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Wireless carrier Sprint Corp S.N. said Sunday it aims to slash fiscal 2016 expenses by as much as $2.5 billion, through layoffs and an array of cost controls.
Sprint planned to shut its WiMAX network on November 6, 2015, however, an emergency injunction was granted by a judge of the Massachusetts Superior Court on November 5, 2015, to keep the WiMax network online for another 90 days, due to the ongoing lawsuit from non-profit groups. The groups, Mobile Beacon and Mobile Citizen, said that the ...
Daniel R. Hesse (born c. 1953) is the former chief executive officer of Sprint Corporation. [1]In January 2016, Hesse joined the board of directors for PNC Financial Services [2] where he chairs the Technology Subcommittee.
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Sprint Nextel (NYS: S) is investigating reports that some Apple (NAS: AAPL) iPhone 4S customers on its network have been experiencing slower-than-expected data speeds, a senior Sprint executive said.
U.S. regulators are approving T-Mobile's $26.5 billion takeover of rival Sprint, despite fears of higher prices and job cuts.
The new BCA gives an exchange ratio of 11.00 Sprint shares for each T-Mobile share, up from the original agreement of 9.75 Sprint shares. SoftBank, Sprint's owner, has agreed to surrender 48.8 million T-Mobile shares acquired in the merger to the New T-Mobile, making SoftBank's effective ratio of 11.31 shares per T-Mobile share.