subscribers due to Nextel's closure.
T-Mobile's zero down strategy is a worthwhile alternative - analysts
Analysts said that T-Mobile could potentially gain more customers with the new strategy that would not ask for an upfront payment.
Telecoms have room for growth as mobile tech expands - analysts
Analysts noted that Verizon, AT&T and Sprint would all have a room for growth if they would make strategies that would benefit the services they offer for their customers.
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Softbank joins the US wireless market after FCC approval for Sprint bid. Softbank Corp is now in the running to provide American with wireless and broadband telecommunication services.
Dish Network abandoned its bid to buy Sprint Nextel. (Photo : Reuters)The image is the corporate sign of Dish Network set on its office facade. Dish Network stopped its bid to acquire Sprint Nextel Cop.
According to analysts, Sprint should increase its Clearwire bid to avoid any rising tension with Dish Network Corp.
Sprint Nextel's merger talks with DISH Network failed as both company cannot agree on a compromise.
Sprint overthrows US$3.40 bid per share of Dish to a US$4.40 bid per share for Clearwire. (Photo : Reuters)People passing by a Sprint store in NYC. Sprint Nextel Corp has urged Clearwire Corp to reject the offered bid made by Dish Network.
Clearwire's Class A shareholders to decide on the deal for Sprint. Clearwire Corp's share values hovered above the current bid price of US$2.
Sprint, while reviewing the Dish offer, sought continuance for the FCC review of the SoftBank offer.
Dish plays national security issue in its bid to stop the Softbank bid from pushing through. Dish Network has formally sought regulator intervention, specifically suspension of the review of the bid provided by Softbank Corp of Japan for the acquisition of Sprint Nextel Corp.
The Justice Department urged regulator on Tuesday to defer action on its investigation of Softbank's takeover of Sprint Nextel
