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Deutsche Telekom CEO: No interest in acquiring Sprint Nextel

After more than a year of speculation, it seems that German telecom giant Deutsche Telekom will not buy U.S.-based wireless giant Sprint Nextel Corp. (NYSE: S). Deutsche Telekom CFO Timotheus Hoettges indicated that the American wireless competitive landscape had consolidated enough, and the control that the four largest wireless carries in the U.S. have wouldn't make a purchase wise.

Hoettges was quoted as saying, "There are four national players in the U.S. market for 300 million households, while in Europe, where we have 350 million households, there are 50 to 70 operators." It's pretty clear that he thinks the U.S. wireless market is controlled by an oligopoly of operators, which seem to move in tandem with each other in terms of price control and roll out of new technology. Do the "large four" -- Verizon (NYSE: VZ)Wireless, AT&T (NYSE: T), Sprint Nextel, and T-Mobile USA -- move in lockstep with each other for the most part to not give any of the competition a large advantage?

Continue reading Deutsche Telekom CEO: No interest in acquiring Sprint Nextel

Clearwire eases pressure on Sprint Nextel, says CEO Hesse

Clearwire Corp.'s (NASDAQ: CLWR) may be able to relieve some pressure on Sprint Nextel Corp.'s (NYSE: S) national wireless network, according to Sprint CEO Dan Hesse. Although Sprint's existing 3G network is touted to be one of the most reliable in the U.S., moving customers to a more efficient and faster 4G network -- like the ones Clearwire continues to launch -- de-stresses Sprint's existing network.

Continue reading Clearwire eases pressure on Sprint Nextel, says CEO Hesse

Sprint Nextel offers unlimited free calling to any mobile phone in the U.S.

Sprint Nextel Corp. (NYSE: S) sent a letter to its Everything Data customers recently informing them that they could now call any mobile phone number in the U.S. -- at any time -- for free.

Sprint's new Any Mobile, Anytime calling plan gives those customers with at least a $70/month bill this new capability.

Continue reading Sprint Nextel offers unlimited free calling to any mobile phone in the U.S.

Sprint Nextel gets downgraded as Deutsche Telekom deal becomes more unlikely

Sprint Nextel Corp. (NYSE: S) was just rumored to be under the takeover auspices of European telecom giant Deutsche Telekom. DT has been rumored to be looking strongly at Sprint Nextel to bolster its T-Mobile USA brand in the U.S. But now, that deal appears unlikely according to Thomas Weisel analyst James Breen.

Continue reading Sprint Nextel gets downgraded as Deutsche Telekom deal becomes more unlikely

T-Mobile parent could snag Sprint Nextel for just over $10 billion

Deutsche Telekom may be looking to beef up its T-Mobile USA wireless brand with a takeover of troubled Sprint Nextel Corp. (NYSE: S).

Although Sprint Nextel has made strides in trying to keep valuable contract wireless customers, it continues to lose hundreds of thousands of them per quarter. The one bright spot: it's adding hundreds of thousands of less-profitable prepaid wireless customers at the same time through its Boost Mobile prepaid brand.

Continue reading T-Mobile parent could snag Sprint Nextel for just over $10 billion

Sprint steps up new WiMAX wireless offerings in 17 cities

Sprint Nextel Corp. (NYSE: S), the third-largest wireless carrier in the U.S. who continues losing customers every single quarter, is at least trying to jump ahead of the competition on high-tech service offerings. The company will be expanding its WiMAX wireless internet offerings to 17 new cities by the end of 2009.

Continue reading Sprint steps up new WiMAX wireless offerings in 17 cities

Sprint outsources entire network to Ericsson

Sprint Nextel Corp. (NYSE: S) has taken the next step to delete more costs from its bottom line by sending the management of its nationwide wireless network to Sweden's Ericsson. The deal -- valued at up to $5 billion -- will allow Sprint to offset its declining subscriber revenue and numbers with lowered costs.

Continue reading Sprint outsources entire network to Ericsson

Sprint looks to combine long distance business with Level 3

Sprint Nextel Corp. (NYSE: S) first spun off its landline telephone business with the company Embarq years ago, and it will now be joining up with Level 3 Communications, Inc. (NASDAQ: LVLT) to take on the two larger competitors in the long-distance arena. This would pit a joint Sprint-L3 venture in the race with perennial long distance champs AT&T, Inc. (NYSE: T) and Verizon Communications Inc. (NYSE: VZ).

Continue reading Sprint looks to combine long distance business with Level 3

Sprint's Boost Mobile any threat to larger wireless companies?

Sprint Nextel Corp. (NYSE: S) could be hurting itself by making prepaid wireless so affordable, but for now, the wireless carrier is cleaning up. In fact, Sprint Nextel's only shining light is the acquisition of wireless customers with its Boost Mobile prepaid brand. But, could Sprint's prepaid service threaten the larger wireless companies like AT&T, Inc. (NYSE: T)?

Continue reading Sprint's Boost Mobile any threat to larger wireless companies?

Sprint Nextel continues losing customers, sees $600 million net loss

Sprint Nextel Corp. (NYSE: S), the trying to be the"comeback kid" under CEO and telecom vet Dan Hesse, just lost another swath of customers in its latest quarter. The company reported almost an almost $600 million net loss in its latest quarter as its postpaid (contract) customers continue to defect to the competition.

All in all, this quarter wasn't as bad for Sprint as previous quarters. The third-largest wireless carrier in the U.S lost 182,000 wireless customers last quarter, leaving it with under 50 million total wireless customers. Still, the last quarter of 2008 saw Sprint lose about 1.3 million customers, so this past quarter was quite the marked improvement.

Continue reading Sprint Nextel continues losing customers, sees $600 million net loss

Sprint's Boost Mobile seeing big problems with text messaging overload

Sprint Nextel Corp. (NYSE: S) really hit on something back in January when it rolled out a $50 unlimited everything plan from its Boost Mobile prepaid brand. Customers could get nationwide unlimited minutes, texting, data and walkie-talkie for $50 a month.

Customers went nuts and started snatching up Boost Mobile phones and that plan by the thousands. Soon afterward, other prepaid competitors like T-Mobile and Virgin Mobile followed suit with cheap unlimited plans of their own.

Continue reading Sprint's Boost Mobile seeing big problems with text messaging overload

Sprint Nextel hurting itself at the hands of prepaid wireless companies?

When Sprint Nextel Corp. (NYSE: S) launched the $50 all-you-can-eat wireless plan with its Boost Mobile prepaid brand back in January, it was a shock to the wireless industry. Indeed, prepaid wireless generally is more expensive and less feature-laden than contract wireless in the U.S. But not even contract wireless plans that featured unlimited talking/texting/web access could be found for $50. What was Sprint Nextel trying to do? Cannibalize itself?

Continue reading Sprint Nextel hurting itself at the hands of prepaid wireless companies?

Sprint (S) sees lawsuit over 2005 Nextel merger disaster

Sprint Nextel Corp. (NYSE: S) was the worst telecom merger in recent memory. The $35 billion merger in 2005 was intended to keep Sprint from becoming a smaller player in the wireless market as competitors were combining and becoming wireless powerhouses.

The only problem was that Sprint and Nextel merged but appeared to keep everything separate. In effect, very little "merged" at all.

Continue reading Sprint (S) sees lawsuit over 2005 Nextel merger disaster

Sprint (S) gets rating downgrade as customers flee in latest quarter

Sprint Nextel Corp. (NYSE: S) recently posted another dismal quarter as the third-largest wireless carrier in the U.S. lost over a million customers while finally writing off the last $1.6 billion from the disastrous Nextel merger of 2005. The company continues to have slick marketing, a first-class nationwide wireless network and improved customer service. None of these mean a thing if it can't retain customers and recruit new ones from the competition.

Continue reading Sprint (S) gets rating downgrade as customers flee in latest quarter

Sprint Nextel Q4 earnings preview

When CEO vet Dan Hesse joined Sprint Nextel Corp. (NYSE: S) over a year ago, the 20+ year telecom vet probably knew what was in store for him. The third-largest wireless carrier in the U.S. was bleeding subscribers to the competition every quarter, the future of Sprint's 4G high-speed national wireless network was in doubt and the company really did not have a hit product like the iPhone on its shelves.

Add that to the ongoing mess with the Nextel brand and Hesse had one large job to face in the corner office. Although many of those issues still exist today in some form, Hesse will be the first to say that Sprint's in it for the long, successful haul. Still, the company is expected from market analysts to post a quarterly loss of $0.02 per share when it reports Q4 numbers later today. Sprint's Hesse seems to indicate that while Sprint is certainly down, it's nowhere near out.

Continue reading Sprint Nextel Q4 earnings preview

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Last updated: November 08, 2009: 04:12 PM

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