http://www.huffingtonpost.com/2012/03/19/sprint-bankruptcy-risk_n_1363299.html?ref=technology
Long shot risk but still a little nerve wracking.
So what if they do go bankrupt? F*%k 'em.
Beekersguy said:
So what if they do go bankrupt? F*%k 'em.
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lol this coming from someone on T-Mobile who is not doing all that great either? How...ironic...
I use Sprint for business.
T-Mobile just got $4B from the AT&T walk-away, so I'd say they're doing ok.
What would the end result of bankruptcy be for the Sprint subscribers? Bit sucky to see this article a week after switching from tmo to sprint -_-
Beekersguy said:
I use Sprint for business.
T-Mobile just got $4B from the AT&T walk-away, so I'd say they're doing ok.
Click to expand...
Click to collapse
T-Mobile didn't get the money they got the use of spectrum. The money went to DT who kept it. I was on T-Mo for 7+ years I still follow their stuff they are still not doing well.
They're doing better than Sprint - I didn't see an article like this for TMO. lol
Beekersguy said:
They're doing better than Sprint - I didn't see an article like this for TMO. lol
Click to expand...
Click to collapse
Wait til the middle of next quarter. projections will wildly change...
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Not to mention the HuffPost *loves* spreading FUD.
Sent from my calculator watch.
Sounds like someone is just suffering from sour grapes because Sprint objected to the T-Mobile/AT&T merger.
regP said:
What would the end result of bankruptcy be for the Sprint subscribers? Bit sucky to see this article a week after switching from tmo to sprint -_-
Click to expand...
Click to collapse
Probably nothing, we'd still get our phone bills, Sprint would just be out of debt but not in the position to do anything else as far as expanding their network and service. Possibly a buyout would be likely.
Maybe this is what they need, the reorganizing BK....Shed Nextel and replace the decision makers who've been making all the wrong choices the past 2-3 years. Sometimes I feel like they aren't even trying anymore and they have given up, but on occasion a glimmer of hope comes to surface. I've been with them almost 10 years.... They went from bad, to great, then to mediocre.
C'mon Sprint! Do it for Johnny!
You know what is most troubling, no linking to the sources report. And any analysis can make up a bunch of junk and put it online. They do it all the time to numerous companies. This doesn't mean it is true at all.
Korey_Nicholson said:
You know what is most troubling, no linking to the sources report. And any analysis can make up a bunch of junk and put it online. They do it all the time to numerous companies. This doesn't mean it is true at all.
Click to expand...
Click to collapse
That's the HuffPost for ya. ;-)
Sent from my calculator watch.
The worst thing I can see happening from them going bankrupt is being bought out by big red. which would hopefully mean better service for all... It's a reach but I can dream...
mauricehall said:
The worst thing I can see happening from them going bankrupt is being bought out by big red. which would hopefully mean better service for all... It's a reach but I can dream...
Click to expand...
Click to collapse
Thanks, but no. I don't want to even entertain the idea of them being bought out by Verizon or AT&T and us losing our unlimited data and decent pricing plans.
Maybe I'm a low end user but the data speeds I encounter are more than adequate for what I need from my phone. I'll hold tight with Sprint and see how the LTE integration plays out.
Doesn't sound like there's any basis to it.
I guess they did make a deal with the devil
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Sprint can't go bankrupt. If they do they will be bailed out and it won't be by another carrier. In fact there is a federal law that states service will not be terminated due to lack of funding where as needed. Sprint talked about this when it was speculated that Clearwire could go bankrupt
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Just so there's no confusion, I wasn't presenting this article as absolute fact but it addresses rumors pertaining to our carrier so I tossed it up here for discussion.
Korey_Nicholson said:
Sprint can't go bankrupt. If they do they will be bailed out and it won't be by another carrier. In fact there is a federal law that states service will not be terminated due to lack of funding where as needed. Sprint talked about this when it was speculated that Clearwire could go bankrupt
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Click to expand...
Click to collapse
Absolutely, prob wouldn't even notice much of a difference as a customer. Many companies go bankrupt and their clients sometimes don't even know. Tis the new America
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Related
With sprint shares down 25% is there a possibility that the iphone will tank the company? Should we as consumers be worried?
I mean if they do fail will verizon pick them up and att get tmobile? Best bet woulx be for all sprint customers to purchase some shares since they are trading at around 2.20, compared to 29.30 for att...
Only time will tell. Maybe apple will buy sprint.....
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Sprint has existed since 1899.
I think they'll make it though the iPhone.
I think your worrying may be a bit premature...
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Is the sky falling?
Engage brain to keyboard filtration please.
Thks.
20 billion on Iphone 5, 10 billion on LTE rollout, I dont think it's a money issue
craigbailey1986 said:
they are trading at around 2.20, compared to 29.30 for att...
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Click to expand...
Click to collapse
No offense but you that's not really how you should be valuing a stock. Stocks don't all start out at one price and go up or down from there.
oboroninja said:
I think your worrying may be a bit premature...
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Click to expand...
Click to collapse
I never said I was worried I said should we worry....
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ralexand said:
No offense but you that's not really how you should be valuing a stock. Stocks don't all start out at one price and go up or down from there.
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Click to collapse
I was comparing there valuation at this present time. Being that sprint is the third largest cellular provider in usa I was comparing there current valuation.
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stefan.buddle said:
20 billion on Iphone 5, 10 billion on LTE rollout, I dont think it's a money issue
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Click to collapse
How could it not be a money issue when they said they must raise capital to pay for it all in the NEAR future?
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craigbailey1986 said:
I never said I was worried I said should we worry....
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Click to expand...
Click to collapse
Well sounds to me like you are worried. I am not.
Not only that I do sales for a living and I have to raise my capital every year or I wouldn't have a job. That is how a company grows. It doesn't mean the company has no money they just want to grow.
ace0603 said:
Well sounds to me like you are worried. I am not.
Not only that I do sales for a living and I have to raise my capital every year or I wouldn't have a job. That is how a company grows. It doesn't mean the company has no money they just want to grow.
Click to expand...
Click to collapse
Ok..... Like I said just wondering what this all means for the consumer, my ultimate concern is should we look at this as a cinderella story and purchase some shares while they are relatively low or should we not.waste our money.
I just got involved in buying stocks and wanted a view from those in the technology field to give theirs. Often times shareholders paint a scarier picture than those outside that field.
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talking about sprint, nothing to worry about, as stated before they are investing BILLIONS in there strategy, so they know what they are doing , I mean look they sold out of the low end iphone 4s models, so i think they'll be just fine on the iphone side , and as for lte only time will tell how well it does as its not even started rolling out yet.
That is how a company grows. It doesn't mean the company has no money they just want to grow.
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Click to collapse
Sprint's proposal is good for all of us. If they need to raise capital, so be it. Do you think investors are going to look at the possibility of Sprint overtaking at&t as a carrier? We don't need to worry, we have nothing to lose. We should be cheering for Sprint, they are finally making a smart move and we stand to benefit greatly from it. When the LTE buildout is complete and Nextel is gone, we will have one of if not the best network in the states. I don't know what kind of cash Sprint has on hand but I would seek capital if I was making this decision. They can earn interest on their on hand cash while they spend someone elses money? Sure they will pay interest on what they borrow ~6% for bonds, but they can offset this by earning on their cash and they won't be tapping their reserves.
mattykinsx said:
Sprint has existed since 1899.
I think they'll make it though the iPhone.
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Click to collapse
Ok....^ this literally made me LOL.
The only issue here is that major shareholders and analysts are shortsighted. This has all been a knee-jerk reaction to the fact that sprint is spending alot of money in the short-term, and a failure to recognize the huge financial benefit of having arguably the most complete and reliable network in only a couple of years.
Could this shortsightedness kill sprint? Sure, it's a harsh example of the ridiculous and asinine nature of the "stock market", exemplifying the fact that it's all fake and built on people's opinions.
But I've been making and sticking with this argument: Verizon didn't get to be the largest carrier by having the best customer service or the lowest rates; they are where they are because they had the long-term foresight to build the biggest and most reliable network. And now Sprint will have one in 2 years that will rival it (especially in terms of LTE), in addition to having much better plans and price-points.
I have a lot of faith that sprint will come out on top because of this, so long as they can just entertain the wallstreet sheep for the next two years.
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stefan.buddle said:
20 billion on Iphone 5, 10 billion on LTE rollout, I dont think it's a money issue
Click to expand...
Click to collapse
The 10 billion was announced by Sprint themselves. So that's officially being spent. The 20 billion is from a rumor article put out by the WSJ. So only God knows how true that is till it is officially confirmed. If it is ever confirmed.
I agree with the fact invested/shareholders are not looking in the long term. They are scared because Sprint is making such a big financial move in such a short time span. They are more worried about their money like it's grocery money and not thinking of it as retirement money.
The stock is on sale, good time to get in.
Investors were spooked by the 4G strategy announcement, not understanding the long term benefit and the advantages unification of their spectrum gives them which no other carrier has.
Sprint already pays CLWR per their contract; instead of paying them they'll spend on capex for their network for the better LTE on 1900 mHz.
Stock should rise with all the net adds from the iPhone.
The iPhone subsidy...every smartphone is already subsidized anyway. Totally overblown. Not having the iPhone was the reason subs were leaving.
Well I am about gobba buy some shares this week. At 2.20 I should buy about 50 shares
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QUICK... EVERYBODY PANIC!
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Sprint has been frustrating me for the last year, with dropped calls, no service, slow data speeds, when I had amazing speeds, and great coverage from May 2007 - Jan 2011. So, I switched to Big Red. I know it costs more, but I'm getting what I pay for.
The Epic 4G Touch is probably the best phone I've ever owned. And I've enjoyed the support it has received from the talented devs. I really hope Sprint gets its act together, and fixes their network, as I know I'm not the only one who has been complaining about Sprint service.
Maybe I'll be back one day. Keep fighting the good fight. I hope Sprint comes through for you.
tokuzumi said:
Sprint has been frustrating me for the last year, with dropped calls, no service, slow data speeds, when I had amazing speeds, and great coverage from May 2007 - Jan 2011. So, I switched to Big Red. I know it costs more, but I'm getting what I pay for.
The Epic 4G Touch is probably the best phone I've ever owned. And I've enjoyed the support it has received from the talented devs. I really hope Sprint gets its act together, and fixes their network, as I know I'm not the only one who has been complaining about Sprint service.
Maybe I'll be back one day. Keep fighting the good fight. I hope Sprint comes through for you.
Click to expand...
Click to collapse
I thanked you solely for the title of this thread.
Good luck over on VZW.
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blackroseMD1 said:
I thanked you solely for the title of this thread.
Good luck over on VZW.
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Click to expand...
Click to collapse
Agree the title reminds me of something...... something about fish
reddragon72 said:
Agree the title reminds me of something...... something about fish
Click to expand...
Click to collapse
Now I have the song from the movie stuck in my head hahaha
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OP. Were you at the end of your contract?
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I left verizon to go to sprint because my wife didn't want to leave. I struggled for almost 2 years w that crap. I left and went back to verizon recently and we are about to get 4g lte here. I couldn't be happier. Once she comes over I will be paying $20 more a month for vastly different service. Sprint would have been nice had they given what they offered. She has the gs2 also and while its a fantastic phone it is poorly represented on sprints terrible network in my area.
You won't be sad to be paying more. No more mad at the world because I can't receive an mms lol.
I did have to pay to get out of my contract (my phone was the only one with remaining time). I read the ETF fee schedule, and I calculated my ETF at $160. I was hoping to get out of my ETF by using the change in the way Sprint discounts the family plans. I missed the deadline by a few days. However, they said my ETF was $90. And, by buying the phones through Amazon, we saved $400. I'll just put my 4G Touch up for sale, as well as the wife's Evo 4G, and I will more than pay for the cost of the phones, as well as the ETF. I will probably be able to pay most of the first month's bill with that, too.
stkiswr said:
I left verizon to go to sprint because my wife didn't want to leave. I struggled for almost 2 years w that crap. I left and went back to verizon recently and we are about to get 4g lte here. I couldn't be happier. Once she comes over I will be paying $20 more a month for vastly different service. Sprint would have been nice had they given what they offered. She has the gs2 also and while its a fantastic phone it is poorly represented on sprints terrible network in my area.
You won't be sad to be paying more. No more mad at the world because I can't receive an mms lol.
Click to expand...
Click to collapse
Once that LTE comes to your area, you won't be able to wipe the grin off of your face.
Well I got sprint to waive my ETFs but they said I have to return my phones! Wtf?!
What's the point then?
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Hey, just when I thought we were running out of these "I'm leaving" threads, another pops up. #coolstorybro
_metalhead_ said:
so sorry to hear about your departure, you should totally make a thread about it.
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1234567890
I have Verizon for work and have a couple dropped calls a day. Never had one on my sprint. In the Washington dc area
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SwampGoblin might buy your device....
Sent from my calculator watch.
kingdazy said:
SwampGoblin might buy your device....
Sent from my calculator watch.
Click to expand...
Click to collapse
I take it there is a good back-story with this? I'm not up on my politics in this forum, so you will have to forgive me...
I have E4GT as private phone and iPhone 4S from VZM as a business phone.
I know those are different phones with different hardware/software but I counldn't help to notice that I always have better signal and reception with my E4GT.
In some areas where I don't have reception at all with my iPhone I'm still getting signal on my E4GT.
And I moved to sprint from AT&T 2.5 years ago because in my area AT&T had a worse service/signal ever.
So may be sprint is not a fastest network but so far it was the best for me for area where I leave and where I travel most.
niv3d said:
Well I got sprint to waive my ETFs but they said I have to return my phones! Wtf?!
Click to expand...
Click to collapse
How'd you get them to waive it? My data dips as low as 0.05 mbps on Long Island. It feels like 56k dialup. I don't know how Sprint can legally sell data plans on Long Island. It's soooo bad and it's only getting worse. The tower upgrades did NOTHING.
I really don't want to spend hours on the phone trying to convince 10 different reps to waive the ETF. I'm thinking of just paying the $350 ETF, selling the phone on ebay, and switch to AT&T or Verizon. At least their data works here.
What's the alternative? Keep spending $90/month for a data plan that I can't use? Absolutely ridiculous.
Stay Frosty said:
How'd you get them to waive it? My data dips as low as 0.05 mbps on Long Island. It feels like 56k dialup. I don't know how Sprint can legally sell data plans on Long Island. It's soooo bad and it's only getting worse. The tower upgrades did NOTHING.
I really don't want to spend hours on the phone trying to convince 10 different reps to waive the ETF. I'm thinking of just paying the $350 ETF, selling the phone on ebay, and switch to AT&T or Verizon. At least their data works here.
What's the alternative? Keep spending $90/month for a data plan that I can't use? Absolutely ridiculous.
Click to expand...
Click to collapse
Seriously .....rant to sprint we can't do anything, hope you feel better bro
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I picked my nose. I should start a thread about it.
tokuzumi said:
I take it there is a good back-story with this? I'm not up on my politics in this forum, so you will have to forgive me...
Click to expand...
Click to collapse
Swamp Goblin is a dev who happens to be looking for an E4GT so he can start working on new ROM goodness for our phones. He's been looking on Craigslist and ebay but don't think he's had any real success yet. There's a thread that explains it all if you want to contact him.
http://forum.xda-developers.com/showthread.php?t=1572184
Also I think sextape (again not an inside joke) might be looking for one, but don't quote me on that.
I would go to At&t before Verizon. You know At&t is a union company. If my family didn't work for Sprint that is where i would go. At least you know their employees get treated better.
Sent from Team KC's founding member HTC Evo 4G LTE.
http://www.reuters.com/article/2012/10/11/us-sprint-softbank-idUSBRE89A0I520121011
What are your thoughts on this?
jbadboy2007 said:
http://www.reuters.com/article/2012/10/11/us-sprint-softbank-idUSBRE89A0I520121011
What are your thoughts on this?
Click to expand...
Click to collapse
As long as they don't mess with our prices and speed up the 4G rollout I'm happy
It would be great if we could get better roaming rates in Japan, but I don't think it works that way, does it? I don't think T-Mobile users in the USA get cheaper roaming in Germany.
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They negotiating to get a 2/3 stake in Sprint... to get access to Clearwires spectrum that should be global in a few years...
If this helps improve their network, I'm all for it.
Hey what happened to lightsquared lol
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hayabusa1300cc said:
Hey what happened to lightsquared lol
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Click to expand...
Click to collapse
Lightsquared went far more south than that slut on me last week =)
This has some potentials.
2/3 owning state in Sprint would give control to them.
It would give Sprint a pretty healthy infusion of cash.
It gives Softbank access to more spectrum.
It gives Softbank the roaming agreements in the USA that it wanted.
It gives Softbank access to more phone systems they may want and possibly in reverse to Sprint.
It'll drive Sprint's stock price up. Short term anyway.
It has the potential to make Softbank/Sprint and everything else they own one of the largest global cell providers.
More than likely Sprint will continue to be treated independently in the USA under the guiding hand of them. Until they figure out what they want, I suspect pricing, unl data, etc won't change for awhile. After 2 years, anyone's guess tho.
Makes me sad because the possibility of Google buying Sprint goes down further
It wasn't ever gonna happen
Nobody wants sprint's debt
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gtuansdiamm said:
It wasn't ever gonna happen
Nobody wants sprint's debt
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Click to expand...
Click to collapse
TMo and Sprint are definitely seeing gains from Verizon's apathy toward its customers. This Network Vision could really change the game.
We may see a lot of new devices come out too
i knew my "$10 premium data fee" on 4 lines was being used for something!!! it darn sure hasn't been used for getting me "premium data" since I started paying it over 2 1/2 yrs ago!!
"By raising some new equity directly, Sprint would be able to shore up its balance sheet and potentially fund other deals such as a buyout of Clearwire in which it already holds roughly 48 percent."
meccadon123 said:
i knew my "$10 premium data fee" on 4 lines was being used for something!!! it darn sure hasn't been used for getting me "premium data" since I started paying it over 2 1/2 yrs ago!!
"By raising some new equity directly, Sprint would be able to shore up its balance sheet and potentially fund other deals such as a buyout of Clearwire in which it already holds roughly 48 percent."
Click to expand...
Click to collapse
Give it up already. Same post in a few different threads now? C'mon man.
We get it...you hate Sprint and everything about them. Obviously that statement pertains to the cash they'd receive in selling a majority stake in their company.
I wouldn't fathom some of that money we've all been paying has gone towards the biggest network upgrade any cell provider has ever gone through...upgrading every single of their 30,000+ towers? No, it couldn't be something like that.
hayzooos said:
Give it up already. Same post in a few different threads now? C'mon man.
We get it...you hate Sprint and everything about them. Obviously that statement pertains to the cash they'd receive in selling a majority stake in their company.
I wouldn't fathom some of that money we've all been paying has gone towards the biggest network upgrade any cell provider has ever gone through...upgrading every single of their 30,000+ towers? No, it couldn't be something like that.
Click to expand...
Click to collapse
man calm the hell down...we get it..you love where you work(or you're an advocate/lobbyist) and I just posted this...why jump on it if you hate seeing it???
and the irony is...now you have "the same post in different threads"...and why are you STILL going into that thread if you hate it and disagree with 90% of the people in it!!!!!!!!!!!
and your last comment makes no sense!!!!
"Sprint, whose market capitalization was $15.12 billion at Wednesday's market close, is the third-largest U.S. carrier, with more than 56 million users at the end of June, even after losing customers for years.'
Now, how do you lose customers for years and have market capitalization GO UP????????????????? over the last few years?...you charge them ridiculous meaningless fees..and reduce their discounts!!!!thats how!!
master acehole said:
Lightsquared went far more south than that slut on me last week =)
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Rim job
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Got damn! pretty soon China and Japan will buy out the United State. Then we would have to work in the rice farm....SUX
Japan didn't lose in WWII, they just changed the nature of their warfare.
meccadon123 said:
i knew my "$10 premium data fee" on 4 lines was being used for something!!! it darn sure hasn't been used for getting me "premium data" since I started paying it over 2 1/2 yrs ago!!
"By raising some new equity directly, Sprint would be able to shore up its balance sheet and potentially fund other deals such as a buyout of Clearwire in which it already holds roughly 48 percent."
Click to expand...
Click to collapse
It is no longer a premium data fee and they are still the cheapest national provider. Yeah their speeds are sub par but as long as it stays unlimited i dont care and im very happy.
K.0.0.L. said:
Got damn! pretty soon China and Japan will buy out the United State. Then we would have to work in the rice farm....SUX
Click to expand...
Click to collapse
Please dont be one of those ppl that thinks china = japan
i swear i saw like 3 diff versions of this rumor today , i heard full buyout the 2/3rds buyout and i also heard a 11% stake in sprint. now which one is it -_-
im all for a 11% stake cuz that would give them the funds to speed up 4g rollouts just no raised prices please...
*Post Updated 10/15 6:15 am*
Sources:
http://newsroom.sprint.com/article_display.cfm?article_id=2420
http://www.cbsnews.com/8301-500395_162-57532184/softbank-reaches-$20b-deal-to-buy-sprint-nextel/
http://www.sfgate.com/business/bloo...Bets-on-Sprint-as-Softbank-Shares-3948748.php
CBS (emphasis mine):
Softbank Corp. has reached a deal to buy 70 percent of U.S. mobile carrier Sprint Nextel Corp. for $20.1 billion in the largest-ever foreign acquisition by a Japanese company.
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Click to collapse
Sprint Announcement:
After closing, Sprint’s headquarters will continue to be in Overland Park, Kansas. New Sprint will have a 10-member board of directors, including at least three members of Sprint’s board of directors. Mr. Hesse will continue as CEO of New Sprint and as a board member.
Click to expand...
Click to collapse
This will have an impact on how Sprint is run as soon as the deal closes and quite possibly before then as Hesse will start taking steps towards the close. For those of us on Sprint, this is a big deal and why I posted it for discussion before.
how is this a bombshell? just curious? it will help sprint expand there lte footprint
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They need to do something. Period. Obviously, when your revenue goes in to trying to secure a NASCAR contract instead of putting it into the network, something is wrong. Maybe this will be the start of something good. Just my 2¢.
---Jay--- Mobile Moderating from the Nexus™
elliwigy said:
how is this a bombshell? just curious? it will help sprint expand there lte footprint
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Click to expand...
Click to collapse
The third largest carrier being bought (66% and a controlling stake from what I have read) by a foreign investor, much less Japan's 3rd largest carrier is a bombshell. Think when Vodafone got a significant stake in Verizon.
And yes, this is actually good news for Sprint. Don't know what that means from my MVNO - KDDI is a competitor of Softbank in Japan.
jayharper08 said:
They need to do something. Period. Obviously, when your revenue goes in to trying to secure a NASCAR contract instead of putting it into the network, something is wrong. Maybe this will be the start of something good. Just my 2¢.
---Jay--- Mobile Moderating from the Nexus™
Click to expand...
Click to collapse
Possibly the best thing that could happen is a shakeup of the board and Hesse either put on warning or replaced as CEO. Sprint can be profitable again but it will take many years to do so. Softbank has always had a tough fight in Japan and yet they're still around.
All in all I don't see this as a bad deal.
as long as i can still have my SERO acct i'll stay with them. if i lose it, then i'll have to drop them. i locked - so far - on unlimited data on verizon. sprint's coverage has been getting progressively worse around my area which is mostly rural.
With Google's investment in lg for there next nexus device and the specs on the lg optimus g coming to sprint I don't think I will be able to resist. So for me it's lg or bust
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cas8180 said:
With Google's investment in lg for there next nexus device and the specs on the lg optimus g coming to sprint I don't think I will be able to resist. So for me it's lg or bust
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Click to expand...
Click to collapse
I refuse to believe LG is making a nexus device, especially considering all these leaked images have "with Google" printed on the back and not just "Google"
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squshy 7 said:
I refuse to believe LG is making a nexus device, especially considering all these leaked images have "with Google" printed on the back and not just "Google"
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Click to expand...
Click to collapse
OK you can live in denial ; )
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was I right when I read it only will come with 8 and 16gb internal storage, no SD?! If that's true(and not just an early spec rumor that changes with the wind) that's a total deal breaker for me.
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Since when was this the talk about the next nexus thread?
Back to the subject at hand... I think at this point Sprint could use all the help they can get. Network Vision is taking too long to be rolled out.
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madsquabbles said:
as long as i can still have my SERO acct i'll stay with them. if i lose it, then i'll have to drop them. i locked - so far - on unlimited data on verizon. sprint's coverage has been getting progressively worse around my area which is mostly rural.
Click to expand...
Click to collapse
my thoughts exactly
not sure how I feel about my telecommunications being owned by a foreign entity though
Amd4life said:
my thoughts exactly
not sure how I feel about my telecommunications being owned by a foreign entity though
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You'd be surprised how much foreign investment is done to our telecom companies... but I think this is the biggest stake that I can recall. We'll see how it goes, I'm willing to wait for now and see what happens.
garwynn said:
You'd be surprised how much foreign investment is done to our telecom companies... but I think this is the biggest stake that I can recall. We'll see how it goes, I'm willing to wait for now and see what happens.
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The current telecom industry is stagnated. ATT and VZ are satisfied with the status quo because all they're doing is raking in the money for its American and Foreign investors. They do not care about anything as long as the money keeps flowing and they will do the bare minimum to maintain or increase the money flow.
There's a huge thread on s4gru already discussing this but I'll repeat what I said there, here.
http://s4gru.com/index.php?/topic/2296-japans-softbank-in-talks-for-128-bln-sprint-stake/
The investment by an aggressive and well led asian corporation such as SoftBank can only be seen as a good thing. There is a huge difference in mentality between us "Americans" and westerners vs those in Asia.
Whereas most American / Western investors demand and want their investments to be maximized in the least amount of time, Asian corporations tend to look at what they can sacrifice now for the benefit of tomorrow.
SoftBank is a telecom corporation that went from 700K subscribers to over 2.7 million in a year by aggressively undercutting the other telecoms. They see how stagnated America telecoms are and they see it as a perfect opportunity to shake things up.They're investing in sprint via buying 75% (?) of Sprints stock because they see the future of american telecoms and see that out of them, Sprint is the one that has an actual plan for success. A plan that is painful for many of us temporarily but will ensure that Sprints network will be one of the better ones - if not the best for the future.
They agree with what Dan hesse has been doing and want to be part of it. They're looking at the future and not the present as most of us are and THAT is why Asian corporations have been able to undercut and outdo American and western corporations. They look 2 steps ahead of us. Whereas we look at the next quarters, the next year. They look at the next year, 5 years, 10 years.
This can only be a good thing for us.
lilotimz said:
The current telecom industry is stagnated. ATT and VZ are satisfied with the status quo because all they're doing is raking in the money for its American and Foreign investors. They do not care about anything as long as the money keeps flowing and they will do the bare minimum to maintain or increase the money flow.
There's a huge thread on s4gru already discussing this but I'll repeat what I said there, here.
http://s4gru.com/index.php?/topic/2296-japans-softbank-in-talks-for-128-bln-sprint-stake/
The investment by an aggressive and well led asian corporation such as SoftBank can only be seen as a good thing. There is a huge difference in mentality between us "Americans" and westerners vs those in Asia.
Whereas most American / Western investors demand and want their investments to be maximized in the least amount of time, Asian corporations tend to look at what they can sacrifice now for the benefit of tomorrow.
SoftBank is a telecom corporation that went from 700K subscribers to over 2.7 million in a year by aggressively undercutting the other telecoms. They see how stagnated America telecoms are and they see it as a perfect opportunity to shake things up.They're investing in sprint via buying 75% (?) of Sprints stock because they see the future of american telecoms and see that out of them, Sprint is the one that has an actual plan for success. A plan that is painful for many of us temporarily but will ensure that Sprints network will be one of the better ones - if not the best for the future.
They agree with what Dan hesse has been doing and want to be part of it. They're looking at the future and not the present as most of us are and THAT is why Asian corporations have been able to undercut and outdo American and western corporations. They look 2 steps ahead of us. Whereas we look at the next quarters, the next year. They look at the next year, 5 years, 10 years.
This can only be a good thing for us.
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Thanks for the S4GRU link. Will head over there sometime to read up - I often use that as my go-to source for NV.
Not an in depth article but mirrors the sentiment that it's good news. 19%, while modest to some, is a good sign.
http://money.cnn.com/2012/10/11/technology/mobile/sprint-softbank/index.html
I don't see this as much of a bombshell or big deal. It's how corporations run.
Off/on topic. Lil lady works for sprint and there is zero talk about this at her work. You'd think with 500 plus people, contractors included, they would be asking questions around the "water cooler".
But nothing.
I've been in "purchases". From Southwestern Bell to SBC to Att. Just nothing is odd to me.
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I doubt the worker ants have any clue what's going on.
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Mattix724 said:
I doubt the worker ants have any clue what's going on.
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You'd think if it was making headlines in the tech field, people would be talking.
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http://www.tmonews.com/2013/07/investor-sees-t-mobile-as-takeover-target-for-dish-network-sprint/
I honestly don't want either to take over. But if I had to choose, I'd choose dish.
With me just coming from Sprint I have this to say
You would have to shoot me in the face to get me to ever give another penny to Sprint. Their 3g data speeds are horrific in most places (even in places that have network vision dine, it's just "meh" speed, still sub par) I could never get above a 20 kb/s download rate. Not to mention how much more expensive they are with their plans (when I was with then, I had the cheapest available, 450 min and unlimited everything else for 69.99 a month.) Back in the day, Sprint could compete, but they let their towers become dated and do to little to late when they finally do decide to do something about it. Not to mention hour they boned their wimax phone buyers.
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Rather it be Dish than Sprint. Had a 4g phone since wimax came out... then LTE.... Still no 4g in Savannah. I said goodbye to them when the S4 came out and switched to tmo. Got them to cancel the early termination fee because of the past few years of bad service in the entire Southeast area of GA and SC. Took a week of convincing.
Then Tmo: It was instant "oh this is what 4g is like!" Roommate is still getting 10-100 KILObytes on Sprint, while I'm getting 15-26mb on Tmo. Suck it Sprint.
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You realize that if sprint took over they would use t mobiles existing network, right?
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Skipjacks said:
You realize that if sprint took over they would use t mobiles existing network, right?
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This.
And with what money is Sprint buying anyone, TMo isn't exactly Virgin Mobile.
Skipjacks said:
You realize that if sprint took over they would use t mobiles existing network, right?
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Lol yes. Very well aware. Different tech. It's just the thought of being a customer of a Sprint owned anything. Seeing them fail so much.
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Thats hillarious. Sprint DOES NOT have the money to take over a network that is triple in size to the one they already have. I also don't see how a tv company wants a cell phone network. I think its a load of garbage. Yes i read the link in the OP. T-Mobile is doing better than a lot of its competition, i seriously don't see Sprint "taking them over". Thats a laughing joke lol. Sprint sucks beyond sucking xD
Skipjacks said:
You realize that if sprint took over they would use t mobiles existing network, right?
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yes but if sprint takes over, they will probably let the towers become dated like they did their own and we wont see these speeds for long
Seems to me that AT&T tried this not too long ago. The result? Fed Govt said "Nope, not going to happen" AT&T got pissy and walked away.. but not before paying T-Mo a pretty sizeable chunk of cash because the merger didn't go through.
Don't see anyone picking up T-Mo in the near future.
ronin4740 said:
Seems to me that AT&T tried this not too long ago. The result? Fed Govt said "Nope, not going to happen" AT&T got pissy and walked away.. but not before paying T-Mo a pretty sizeable chunk of cash because the merger didn't go through.
Don't see anyone picking up T-Mo in the near future.
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Exactly. Don't know hat anything has changed either for the Fed to rule otherwise.
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I think this has been rumored for a while and I don't think it will ever happen. T-mobile's patent company, Deutsche Telekom, is a massive company and I don't think they would let tmo go.
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Dish and sprint don't have that kind of money to take over tmobile ...
>O/C GalaxyGS4<
yeah as it was said AT&T tried to buy them out and the US government put a big red flag in that. people (such as myself) are leaving sprint to go with tmo because of the better service and price. plus, not sure if youve seen/heard the commercials but AT&T are trying to stay afloat by copying tmo's not contract deals... oh and to the guy who said something about a tv company buying a cell company.... even though verizon started as a phone company im fairly certain that their tv/internet service is pretty amazing.
TheAtheistOtaku said:
http://www.tmonews.com/2013/07/investor-sees-t-mobile-as-takeover-target-for-dish-network-sprint/
I honestly don't want either to take over. But if I had to choose, I'd choose dish.
With me just coming from Sprint I have this to say
You would have to shoot me in the face to get me to ever give another penny to Sprint. Their 3g data speeds are horrific in most places (even in places that have network vision dine, it's just "meh" speed, still sub par) I could never get above a 20 kb/s download rate. Not to mention how much more expensive they are with their plans (when I was with then, I had the cheapest available, 450 min and unlimited everything else for 69.99 a month.) Back in the day, Sprint could compete, but they let their towers become dated and do to little to late when they finally do decide to do something about it. Not to mention hour they boned their wimax phone buyers.
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You couldn't be more correct about sprint speeds theyve bought people with there cheap lets get 10 people on a line call it a family plan... thats Soooo affordable crap..... and then throw you some 30 kb dload speeds...
Sprint should have went under along tine ago, even metro is better than them
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Damn, other carriers be jelly.
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So is there any actual factual information proving all these points being mentioned. I mean unless anyone here is a top corporate executive or has a mole in the company?
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On the other hand Tmo can take over Sprint and put that company out of business once and for all and put their customers out of their misery.
Sprint will be a lot better in a year. They have cash now because of Softbank. I was surprised they came out with the plans they did just recently but hopefully they lower them so that should help all of us.
sweets55 said:
Sprint will be a lot better in a year. They have cash now because of Softbank. I was surprised they came out with the plans they did just recently but hopefully they lower them so that should help all of us.
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Sprint will never have good towers. They are trash. They've had two years to improve since I've left them. My cousin still has them. They suck. They aren't going anywhere.
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I'd have little problem with Dish, it could end up benefiting both sides. Still, T-Mobile stands to benefit less from a takeover now than they would have in the past. On the upswing as a carrier, or so it seems.
US wants 4 "major" carriers so unlikely tmo and sprint would merge anymore than tmo and at&t merger was approved by feds.
As for Dish (puke) they can't hardly run tv without being aluminum siding/used car salesmen. They'd be worse than the old nextel (which is where sprint got 95% of their terrible rape, pillage and burn customer service habits).
Full disclosure: was sprint customer almost 10 years (yes im a suicidal masochist lol) before givi g up in disgust & going to att for 3 and now on tmo.
TBH, only went with tmo because of pretty seamless wifi calling (no carrier signal works worth a dam at my house)
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