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From KC Star newspaper (Sprint HDQ is Overland Park, KS- near Kansas City):
July began with SoftBank Corp. in Tokyo buying 78 percent of America’s No. 3 wireless carrier.
SoftBank has pumped $5 billion into Sprint’s checkbook and installed its own founder, Masayoshi Son, as chairman. Sprint used some of that money to buyout its longtime wireless network partner Clearwire Corp.
After years of repairs to its reputation and struggles to overcome an ill conceived merger with Nextel, Sprint finally has the resources it needs to do battle. “I have great hopes for Sprint,” said analyst Roger Entner at Recon Analytics. “We’re out of excuses.”
Investors are hoping for some details Tuesday on how the new partners will challenge Verizon, AT&T and T-Mobile.
What vision does SoftBank’s Son have for Sprint’s future? Mr. Son has said he won’t take part in the traditional quarterly chat session with Wall Street analysts, though some were looking forward to hearing from him.
Is a price war in Sprint chief executive Dan Hesse’s plans to lure customers away from AT&T and Verizon?
How quickly can Sprint overcome its laggard’s start in the industry-wide race to deliver faster Internet connections for smartphones with LTE technology? Short for Long Term Evolution, LTE makes videos run smoothly on smartphones, downloads apps quickly and posts photos online in a snap.
From Mike Finegan, Sprint’s Manager M2M Solutions Engineering and good friend of IEEE ComSoc SCV chapter:
A few highlights regarding the Sprint/Softbank combination:
-The new, combined Sprint and SoftBank company is already among the top three communications companies in the world in terms of size of our customer base and revenue. Our buying power commands a position among the most powerful names in all of global business and places right up top in terms of all of our manufacturing partners’ biggest customers, globally.
-Sprint now has a whopping 185 MHz of spectrum. ATT has 106 MHz; VZ has 107 mhz. Sprint greater access to frequency ranges may give our customers the advance of a network that can handle higher levels of bandwidth.
-Motley Fool/Alexander Cho writes on July 3: “ Sell ATT and VZ: Sprint has an Overwhelming Advantage”
-$16B in capital will be invested in 2013 and 2014 as we build the world’s best network – a huge increase from our previous plans.
-A new innovation center will be built in the Silicon Valley to drive innovation and new technology with as many as 1000 employees.
-Guaranteed Unlimited is launched as an industry first!
-Headlines like: “Sprint/SoftBank Shake Up Wireless” and “Sprint: Buy for Awesome Spectrum Position” light up the news.
-Deutsche Bank issues a buy rating and an $8 price target for Sprint. Calls Sprint “the new king of spectrum with more bandwidth available for LTE than all its national competitors combined”
-We are now among the largest and strongest companies on Earth. We are investing more than ever in our network. We are committed to be innovators in the industry and in the world of technology.