Softbank will retain a 25% stake in Brightstar
Softbank is selling Brightstar, the Miami-based cell phone distributor that it purchased in 2014, to the private equity firm of Brightstar Capital Partners (BCP), which will acquire a majority stake of the company at 75%, while Softbank...
Apple has been uncharacteristically quiet about iPhone 7 sales, but smartphone trade-in data suggests that the new iPhone is selling well. Trade-in volume is at least 50% higher than it was last year during the iPhone 6S launch, according to reseller HYLA Mobile. HYLA...
Sprint broke with the wireless industry in stating it did not need more spectrum for 3G services, while AT&T moved to acquire Vanguard Cellular … 18 years ago this week
Editor’s Note: RCR Wireless News goes all in for “Throwback Thursdays,” tapping into our archives...
1. Sprint parent SoftBank is set to buy the intellectual property behind the processors inside most of the world's smartphones. The Japanese company is paying roughly $32 billion for ARM Holdings, the British company that designs the cores inside most of the processors built...
Sprint set for $1.2B cash injection from newly formed entity
Sprint released details of its highly anticipated device leasing division, which it formed with parent company SoftBank and will operate under the Mobile Leasing Solutions name.
The division will be tasked with handling the financial aspects...
Sprint's spectrum is not its only unique asset
The recent surge in Sprint's stock price comes courtesy of SoftBank, and the Japanese giant may have good reason to double down on its investment in the last-place nationwide carrier. The way Americans acquire mobile devices is...
$25M investment bolsters Sprint stock price
Sprint’s stock price surged 7% on Friday, which in some corners was attributed to news that CEO Marcelo Claure picked up 5 million shares of the company’s common stock for nearly $25 million.
According to a Form 4 filed with...
Brightstar adds to workforce, names new CEO
Wireless device distribution giant Brightstar, now majority-owned by Softbank, lost its leader when Marcelo Claure took the CEO job at Sprint. Now Brightstar has named a new CEO: Jaymin Patel is a 47-year-old leader from outside the company...
