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Zach Epstein |May 20th, 2011 at 07:30PM
Sprint is openly opposed to AT&T’s proposed $39 billion acquisition of T-Mobile, but the scrappy carrier stands to benefit from the deal according to Piper Jaffray analyst Christopher Larsen. Larsen on Friday lifted his rating on Sprint stock from neutral to overweight, while also upping his price target from $5 to $6.50. The analyst sees brighter days ahead for the carrier through the rest of 2011 and 2012 as well, and he also believes the AT&T / T-Mobile deal could be a good thing for Sprint. ...
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Andrew Munchbach |May 17th, 2011 at 01:32PM
In a Congressional appearance last week, Sprint CEO Dan Hesse explained just why his company objects to the proposed $39 billion AT&T and T-Mobile merger. Aside from his previously expressed grievances — that the merger would create a wireless duopoly and stifle competition — Hesse also noted another possible paradigm: the deal could lead to Sprint being bought or acquired as well. “The most likely buyer is CenturyLink, the biggest company in telecommunications without a wireless unit,R...
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Thomas Joseph |Oct 31st, 2010 at 08:47AM
Sprint may not stock the iPhone or the iPad, but that hasn’t stopped them from reaping the benefits (or even making a case) of the iPad’s success. In an interview with GigaOm, Dan Hesse,CEO of Sprint pointed out that the fastest selling iPad’s were the WiFi variants, which bodes well for Sprint. Sprint’s Overdrive 3G/4G mobile wireless hotspot, has been selling well, allowing iPad owners to blitz the net at 4G speeds. “The company has seen an uptick in demand for its Overdrive (3...
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Andrew Munchbach |Oct 27th, 2010 at 02:22PM
Sprint CEO, Dan Hesse, was speaking with FierceWireless when he noted that his company would eventually shut down their iDEN network. The move isn’t really all that surprising, especially when you take into account that Hesse asserted that there was “no timeline” and it would be a “gradual process.” The shuttering of Nextel’s iDEN network would, as the CEO put it, “free up some channels to put CDMA services onto Sprint’s 800 MHz iDEN spectrum.” One thing i...
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Andrew Munchbach |Sep 30th, 2010 at 10:59PM
The Wall Street Journal is reporting that three sprint executives — Dan Hesse, Keith Cowan, and Steven Elfman — have resigned from WiMAX network-operator Clearwire’s board. Sprint informed the WSJ that they would appoint “independent successor directors” within the next few months; Sprint has named its general counsel, Charles Wunsch, as an observer in the meantime. Clearwire writes that the resignations are due to “recent changes in antitrust laws,” but also admit th...
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Zach Epstein |Jun 5th, 2009 at 10:51AM
The back and forth continues. Following Verizon Wireless CEO Lowell McAdam’s comment that the Pre would be hitting VZW shelves “over the next six months or so”, Sprint issued a brief official statement confirming that its Pre exclusivity runs through the end of 2009, at least. While specifics of the exclusivity deal remain a mystery for the time being, Sprint CEO Dan Hesse has just elaborated on the situation a bit. According to Cnet, Hesse stated the following at a press event with regard t...
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Marc Flores |Mar 13th, 2009 at 08:08AM
Let’s face it, Sprint’s latest round of commercials haven’t exactly been well received. Many found Hesse’s attempt to be the “people’s CEO” laughable while a much smaller group thought it was cool that he wasn’t afraid to engage the public. How many other CEOs do people openly recognize other than titans like Steve Jobs and Steve Ballmer? Regardless, Sprint has decided enough is enough and the run is no more. We’re not quite sure what route Sprint will be ...
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Marc Flores |Oct 10th, 2008 at 01:48AM
One would think that a company struggling and bleeding customers like Sprint would have executives bleeding themselves. Not so. Even after their obvious hardship to stay competitive, the fines and fees they’ve paid out for various reasons, like settling on litigation against ETFs, Sprint/Nextel executives are tops when it comes to compensation. It’s not a surprise that corporate bigwigs are still getting paid despite poor performance, but it does irk a few consumers. According to Standard & Po...