I am not sure but I'd say Son seen a Great time and Share price to raise the controll to 84% and at the same time lowering his 1st investment of $7.30 a share he paid for Sprint . I myself as a Long investor in most stock see it as a Average Down Play and has work good for me over the years.
Long time ago someone asked me if you thought a stock was worth say $5.00 a share and bought it why isn't that same share is not a buy at $2.00 ?. if it has a consumers need .
Son has shown he is not affraid to join hands with anyone and the Dish partnership along with google and the Spectrum shareing with smaller carriers is a fact nobody can argue and that fellow posters is a fact
Seems a few good things may come out of this announcement .
(1) joint ventuture with a cable / sat company ( or a number of Companies )
(2 ) A specrum Pool with a few Big Names Companies.
(3) DT may have come to a partnership agreement with Sprint and by passed any merger all together since nobody ever laid down a bid on the table.
any of the above would send Sprint shares to much higher value
The only thing Not Right the share price is not as high as it should be but Son is working on that also.
compared to the Old Company and ownership Sprint has had a lot of Good things going on and as Son said when he bought it we have work to do and it will not happen over night..
Sprint is in a major turn around cutting wireless prices spending and building the new network all at the same time and entering Partnerships like the one with Dish / Google and the smaller carriers on spectrum shareing and all it would take to drive it to the top would be a major Partnership with a cable / sat. company or maybe even a number of them.
Son has show a great interest in Sprint and has shown he is open to many things such as Partnerships something that has not been done before in the wireless sector in past years and one must remember there are ways to get to the top and it doesn't need to be thru high priced mergers..
Only thing anyone needs to know about a lease program ( no matter what the product is ) a customer pays for the use of something you never own unless you are able to buy it at the end of the lease like a auto . Them are the facts..
May 8, 2012. ( RCR wireless news )
Clearwire President and CEO Erik Prusch noted in a meeting with RCR Wireless News that the carrier’s agreement with China Mobile to boost work with TDD-LTE. Prusch added that support for Band 41 should continue to grow as it remains the only globally unified spectrum band to support LTE services.
So lets get the true facts out ..
Old Sprint was in the area of $60 or more then they made the bad choice of the Nextel merger and trying to make two different networks work later finding it was a major mistake after large amounts of cash spending to get it to work.
Then there was management BOD and CEO that seemed to be scratching in all directions at once to correct the bad .
Then as all that failed customer service dropped to a all time low and that drove the stake even Deeper.
Now years later a New Owner comes along with a Great track record and hires a CEO with the same proven back ground to run the company and was also the owner of Brightstar.
Brightstar is the #1 specialized wireless distributor in the world and a leader in innovation and diversified services for the wireless industry.
Now another New Network change has been in the making the past 2 years . only new to the U.S. but with another proven tract record used in many countries through out the Globe.
Now that phone makers build to products in order to enter the markets other countries through out the globe such as Apple has Sprint will be ready for then here in the U.S. with much better service and higher proven speeds.
I,am Long and looking for Sprints shares to climb much higher and in the ball park of $30/$40 where the other three players are and the New Network and cost cutting should do it with maybe a few more Partnerships along the way.
so whats another rumor there have been many since Sprint walked away and even they did not lay a bid on the table . then it was Dish and Google now comcast and even apple was mentioned but in the End that is all what it was about RUMOR
I agree clueless Dave is behind times and should be in investment #1 class. Sprint was the last of the major carriers to hold out on paying these charges and Verizon and AT&T both paid already the amount they was fined . Sprint felt at the time the tax was not just and the fine N.Y. was seeking was to high so they took it to the courts.
Keep in mind other carriers was also charged with not paying the same tax so if you took time to research you will find it was Old News and
Seems like the Street only calls shots they can profit on after buying at lower prices .. Nothing new about that as everyone looks for shady ways to turn a profit
Aqua on the brain .....why you need more then 1 id ?. don't you have the Balls to stand on your on post without the help of other ids to give you your thumbs up..
That is the main reason why people should never take a message board serious cause people with Multi ID's sling nothing but #$%$
Was that before or after it was at 60/80 dollars... seems you left that part out
Agua brain........ what part of Son don't you understand ? you should know by now any move Sprint / Son makes you only hear about it afterwards .
Hear we are dealing with a major owner that spreads No Rumors and leaks No Info until only he approves it .
So I say Mr market get use to it.
that is not so hard to figure out but like any other company them cost have been passed onto the consumers.
But if there has been wrong doing and the FCC finds in favor of the smaller carriers it could save some money i guess but lets not forget what one has charged i am sure the others also charged ( Meaning Sprint ) so will that cost be all that much if Sprint or any other carrier has to stop. Lets face it they agreed to pay them cost in order to provide a service to make money . Maybe not as much as they wished to make but they did turn a profit they all just pass the buck.
you sure worry about Mr. market and my guess by Monday it will be mostly forgotten that is unless that facts hit the press.