Sprint CEO Marcelo Claure left for Japan yesterday to meet with SoftBank CEO and Sprint Chairman Masayoshi Son to discuss Sprint's network densification project. According to one Wall Street research firm, Sprint may soon boost its capital expenditures for 2015 once Son signs off on the plan.
SoftBank CEO Masayoshi Son promoted former Google executive Nikesh Arora to the role of president of SoftBank--and essentially designated Arora as his successor, an indication that SoftBank will continue to look beyond its native Japan for growth. Son said SoftBank, which controls 80 percent of Sprint, will be a global company and will continue to invest in mergers and acquisitions following its $21.6 billion deal to take control of Sprint in 2013.
Ericsson and the Global M2M Association (GMA) will showcase their "revolutionary" new Multi-Domestic Service at Mobile World Congress 2015. The GMA calls it one of the most innovative M2M connectivity management services on the market, enabling global deployment and management of M2M and Internet of Things services.
Sprint parent SoftBank plans to clear out most of the staff of its Silicon Valley offices, according to a Reuters report, following SoftBank's aborted effort to merge Sprint with T-Mobile US.
Sprint decided to go after Verizon Wireless and AT&T Mobility and not T-Mobile US with its new half-off billing price promotion because Sprint has seen a positive response in attracting Verizon and AT&T customers with its existing shared data plans, according to Sprint CFO Joe Euteneuer.
Multiscreen service provider MobiTV has partnered with TV Bank, one of Japan's largest online video providers, to help extend its new pay-TV service, BBTV Next, to connected devices for all its subscribers.
Sprint CEO Marcelo Claure said "you ain't seen nothing yet" in terms of how aggressively and clearly Sprint intends to push its message that it offers the best value in the U.S. wireless market. Claure indicated that new executives will be joining the company in the next 60 to 90 days to replace ones who are leaving, and said that while "it's just the beginning of a very long journey" he is encouraged about the carrier's turnaround prospects.
Sprint is expected to report weak subscriber results for the third quarter, according to estimates from financial analysts, but an even bigger spotlight will be on new CEO Marcelo Claure's vision for reviving the company's results and boosting its network performance.
Sprint named an executive from its parent company SoftBank as its new top network executive. The posting comes at a time when sprint is trying to catch up to its rivals in LTE network coverage and expand its deployment of its tri-band Spark LTE service, especially via TD-LTE using 2.5 GHz spectrum.
Sprint parent SoftBank is looking to expand its reach in the Western Hemisphere by investing in Mexican wireless carrier Grupo Iusacell as part of an effort to ride growth in the Latin American market, according to a Bloomberg report.