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#PreMarket Primer: Wednesday, August 6: Sprint Prepares To Go It Alone
Wednesday, August 6, 2014 - 7:17am | 1170Read More...After months of negotiations to take over T-Mobile, Sprint has decided to build up its subscriber base and compete with the likes of Verizon and AT&T on its own. At a board meeting on Tuesday, the company decided to abandon a deal that valued T-Mobile at $32 billion and instead, focus on...
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T-Mobile Lets Customers 'Jump' to a New Phone Twice a Year (TMUS)
Thursday, July 11, 2013 - 9:42am | 596Read More...For $10 a month, the country’s #4 cellphone service provider, T-Mobile US (NYSE: TMUS), said subscribers could trade in their old, working phone up to four times in a 24-month period, according to Bloomberg. Under the banner of a new program called “Jump,” T-Mobile is putting the squeeze on...
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Sprint Beats Out Dish for Clearwire Spectrum (CLWR, DISH, S)
Tuesday, July 9, 2013 - 8:45am | 588Read More...The votes are in and counted and the winner is - Sprint Nextel (NYSE: S). Bloomberg reported Monday that investors holding or representing 82 percent of eligible Clearwire Corp. (NASDAQ: CLWR) shares voted to accept Sprint’s offer. The deal gives Sprint valuable Clearwire spectrum that would...
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Clearwire Tells Shareholders to Take Dish Offer
Thursday, June 13, 2013 - 7:46am | 575Read More...Dish Network (NASDAQ: DISH) means business. The company showed that when it trumped Sprint Nextel’s (NYSE: S) offer of $3.40 a share for Clearwire (NASDAQ: CLWR) stock with a tender offer of $4.40 a share. In response now, according to Reuters, Clearwire told shareholders Wednesday to vote...
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Last Minute SoftBank Offer Puts Dish on the Defensive (DISH, S)
Tuesday, June 11, 2013 - 8:42am | 537Read More...A well-known cliché says, “The best-laid plans of mice and men often go awry.” It should be peppered all over the walls of Sprint Nextel (NYSE: S) corporate headquarters. As The New York Times reported Sunday, eight months ago, the “plan” was a done deal. Sprint Nextel would buy full control of...
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SoftBank Get U.S. Congressional Clearance – Dish Tries An End Run
Thursday, May 30, 2013 - 3:02pm | 571Read More...Japanese telecommunications company, SoftBank, received the all-clear Tuesday regarding its proposed $20.1 billion takeover of Sprint Nextel (NYSE: S) , according to Bloomberg. As momentum builds in favor of SoftBank, Dish Network (NASDAQ: DISH) and its $25.5 billion offer increasingly becomes...
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Verizon Wants a Piece of Clearwire Spectrum
Tuesday, April 16, 2013 - 12:13pm | 554Read More...News that Verizon (NYSE: VZ) wants to buy Clearwire (NASDAQ: CLWR) spectrum is being widely speculated but (so far) not confirmed by either party. Such a deal would potentially throw a wrench in the works with regard to negotiations involving Sprint (NYSE: S), Clearwire, Japan’s Softbank and...
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J.P. Morgan Keeps Rating, PT On S As Company Looks Ahead
Wednesday, June 22, 2011 - 8:27am | 155Read More...J.P. Morgan is maintaining its Overweight rating and its $7 price target on Sprint Nextel (NYSE: S) as the company prepares to undertake a large technology update in the near future. In the report, J.P. Morgan writes, “Sprint plans to undertake a modernization effort over the next 3-4 years called...
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J.P.Morgan Keeps Rating, PT On S As Company Looks Ahead
Wednesday, June 22, 2011 - 8:26am | 155Read More...J.P. Morgan is maintaining its Overweight rating and its $7 price target on Sprint Nextel (NYSE: S) as the company prepares to undertake a large technology update in the near future. In the report, J.P. Morgan writes, “Sprint plans to undertake a modernization effort over the next 3-4 years called...
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Piper Jaffrays Believes Sprint Nextel's 4G Upgrade Complicated Yet Manageable
Wednesday, June 8, 2011 - 7:26am | 82Read More...According to a recent report, Piper Jaffray believes Sprint Nextel's (NYSE: S) conversion to 4G is complicated yet manageable, despite the recent cases centering around the complexity of the upgrade. Piper Jaffray reiterates an overweight rating and price target of $6.50. In the report, Piper...
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Stifel Nicolaus Downgrades For 6/7: GIII, S
Tuesday, June 7, 2011 - 7:55am | 51Read More...Stifel Nicolaus has downgraded the following companies: G-III Apparel Group (NASDAQ: GIII) from Buy to Hold and has removed its $40 price target. Sprint-Nextel (NYSE: S) from Hold to Sell and has established a $4.50 price target.
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Piper Jaffray Upgrades Rating, Raises PT To $6.50 On Sprint Nextel
Friday, May 20, 2011 - 7:23am | 84Read More...Piper Jaffray has upgraded its rating from Neutral to Overweight and has increased its price target from $5 to $6.50 on Sprint Nextel Corp. (NYSE: S). Says Piper Jaffray, in its report, “We are upgrading Sprint to Overweight on improving operational trends, that we think are sustainable through...
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Gabelli Says Sprint Nextel is the Loser In the AT&T / T-Mobile USA Deal
Tuesday, March 22, 2011 - 9:14am | 158Read More...In a report published by Gabelli, with AT&T and Deutsche Telekom considered main winners in the proposed AT&T's acquisition of T-Mobile USA, Sprint Nextel (NYSE: S) was yesterday viewed by investors as a consensus “loser” from this deal, with the stock declining $0.69 or 13.6% on Monday....
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Sprint Upgraded to Neutral
Tuesday, November 16, 2010 - 8:40am | 75Read More...Piper Jaffray has upgraded Sprint Nextel (NYSE: S) from Underweight to Neutral. In a report sent to clients, Piper Jaffray writes, "We are upgrading Sprint to Neutral from Underweight. Our price target remains $3.50, implying less than 10% downside. Our price target is based on a DCF analysis to...
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Clearwire (CLWR) Beats Wall Street Revenue Expectations
Wednesday, February 24, 2010 - 9:52am | 119Read More...Clearwire Corporation (Nasdaq: CLWR) reported a 4th quarter loss of $98.7 million, or 55 cents per share, compared with a pro forma loss of $90.4 million, or 47 cents per share, a year earlier. Revenue increased from from $59.7 million to $79.9 million, beating the Wall Street average estimate of $...
