Sprint agreed to pay $2.95 million in civil penalties to settle Federal Trade Commission charges that the carrier failed to properly alert consumers with lower credit scores that they were being placed in a special program and charged an extra monthly fee.
Sprint CEO Marcelo Claure and Chairman Masayoshi Son have spent the last month and a half proclaiming that they have faith in Sprint and its turnaround efforts, with SoftBank snapping up shares in a show of confidence. However, some in the investment community are not as sure, and Moody's Investors Service downgraded its credit ratings on Sprint, saying that the carrier is not doing enough to right itself.
T-Mobile US is giving every customer with a monthly voice plan who has made or makes 12 consecutive on-time monthly bill payments access to zero-down financing for smartphones regardless of their credit score.
T-Mobile USA is offering enterprise subscribers up to $200 in credits per line to switch their service over to T-Mobile, part of a wider company effort to strengthen T-Mobile's foothold in the B2B market.
Sprint Nextel is reviving a $400 credit for families who switch to Sprint from another carrier and sign up for its Simply Everything Family or Everything Data Family plans.
Nokia (NYSE:NOK) CTO Rich Green is taking a leave of absence from the company due to personal reasons, the latest in a string of blows the handset maker has sustained over the past few days.
Clearwire (NASDAQ:CLWR) dealers allegedly lowered their credit standards in a bid to pump up subscriber numbers, according to a Bloomberg report, which cited three former Clearwire dealers and
Nokia's (NYSE:NOK) fortunes took another tumble, as Moody's cut the handset maker's credit rating, citing the company's deteriorating market position and uncertainty over its transition to
Nokia's (NYSE:NOK) credit rating was slashed for the first time by Standard & Poor's Ratings Service, which cut the debt rating based on projections of declining market share and weaker operating
Standard & Poor's Ratings Service may lower Nokia's (NYSE:NOK) credit rating, which would be the first cut ever for the company and is the latest bit of dispiriting news to befall the world's