Proxy adviser Institutional Shareholder Services signaled its opposition to Sprint CEO Dan Hesse's $49 million pay package for 2013. The challenge comes just weeks before Sprint's annual shareholder meeting, scheduled for Aug. 6.
Sprint is appealing to the growing mobile nature of its business customer base by establishing a partnership with Google where it will provide the Internet search giant's apps to its business customer base.
Sprint is likely going to report brutal subscriber losses in the second quarter, according to financial analysts. That will be largely the result of Sprint's 3G CDMA network upgrade, which has temporarily resulted in degraded service as the carrier works to improve coverage, call quality and network speeds. In response, the analysts said, Sprint will likely cut prices in the near term to remain competitive.
ROK Mobile, the recently launched music-focused MVNO, aims to have 1 million total customers within the next 12-15 months, according to a ROK Chairman and co-founder Jonathan Kendrick. He also said that ROK hopes to land a third U.S. carrier partner by the end of the year.
Wireless carriers have largely shifted to charging customers based on how much data they use, with voice and texting becoming unlimited commodities, and Verizon Wireless has come out on top in that business model, according to a new survey. According to a report from Consumer Intelligence Research Partners, Verizon has the most customers paying more than $100 per month on average.
T-Mobile US said it launched LTE service in Las Vegas on "Wideband" 15x15 MHz channels, making it one of 17 markets where T-Mobile is touting more capacity and faster speeds.
The FCC has a lot of work ahead if it hopes to create consensus around its plans for a Citizens Broadband Radio Service (CBRS) at 3.5 GHz, as specific parts of its proposed rulemaking have come under attack from multiple corners.
Sprint and T-Mobile US reportedly won't announce any kind of merger deal until August, but the potential combination has a major backer in billionaire hedge fund manager John Paulson.
Sprint has been seeding the market with devices that can support the 4x2 MIMO antenna technology the carrier disclosed it will start deploying, a company spokeswoman confirmed. The new technology is expected to improve Sprint's LTE network performance, especially at the cell edge.
Sprint and T-Mobile US plan to create a joint venture to bid for spectrum in next year's planned incentive auction of 600 MHz broadcast TV spectrum, according to a Bloomberg report. Meanwhile, the Wall Street Journal separately reported that the JV will seek to raise $10 billion for bidding.