Filed under: Cellphones

Still committed to iDEN, eh? After another relatively brutal quarter of lost cash, lost subscribers, and lost opportunities, word on the street is that Sprint might be rethinking its approach to its legacy push-to-talk network — the obsolescence-bound spectrum it acquired via its purchase of Nextel a few years back for the questionable price of $35 billion. Given Sprint’s current financial state, a liquidity crunch means that the carrier is looking to offload any salable piece; Nextel’s not exactly the most attractive piece of that puzzle with a declining subscriber base, limited bandwidth, and a limited range of Moto hardware to back it up, but even at its current estimated value of $5 billion, analysts are suggesting that Sprint could be willing to bite at a deal. NII Holdings, which operates iDEN networks under the Nextel brand in Brazil, Mexico, and a handful of other Latin American countries, is being tossed around as a potential suitor, as are private equity firms looking to make a quick buck. How one goes about making a quick buck on a network as old and quirky as iDEN in the year 2008, though, remains to be seen.

[Via Phone Scoop]

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Filed under: Cellphones, Wireless

Details are scarce right now, but you can make of it what you will. Sprint hasn’t been in the best of situations since it acquired Nextel in 2005, and while this move may not be seen by everyone as definitively negative, it certainly is questionable. The flagging carrier sold off “nearly all” (around 3,300) of its wireless communication towers to TowerCo for some $670 million in cash. According to Sprint Nextel’s Bob Azzi, the move to lease rather than own these network facilities will enable it to “better focus on its core business of providing communications services to consumers, businesses and government customers.” He continued by noting that the transaction “provides Sprint Nextel with additional liquidity [for] greater flexibility in managing the company.” Whatever you say, sir.

[Via InformationWeek]

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Filed under: Cellphones

Some particularly juicy rumors die hard, and this one certainly qualifies: CNBC is reporting that SK Telecom is looking to hook up with some private equity firms to buy out Sprint Nextel, though a deal is “not imminent.” This one’s been making the rounds since last year, though it’s possible that SKT sees some new impetus for making a break into the US market now that it’s sold off its share in Helio — and buying the third largest carrier in the country would certainly qualify as “making a break.” It’s claimed that SKT’s only interested in completing a friendly deal — no crazy hostile takeovers here — and some of Sprint’s board members aren’t keen on the idea at this point, so it’s definitely a hit-or-miss proposition. If this all means we can get even half of Korea’s domestic hardware on US airwaves, then hey, no complaints on this end.

Update: The Wall Street Journal is now suggesting that Sprint and SKT are investigating some sort of joint venture — not a full-on acquisition — that would see the lovebirds work together on handsets and services. Possible, but we’re curious to know what exactly Sprint brings to the table in that equation. Thanks to everyone who sent this in!

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Filed under: Cellphones

We’re not sure if you check most mobile provider’s sites every ten minutes or so (like we do), but if you did, you would have noticed that the latest Palm Windows Mobile device — the Treo 800w — is available for purchase at Sprint’s online store. The phone, which features a 320 x 320 screen, EV-DO Rev. A, WiFi, and GPS, is currently listing for $249.99 after a $250 instant savings, $100 mail-in rebate, and two-year contract. So if you’ve been absolutely, positively dying to get your hands on this thing — now’s you chance.

[Via Phone Scoop]

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Filed under: Wireless

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Filed under: Cellphones

We’d take this with half a tablespoon of salt for now, but The Wall Street Journal is reporting that Sprint-Nextel Corp. is “seriously considering spinning off or selling its ailing Nextel unit.” That’s according to undisclosed people “familiar with the situation,” though Sprint did decline to comment on whether it actually was considering a sale of Nextel. Also of note, Cyren Call is reportedly attempting to “assemble a consortium of investors to acquire Nextel as part of its plans to create a nationwide wireless network for public safety communications,” and while it can’t be confirmed, we are hearing that Sprint is “contemplating other possible buyers such as private equity firms.” Still, these same sources made clear that “no deal was imminent and that Sprint was preoccupied for the moment with other matters.” It’s no secret that the firm would be way more attractive to suitors (read: Deutsche Telekom) if the flagging Nextel division was detached from the deal, but we guess we’ll have to wait and see how it all plays out. [Warning: read link requires subscription]

[Thanks to everyone who sent this in, image courtesy of Flickr]

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Filed under: Cellphones

Over the years our pals at Deutsche Telekom haven’t exactly played the most aggressive game in the States, but finally we have word about the first possible suitor for the ailing Sprint. Although the rumor originates from German paper Der Spiegel and doesn’t cite sources, word has it Deutsche Telekom and T-Mobile USA are making the possibility of snagging Sprint (and all its heavy baggage, read: Nextel) a “top priorty” in a bid to take a competitor out of the game and pick up the number three spot. Supposedly formal negotiations haven’t even begun yet, but if you thought the integration between Sprint and Nextel was messy, just watch what happens when you bring a third carrier into the mix — and did we mention the infrastructure would would be GSM with AWS, PCS CDMA, and iDEN, all competing for spectrum and handset allocation? Good luck guys.

[Thanks, Khattab]

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Filed under: Cellphones

Well, it looks like the aggressively priced unlimited action really didn’t come a moment too soon. We’re no economists here, but it doesn’t take rocket science, a Ph.D., collegiate level maths, or even a fancy calculator to crunch the cold, hard numbers coming out of Sprint Nextel’s fourth quarter earnings call. For starters, the number three carrier in the US reported a net loss of nearly $29.5 billion, which — get this — is more than the combined value of its outstanding stock. Let us reiterate for emphasis and drama value: Sprint lost more money in the fourth quarter of 2007 than the company is worth. Wow. If it’s any consolation, the staggering figure is largely due to a $29.7 billion write-down of Nextel’s value, which as the Wall Street Journal lays out, makes the 2005 merger officially a “Deal From Hell.” With postpaid subscribers continuing to migrate to other carriers, there’s no telling how to stop the hemorrhaging — especially if the fresh $99 unlimited plan doesn’t end up doing the trick — but something tells us the move to Kansas isn’t going to magically patch it all up.

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Filed under: Cellphones

Well, it looks like the aggressively priced unlimited action really didn’t come a moment too soon. We’re no economists here, but it doesn’t take rocket science, a Ph.D., collegiate level maths, or even a fancy calculator to crunch the cold, hard numbers coming out of Sprint Nextel’s fourth quarter earnings call. For starters, the number three carrier in the US reported a net loss of nearly $29.5 billion, which — get this — is more than the combined value of its outstanding stock. Let us reiterate for emphasis and drama value: Sprint lost more money in the fourth quarter of 2007 than the company is worth. Wow. If it’s any consolation, the staggering figure is largely due to a $29.7 billion write-down of Nextel’s value, which as the Wall Street Journal lays out, makes the 2005 merger officially a “Deal From Hell.” With postpaid subscribers continuing to migrate to other carriers, there’s no telling how to stop the hemorrhaging — especially if the fresh $99 unlimited plan doesn’t end up doing the trick — but something tells us the move to Kansas isn’t going to magically patch it all up.

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Filed under: Cellphones

With the bleak news out of Sprint’s camp this morning, employees, stockholders, analysts, and subscribers all have to be wondering pretty much the same thing: what’s going wrong? Xohm’s just around the corner, so these guys have a pretty good lead on the competition in the race to 4G — but is there something far more systematic about Sprint’s core business that’s causing paying heads to leave in droves?

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Filed under: Cellphones, Wireless

New Sprint Nextel CEO Dan Hesse appears to have inherited a company bleeding subscribers by the thousands, and will now officially be dropping the ax on 4,000 employees and 125 retail locations. Amid the loss of 639,000 postpaid customers in the fourth quarter, Sprint will be cutting a total of 6.7% of its work force (following the 5,000 layoffs last year) and 8% of company-owned brick-and-mortar stores, while remaining mute on other rumors that it will consolidate its headquarters in Kansas. Sprint Nextel shares are down $2.89, or nearly 25%, at the time of this writing.

[Thanks to everyone who sent this in]

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Filed under: Cellphones, Wireless

With falling subscriber numbers and some difficult Xohm decisions to be made in the coming months, Sprint wanted a new man at the helm, and has picked Dan Hesse for the job. Dan’s replacing Gary Forsee, who held the job since 2003 and was pegged for replacement since August. Hesse hails from Sprint spin-off Embarq, and served as CEO of AT&T Wireless from 1997 to 2000, back in the glory years of that service. Here’s hoping that he doesn’t axe the WiMAX, but it’s clear something has got to change in Sprint land to turn things around.

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Filed under: Cellphones

An under-the-radar class action lawsuit against Sprint Nextel is winding its way towards a settlement this week, and it contains a pretty huge concession by Sprint: the company will unlock phones for both current and former customers, and will begin training its customer service reps on how to connect non-Sprint phones to its network. The settlement was tentatively approved by a California judge on October 2, but hasn’t had a final approval hearing yet, according to Sprint — but it’s still a huge win for US consumers, who haven’t been able to buy mainstream unlocked phones from any of the major carriers. Of course, since Sprint’s network is CDMA, unlocked phones will only work on other CDMA carriers like Verizon — and there’s no guarantees those companies will be happy about it — but at this point we’ll take whatever we can get.

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