Wireless company iPCS is a legal thorn in Sprint’s side no longer. This morning, Sprint said it would acquire its litigious affiliate for $831 million, including the assumption of $405 million of net debt.
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Sprint has found a novel way to improve its network operations: Turn them over to Ericsson. On Thursday, the wireless carrier announced a long-rumored plan to outsource its network to Ericsson.
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Looks like Sprint is going to keep Nextel after all. Seems it views Nextel’s iDen walkie-talkie network as “a key differentiator” against rivals and plans to aggressively rejuvenate it. Never mind that Nextel might fetch as much as $5 billion that could be used in the company’s market share battle with Verizon Wireless and AT&T. Never mind that it has been hemorrhaging customers even faster than Sprint, adding to the company’s financial woes. Never mind that Sprint CEO Dan Hesse earlier this month said an iDEN sale was a possibility, telling reporters that “everything is on the table.”
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To some, Sprint’s longstanding reputation for lousy customer service, poor network coverage, high churn and Keystone Kops-style management disorganization might be a bit–how can I put this delicately–off-putting. The beleaguered company’s subscriber numbers are dropping like failed calls, as are its shares. Sprint’s stock price has fallen nearly 60% over the past 12 months. It [...]
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