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This Is No Time To Give Up On SprintAdetokunbo Abiola • Wed, May 8
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Verizon - Low Risk Return Of 18%The Ethical Investor • Thu, Jun 6 -
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Sprint Nextel's CEO Discusses Q1 2012 Results - Earnings Call TranscriptWed, Apr 25, 2012 • 1 Comment
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Sprint Nextel's CEO Discusses Q3 2011 Results - Earnings Call TranscriptWed, Oct 26, 2011 • 2 Comments
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Sprint Nextel Corp. - Special CallFri, Oct 7, 2011
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Sprint Nextel's CEO Discusses Q2 2011 Results - Earnings Call TranscriptThu, Jul 28, 2011
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Sprint Nextel's CEO Discusses Q1 2011 Results - Earnings Call TranscriptThu, Apr 28, 2011
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Sprint Nextel's CEO Discusses Q4 2010 Results - Earnings Call TranscriptThu, Feb 10, 2011
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Sprint Nextel Corp. Q1 2010 Earnings Call TranscriptSat, May 1, 2010 • 2 Comments
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Sprint Nextel Corp. Q4 2009 Earnings Call TranscriptWed, Feb 10, 2010 • 2 Comments
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Sprint Nextel Corporation Q3 2009 Earnings Call TranscriptThu, Oct 29, 2009
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Sprint Nextel Q2 2009 Earnings Call TranscriptWed, Jul 29, 2009
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Sprint Nextel Corporation Q1 2009 Earnings Call TranscriptMon, May 4, 2009 • 1 Comment
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Sprint Nextel Corporation Q4 2008 Earnings Call TranscriptThu, Feb 19, 2009
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Sprint Nextel Corp Q2 Earnings Call TranscriptWed, Aug 6, 2008
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Sprint Nextel Q1 2008 Earnings Call TranscriptMon, May 12, 2008
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S vs. ETF Alternatives
Company Description
Sprint Nextel Corporation, incorporated in 1938 under the laws of Kansas, is mainly a holding company, with its operations primarily conducted by its subsidiaries. Our Series 1 voting common stock trades on the New York Stock Exchange (NYSE) under the symbol “S.” Sprint Nextel Corporation and... More
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- | M&A
- | On the move
- Tuesday, June 18, 7:31 PM Dish (DISH) is all but officially abandoning its bid for Sprint (S). In a fresh update, the satellite TV provider says the revised SoftBank (SFTBF.PK) deal makes it "impracticable" for it to submit a new offer by Sprint's June 18 deadline, and that it will now focus its "efforts and resources" on the Clearwire (CLWR) tender offer. It increasingly looks as if SoftBank will end up with Sprint (vote on June 25), and Dish with a big minority stake in Clearwire that it could use to obtain a 4G network/spectrum deal with the 3 other parties in this saga. S -1.8% AH. CLWR +1.8%. (previous) 16 Comments [Tech, M&A]
- Monday, June 17, 8:28 PM Sprint (S) files suit to end Dish's (DISH) $4.40/share tender offer for Clearwire (CLWR), alleging the deal (endorsed by Clearwire last week) violates Delaware law and the rights of Sprint and other "strategic" Clearwire investors. Among other things, Sprint claims the Dish offer can't be concluded without the approval of both Comcast and Clearwire shareholders owning at least 75% of shares (Sprint has a majority stake). Clearwire investors aren't bothered, shares +0.4% AH to $4.65. (previous: I, II) 3 Comments [Tech, M&A]
- Friday, June 14, 11:21 AM T-Mobile USA (TMUS +3.3%) is "Plan B" for SoftBank (SFTBF.PK) if its merger with Sprint (S +0.3%) doesn't go through, says CEO Masayoshi Son. But Son adds he "[plans] to go with Plan A if possible." Reuters reported last week SoftBank is talking with Deutsche Telekom (DTEGY.PK) about buying its 74% stake in T-Mobile USA if the Sprint merger fails thanks to a rival bid from Dish (DISH). For now, Sprint's board (unlike Clearwire's) is spurning Dish. As always, Son isn't lacking for confidence. "I am determined to be No. 1 in the world very soon in my industry ... You are lucky not to be my competitor." 3 Comments [Tech, M&A, On the Move]
- Wednesday, June 12, 5:54 PM Clearwire (CLWR) officially endorses Dish's (DISH) $4.40/share tender offer, calling it in the "best interest of Class A stockholders." Clearwire's special committee now unanimously opposes Sprint's (S) $3.40/share buyout offer, and the company has rescheduled a shareholder vote on the Sprint deal set for Thursday to June 24. Dish's offer, which is subject to 25% of Clearwire shares being tendered, is now good until July 2. Even if Sprint's merger with SoftBank (SFTBF.PK) goes through, Dish's possession of a large minority stake in Clearwire gives it leverage to strike a favorable 4G network deal. (WSJ report) 9 Comments [Tech, M&A]
- Wednesday, June 12, 3:50 PM Clearwire's (CLWR +0.5%) board plans to endorse Dish's (DISH -3.9%) $4.40/share tender offer and postpone a Thursday shareholder vote on majority owner Sprint's (S -0.1%) $3.40/share buyout offer, the WSJ reports. The reports comes two days after Sprint gave its support to SoftBank's (SFTBF.PK) revised offer for the company, and set a June 18 deadline for Dish to make its final offer. Sprint and Dish have been arguing over the legality (I, II) of Dish's bid for Clearwire. (previous) 1 Comment [Tech, M&A, On the Move]
- Tuesday, June 11, 1:59 PM More on Sprint: Bloomberg reports talks between Sprint (S +2.2%) and Dish (DISH +0.7%) stalled over Sprint's insistence on a $3B termination fee should regulators block a merger. Dish reportedly was only willing to pay a $1B fee. Sprint then presumably turned to SoftBank (SFTBF.PK). Comment! [Tech, M&A]
- Tuesday, June 11, 1:16 PM Though it gives shareholders more cash, SoftBank's (SFTBF.PK) offer (I, II) for a 78% stake in Sprint (S +2.2%) values the company at $1.1B less ($27.8B vs. $28.9B) than its old offer for a 70% stake, says Janco's Gerard Hallaren. "We have little faith this proposal will succeed," he adds. However, the WSJ observes the offer "contains poison-pill provisions that make it considerably harder" for Dish (DISH +0.6%) to thwart SoftBank, and increases Sprint's termination fee to $800M from $600M. Dish, which has reportedly lined up $9B in financing commitments, has until June 18 to make its final offer. Sprint and Clearwire (CLWR +2.2%) are both up moderately. 2 Comments [Tech, M&A]
- Tuesday, June 11, 1:18 AM Dish (DISH) responds to SoftBank's (SFTBF.PK) higher offer for Sprint (S) simply by stating it will review its options. Paulson & Co. (7%+ stake in Sprint) backs SoftBank's revised bid, which goes to a vote on June 25. The new offer increases the cash given to Sprint investors to $5.50/share from $4.02/share, raises SoftBank's offer price for investor shares to $7.65 from $7.30, and raises the price of SoftBank's $1.9B investment in Sprint to $6.25/share from $5.25/share. But it also gives SoftBank a 78% stake (up from 70%), and $3B of the extra $4.5B in investor cash is being diverted from Sprint. Clearwire (CLWR) remains a wild card for both sides. 2 Comments [Tech, M&A]
- Monday, June 10, 10:19 PM The new day in Japan has brought a new offer from SoftBank for Sprint (S), with the Japanese carrier increasing its bid to $21.6B from $20.1B. SoftBank's latest offer would also mean $4.5B more cash for shareholders and would give the Japanese carrier 78% of Sprint. The proposal compares with Dish's (DISH) bid of $25.5B. Shareholders were due to vote Wednesday but because of today's gamesmanship the vote has reportedly been postponed. 10 Comments [M&A, Breaking News, Tech, Consumer]
- Monday, June 10, 1:35 PM Dish's (DISH -1.1%) offer for Sprint (S -0.3%) amounts to a "formal proposal," and the companies "continue to meet regularly and conduct the due diligence process that began in late May." Thus speaks Charlie Ergen's company in a terse PR meant to assure Sprint investors it's still working on a deal ahead of a June 12 shareholder vote on the SoftBank (SFTBF.PK) merger. Expectations are growing the vote will be postponed, as the various parties in this corporate soap opera continue to maneuver. (previous) Comment! [Tech, M&A]
- Friday, June 7, 3:54 PM While Sprint (S -1.3%) slumps on a report SoftBank (SFTBF.PK) is talking with Deutsche Telekom (DTEGY.PK) about buying its 74% stake in T-Mobile USA (TMUS +4.1%) should the Sprint deal falter, Dish (DISH +1.5%) has spiked higher, as investors take the report as a sign SoftBank would rather abandon its Sprint efforts than significantly raise its bid. Sources tell Reuters SoftBank and DT have been talking since last year, but that talks "intensified" following Dish's $25.5B offer for Sprint. Clearwire (CLWR +3.3%) has also moved higher, and is now $0.02 above Dish's $4.40/share offer price. (previous) 9 Comments [Tech, On the Move, M&A]
- Friday, June 7, 3:43 PM SoftBank (SFTBF.PK) is reportedly in talks with Deutsche Telekom (DTEGY.PK) about buying its stake in T-Mobile (TMUS +4.9%) should the deal with Sprint (S -0.8%) fall apart, according to Reuters. Sprint is off more than 1% from its session high on the news. Comment! [M&A, On the Move]
- Tuesday, June 4, 4:46 PM Contrary to Sprint's (S) assertions, Dish's (DISH) bid for Clearwire (CLWR) is perfectly legal, Dish argues in a public letter. Among other things, Dish claims its Clearwire financing proposal doesn't need Sprint's consent (Sprint feels differently), and that its tender offer for Clearwire doesn't require majority shareholder consent. (earlier) 1 Comment [Tech, M&A]
- Tuesday, June 4, 3:54 PM Sprint's (S +1%) board is thinking of delaying the company's June 12 shareholder vote on the SoftBank (SFTBF.PK) deal to give Dish (DISH +0.3%) more time to strengthen its rival offer, Bloomberg reports. Though Sprint has appeared cool to Dish's overtures, a Dish spokesman states his company is still negotiating with Sprint. One source claims Dish, which recently raised $2.6B in debt, has lined up $9.3B in financing for its Sprint bid. Clearwire (CLWR -2.6%) has sold off to $4.31 today, below Dish's $4.40/share offer price, as investors weigh Sprint's legal assertions. (previous) Comment! [Tech, M&A, On the Move]
- Monday, June 3, 3:19 PM DISH Network's bid for Clearwire (CLWR) is "not actionable" because of legal issues, says Sprint (S) in a letter to Clearwire's board. "To be clear, certain provisions of the Dish proposal require Sprint's consent ... Sprint will not vote in favor of the proposal, tender its shares in the offer or waive any of its rights as a stockholder." Crest Financial urges Clearwire to form a special committee to consider the Dish offer: "Dish's tender offer has shifted the battle ... to where it belongs - a competitive bidding process for Clearwire." 2 Comments [M&A]
- Sunday, June 2, 2:33 AM Proxy advisory firm Institutional Shareholder Services (ISS) has recommended that Sprint's (S) shareholders vote for SoftBank's (SFTBF.PK) $20.1B bid for the U.S. carrier, saying that the deal would provide Sprint with the money it needs to purchase more spectrum and complete the upgrade of its network. ISS's view comes after peer Egan-Jones recommended that Sprint's investors reject SoftBank's offer. ISS didn't provide an opinion about Dish's (DISH) bid for Sprint, as the proposal hasn't yet been presented to shareholders. 3 Comments [Tech, Consumer, Top Stories, M&A]
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Energysystems: Yep...that wasn't one of your best calls. $DISH folded a lot quicker than I think anyone thought would happen.
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MSF INVESTMENTS
Softbank increases it's bid for $S to $7.65 a share. $DISH will make another higher bid.The offers will be over $10.00 a share soon. Lahiem - View all 0 replies
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LATEST REPLIES
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Energysystems: Yep...that wasn't one of your best calls. $DISH folded a lot quicker than I think anyone thought would happen.
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x oil -field
Shares of Clearwire ($CLWR) are halted with news pending. Sources are saying a higher offer from ($S) is in the works.http://bit.ly/12J6rZg - View all 6 replies
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x oil -field: .. over the long haul. Believe @weed @Dal @DAG and many others did have doubts along the way,but in the end it paid very well..c>
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x oil -field: ..a 'ton of money' for those folks that stayed with the $S $CLWR trade(s). Just saying.
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John Vincent
John Paulson added Family Dollar ($FDO) & increased Sprint ($S) stake. Also added $HES, $GNW, $IOC, $RDN.See http://bit.ly/15Vyeud - View all 2 replies
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MSF INVESTMENTS: Sprint is his largest holdings in a company over 8 percent.
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MSF INVESTMENTS
$S looking at $DISH deal. The bidding war will push the stock and deal over $10.00. Lahiem - View all 1 replies
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MSF INVESTMENTS: Paulson increased hip position last quarter over 80 percent.
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x oil -field
Wells Fargo views $S initial bid as a*starting point for negotiations,and so, apparently,do many others.$CLWR http://seekingalpha.com/n/fe57 - View all 3 replies
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sprasad03: no if the deal closes, this will go up, is their a target date for the softbank deal?
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MSF INVESTMENTS
Bidding war for $S between $Dish and SoftBank will bring the stock well over $10.00. - View all 2 replies
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hahaha48: this is going to be a very different bidding war. due to softbanks dirty thread to banks there are a lot of bad blood going losing face -
MSF INVESTMENTS: As long as it's north of $10.00 Paulson and I will be happy.
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MSF INVESTMENTS: $7.00 is off the table - the stock is above that now. It will be well over $10.00.
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Alex Jantsch
$DISH offers to buy $S to consolidate services for the customer. Hope their right about the value added... http://nyti.ms/17ozC3R - View all 6 replies
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bd4uandu: Everyday this drags out it gets more expensive for Softbank, maybe thats Charlies plan.
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