Sprint Attempted Sale to Comcast, But Nobody"s Buying - DSL Reports
The Wall Street Journal has an interesting piece exploring SoftBank's struggles since acquiring Sprint two years ago. The piece dubs Sprint a "chronic fixer upper" that has plagued SoftBank CEO Masayoshi Son since acquisition, insiders telling the Journal that they didn't believe Son truly understood the logistics of U. S. tower upgrades, and assumed an... Despite the pileup of problems, Mr. Son made a surprise appearance on Sprint’s quarterly earnings call last week to tell investors he remains committed to the “historical turnaround” at Sprint and doesn’t intend to sell it. He left out one telling... Within the past year, Mr. Son and another top SoftBank executive floated the idea of a sale to cable-television giant Comcast Corp. Last week, Sprint reported a net loss of $20 while revenue fell 8. 7% to $8. 03 billion. The company continues to pour money into its network while trying to keep pace with T-Mobile's pricing and policy changes, and while there have been some modest improvements in network performance studies, the company remains in a notably... Shortly after the Nextel acquisition, Sprint got the brilliant thinking of sponsoring NASCAR, for somewhere in the neighborhood of $7 billion, since 2004. I suppose they are learning, as they will no longer be sponsoring NASCAR after 2016. Seriously. Source: www.dslreports.com
