Sprint will take on a prominent role in the rebranding of the new, slimmed-down RadioShack as the retailer prepares to exit bankruptcy protection.
RadioShack won approval from a U.S. bankruptcy court to stay in business and co-brand around 1,740 of its stores with Sprint. The deal, a last-minute reprieve for the troubled retailer, will also significantly benefit Sprint, which stands to more than double its retail presence as a result.
Sprint agreed to pay a $131 million settlement to end a class-action lawsuit brought by investors, who had argued that the carrier fraudulently inflated its stock and bond prices by hiding the health of the company following its 2005 merger with Nextel.
Sprint will use Chicago as a showcase market for LTE Advanced technologies, according to the carrier, as it expands its investment in the city and the surrounding areas.
ATLANTA--AT&T Mobility CEO Glenn Lurie said that he would not be all that concerned if Sprint and T-Mobile US were to merge and form a larger-scaled competitor.
Anticipation is high for the upcoming launch of Samsung's Galaxy S6 and S6 Edge smartphones, which are scheduled to hit stores April 10, with most major operators taking preorders for the devices starting today. To try to steal customers away from the competition, operators T-Mobile and Sprint are getting creative with their Galaxy S6 and S6 Edge deals.
ATLANTA-- AT&T Mobility's Ralph de la Vega says he isn't sweating the competition too much. De la Vega, CEO of AT&T's Mobile & Business Solutions Group, said the carrier takes what its competitors do seriously, including aggressive moves by T-Mobile US and Sprint, but is comfortable with its place in the industry and is confident it is ahead of other carriers on connected cars, homes and the Internet of Things.
ATLANTA--Sprint CEO Marcelo Claure advocated for a coalition of smaller carriers that are members of Competitive Carriers Association to be able to jointly bid with Sprint in the 600 MHz incentive auction.
Verizon Wireless may have scored big in the FCC's recent $45 billion AWS-3 spectrum auction by securing more $10.8 billion in new spectrum in major markets. But one financial analyst believes that the operator is in dire need of more spectrum, because it has over 40 percent of the industry's postpaid customers on its network and controls less than 20 percent of available spectrum.
ATLANTA--T-Mobile US, Sprint and Dish Network continued to push for the FCC to reserve up to 40 MHz of spectrum for smaller carriers to bid on in the incentive auction of 600 MHz broadcast TV spectrum. The current reserve is capped at 30 MHz. Yet executives from those companies acknowledged that this is just one of many issues carriers, broadcasters and regulators will need to deal with in the months ahead as the early-2016 start date for the auction draws closer.