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Sprint Corp. and T-Mobile US Inc. have rekindled merger talks, people familiar with the matter said, as the wireless rivals explore a combination for the third time in four years. The latest discussions come just five months after a previous courtship collapsed largely over who would control the combined firm.
Shares of Sprint Corp. spiked higher in midday trade Tuesday, enough to trigger a trading halt for volatility, after The Wall Street Journal reported that the telecommunications company had restarted merger talks with T-Mobile U.S. , about five months after previous deal talks were abandoned. Sprint's stock was up about 0.4% when the WSJ reported deal talks had restarted, but were preliminary, then it shot up about 6.2% before the trading halt. After resuming trade, the stock rocketed up 17% at a four-month high. T-Mobile U.S. shares shot up 5.9%, while the U.S.-listed shares of SoftBank Group Corp. , which owned a majority stake in Sprint, ran up 4.9%. Sprint's stock was still down 9.6% since the T-Mobile merger talks were abandoned after the Nov. 3 close, while the iShares U.S Telecommunications ETF has lost 3.2% and the S&P 500 has gained 2.5%.
Sprint's stock resumes trade, soars 11% after WSJ report of T-Mobile deal talks
Sprint's stock spiked up 6.2% prior to trading halt after WSJ report of T-Mobile deal talks restarted
Sprint's stock halted for volatility
Sprint, T-Mobile restart preliminary deal talks--WSJ
SoftBank Group Corp. is in talks to buy a stake in reinsurance giant Swiss Re AG that could be worth $10 billion or more, in the latest example of the Japanese conglomerate's soaring ambitions. The deal being discussed calls for the purchase of up to a third of Swiss Re's shares at a premium, according to people familiar with the matter.
Shares of Sprint Corp. were up nearly 5% in premarket trade on Friday after the company reported third-quarter earnings that were above Wall Street expectations. Net income for the quarter was $7.16 billion, or $1.76 per share, after a net loss of $479 million, or loss of 12 cents per share during the same quarter a year ago. FactSet's consensus was for a loss of 4 cents. The company said it had a a $7.1 billion non-cash benefit from the federal tax overhaul, which impacted net income. Revenue for the quarter was $8.24 billion, down from $8.55 billion in the year-earlier period, but above FactSet's $8.16 billion revenue consensus. Sprint had its tenth consecutive quarter of postpaid phone additions, adding 184,000. The company added 256,000 net postpaid additions. The company also said it plans to continue to improve its next-gen network and provide a path to 5G wireless connectivity. Shares of Sprint have declined more than 40% in the last 12 months, while the S&P 500 index is up close to 24% and the Dow Jones Industrial Average is up nearly 32%.
Sprint shares jump 4.7% premarket
Sprint Q3 postpaid net additions 256,000
Sprint Q3 FactSet consensus loss per share 4 cents; revenue $8.162 bln
Sprint Q3 revenue $8.239 bln vs. $8.549 bln
Sprint Q3 earnings include $7.1 bln favorable impact from tax reform
Sprint Q3 EPS $1.76 vs. loss 12 cents
Sprint and T-Mobile US have rekindled merger talks, as the wireless rivals explore a combination for the third time in four years.
As part of an ongoing digital transformation effort, executives say they’re working to develop AI-powered software that could help call center representatives with customer inquiries.
Credit Suisse made double-digit percentage Q4 investment changes. It raised the GE stake by a quarter.
Uber Technologies Inc. is gearing up for battle in Asian markets against Didi, Ola and Grab—all ride-hailing services with investments from Japan’s SoftBank Group Corp.
U.S. consumers are using their old iPhones and Galaxy S’s longer—or buying refurbished models, the way they buy used cars—depressing Apple and Samsung’s new-smartphone sales.
Top U.S. carriers are taking split paths, both technically and geographically, through the country as they plot out the upgrade of their wireless networks.
SoftBank is on a shopping spree, investing billions in firms such as Uber and WeWork, both directly and through an affiliated tech fund. People who know SoftBank CEO Masayoshi Son describe his style as alternating between methodical and haphazard.
Maybe, someday, the experience won’t be so lousy.
Airbus, Delta, Sprint and two U.S. satellite-services providers have kicked off an initiative to enhance Internet access on airliners.
If you’ve heard some terms you’d like to understand better, here’s one guide to check out.
Two top commercial satellite operators agreed to team up on a plan to clear some of their wireless spectrum for use by other companies, a move they say would spur new telecom investment.
Cheap wireless plans might be harder to find this year, as the two most aggressive U.S. wireless carriers, Sprint and T-Mobile US, are signaling they will scale back discounting.
SoftBank Group is in advanced talks to buy a stake in reinsurance giant Swiss Re that could be worth $10 billion or more, in the latest example of the Japanese conglomerate’s soaring ambitions.
The technology and investment conglomerate said it is planning to list its Japanese mobile-carrier unit, in part to have billions more in money to invest.
Sprint’s planned addition of a commercial fifth-generation network would put it roughly in line with its rivals’ rollout plans as it charts a new course following the collapse of merger talks late last year with T-Mobile US.
Among the companies with shares expected to trade actively in Friday's session are Apple, Amazon.com, Alphabet, Visa, Sprint, Mattel, Merck and Viacom.
He likes O’Reilly Automotive and Cinemark
The Japanese conglomerate is considering listing roughly 30% of its cellphone unit on the Tokyo Stock Exchange, as well as a separate listing overseas, possibly in London.
Sprint and T-Mobile US have rekindled merger talks, as the wireless rivals explore a combination for the third time in four years.
It may seem hard to imagine, but Sprint is rumored to be back in merger discussions with T-Mobile.
Sprint, T-Mobile jump on report deal talks have restarted (updated)
Snap (SNAP) is exploring the idea of opening a local office in Saudi Arabia, according to CNBC.
Sprint, T-Mobile jump on report deal talks have restarted
Sprint settles with FCC over unreviewed tower construction
In 4Q17, AT&T gained 329,000 postpaid phone net customers. It posted a loss of 97,000 postpaid phone subscribers in 3Q17.
Analysts have given Verizon stock a 12-month target price of $56.08, suggesting a 19% return based on its closing price of $47.16 on April 2.
Analysts expect AT&T’s wireless service revenues from its combined domestic operations to decline ~3.0% year-over-year to reach ~$14.1 billion in 1Q18.
Technical indicators, which help predict stock trends, are crucial to traders and investors as they make market entry and exit decisions.
Analysts expect AT&T’s combined domestic wireless operations EBITDA to decrease ~2.4% year-over-year to reach ~$7.0 billion in 1Q18.
Wall Street analysts expect AT&T’s total revenues to fall ~0.2% year-over-year to reach ~$39.3 billion in 1Q18.
Analysts expect AT&T’s (T) 1Q18 adjusted earnings per share to reach ~$0.87 in 1Q18, up from $0.74 in 1Q17.
As of April 2, 2018, Verizon’s (VZ) market capitalization was ~$192.4 billion, making it the second-largest US wireless service provider.
In 4Q17, Verizon reported a postpaid phone churn rate of 0.77%, marking the 11th consecutive quarter with a postpaid phone churn rate under 0.90%.
Wall Street analysts expect 10,000 prepaid subscriber net losses for Verizon in 1Q18 due to competition growing in the prepaid market.
Charter’s (CHTR) closing price on March 28, 2018, was $306.26. Based on that price, Charter has a market cap of ~$72.8 billion.
In 4Q17, T-Mobile (TMUS) added 891,000 postpaid phone net subscribers and AT&T (T) added 329,000.
Sprint Chicago Challenges Local Corporations to Help Nonprofits Find Career Paths for Opportunity Youth
Virgin Mobile USA to Partner with 1MillionProject, Help Connect Students to Succeed in School
Sprint Scores with Newest Network Innovation - Sprint Magic Ball
United States : Emergent BioSolutions Announces Executive Management Changes That Enhance Execution of Companys Growth Strategy
Data Projects That the Wireless Telecommunication Towers Market is set to Grow
Wireless Communications Stocks' Research Reports Released on America Movil, Public Joint-Stock Company Mobile TeleSystems, SK Telecom, and Sprint
National Geographic And Sprint Announce Winner Of CHASING GENIUS: Unlimited Innovation -- Awards $25,000 Prize To Turn Idea Into Catalyst For Change In The World
Sprint Corporation Announces Closing of Private Placement Offering of $3,937,500,000 of Wireless Spectrum-Backed Notes
United States : Charter Names Danny Bowman Chief Mobile Officer
Today's Research Reports on Stocks to Watch: Sprint and AT&T
Sprint Corporation Announces Pricing of Private Placement Offering of $3,937,500,000 of Wireless Spectrum-Backed Notes
Sprint Corporation Announces Private Placement Offering of Wireless Spectrum-Backed Notes
Glancy Prongay & Murray LLP Commences Investigation on Behalf of Sprint Corporation (S) Investors
Sprint Accelerator Announces 2018 Class
Sprint Offers iPhone X for 50 Percent Off; Best Price Among All Carriers at Only $20 per Month with Sprint Flex
Sprint President & CFO Michel Combes to Speak March 7 at Deutsche Bank's Media, Telecom & Business Services Conference
AT&T, Sprint, T-Mobile and Verizon unveil next-generation mobile authentication platform details
Sprint Magic Box Wins 2018 Global Mobile Award for Best Mobile Technology Breakthrough
Sprint Unveils Six 5G-Ready Cities; Significant Milestone Toward Launching First 5G Mobile Network in the U.S.
Free Research Report as Sprint Reported Better Than Expected Results
Sprint Corp. provides wireless and wired telecommunications services. The company operates through two segments: Wireless and Wireline. The Wireless segment offers wireless services on a postpaid and prepaid payment basis to retail subscribers and also on a wholesale and affiliate basis, which includes the sale of wireless services. The Wireline segment provides a broad suite of wireline voice and data communications services to other communications companies and targeted business and consumer subscribers. In addition, it also provides voice, data and IP communication services to Wireless segment, and IP and other services to cable Multiple System Operators. Sprint was founded on October 5, 2012 and is headquartered in Overland Park, KS. (See Full Profile)
| Name | Chg % | Market Cap |
|---|---|---|
| Telephone & Data Systems Inc. | $3.11B | |
| TELUS Corp. | $21.03B | |
| Frontier Communications Corp. | $634.32M |
