Does the acquisition of the third largest wireless carrier in the U.S. by a foreign company pose a security risk to the U.S. telecom infrastructure? Yes, say two senior U.S. lawmakers.
Senators Charles Schumer (D-N.Y.) and John McCain (R-Ariz.) sent separate letters to U.S. federal agencies reviewing Japanese wireless carrier Softbank's acquisition of U.S. carrier Sprint, advising them to consider the security risks of the proposed acquisition.
In apparent response to pressure from Clearwire's minority shareholders, majority shareholder Sprint has bumped up its offer for the rest of Clearwire to $3.40 per share from a previous $2.97 per share, an offer that would value the wireless provider at $10.7 billion.
LAS VEGAS--Messaging provider Pinger earns an average of roughly 64-65 cents per month from each of its users, primarily from advertising. Greg Woock, Pinger's co-founder and CEO, provided the figure during a discussion here at the CTIA Wireless 2013 trade show about the effect over-the-top messaging providers are having on wireless carriers' traditional voice and messaging businesses.
Sprint Nextel prepaid brand Boost Mobile launched an Android-based mobile wallet service powered by Wipit that will let consumers load cash to their wallet, pay their bills, top-up their account, transfer funds and send money to other countries. In addition, customers will get a reloadable Visa prepaid card that is linked to their mobile wallet account.
Clearwire's minority shareholders are expected to reject a buyout offer from majority shareholder Sprint, according to analysts consulted by Reuters.
Sprint Nextel and social networking app Path have formed a partnership making it easier for Sprint users to find the app without having to search through the Google Play storefront. Users with Sprint's Samsung Galaxy S4, HTC One or Torque devices will have the Discover-It widget preinstalled on their phone, and the widget will spotlight select apps that Sprint recommends, including Path.
The Securities and Exchange Commission has given Softbank the go-ahead to mail out proxy statements for its offer to buy 70 percent of Sprint Nextel for $20 billion.
Japan's Softbank is not planning to raise its $20 billion bid to acquire control of Sprint to match Dish Network's $25.5 billion bid for the United States wireless carrier, an executive at Softbank told Bloomberg.
Almost a decade after Qualcomm's MediaFlo, Crown Castle's Modeo and Aloha Partners' Hiwire first tested the mobile TV game, with less-than-stellar results, a new crop of startups are rolling out essentially the exact same technology with hopes for a very different outcome.