May 3, 2017

Sprint "open to many different" merger options


Sprint said it added 42,000 monthly subscribers in the first quarter of 2017 and continued to cut costs to narrow its losses, which it says gives the company the luxury of being patient when evaluating potential merger partners.

The No. 4 national wireless carrier has struggled to compete against larger rivals, fueling speculation that it will seek to merge with No. 3 carrier T-Mobile now that the FCC's quiet period for M&A discussions has ended.

  • Open to M&A: Softbank's Masayoshi Son, who is Chairman of Softbank-owned Sprint, said he is open to many different options in terms of mergers or acquisitions, but stressed that Sprint is operating self-sufficiently and is "not in a rush."
  • More spectrum, less spending: Sprint said it spent the lowest in terms of capital expenditures of its competitors. It has a large amount of high-band spectrum that will be key to building out 5G service on a network with millions of cell sites to create more additional capacity for mobile broadband.
  • Fierce 5G competition: 5G is the next wireless frontier and all four major national carriers are tackling it differently with their various spectrum holdings. AT&T and Verizon are testing out a home-broadband-like service and both are trying to buy more high-band spectrum for 5G offerings. T-Mobile spent $8 billion to buy spectrum at an FCC auction to build out it's own 5G network.

Go deeper

Bernie Sanders wins Nevada caucus

Democratic presidential candidate Sen. Bernie Sanders waves to supporters at a campaign rally on Friday in Las Vegas. Photo: Mario Tama/Getty Images

Sen. Bernie Sanders is projected to handily win the Nevada Democratic primary caucus, becoming the clear frontrunner among 2020 Democratic presidential primary election candidates.

Why it matters: Nevada is the first state with a diverse population to hold a nominating contest, highlighting candidates' abilities to connect with voters of color — particularly Latino voters.

Go deeperArrowUpdated 13 mins ago - Politics & Policy

South Korea and Italy see spikes in coronavirus cases

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

The novel coronavirus has spread to more nations, and the U.S. reports a doubling of its confirmed cases to 34 — while noting these are mostly due to repatriated citizens, emphasizing there's no "community spread" yet in the United States.

The big picture: COVID-19 has now killed at least 2,446 people and infected almost 79,000 others, mostly in mainland China. New countries to announce infections recently include Israel and Lebanon, while Iran reported its sixth death from the virus. South Korea's confirmed cases jumped from 204 Friday to 433 on Saturday and Italy's case count rose from 3 to 62 by Saturday.

Go deeperArrowUpdated 2 hours ago - Health

Heat wave melts 20% of snow cover from Antarctic island in days

The effects of February's record heat wave on Eagle Island in Antarctica. Photo: NASA

Antarctica's Eagle Island now has a side that's almost ice-free following this month's searing heat wave in the region, images released by NASA show.

Why it maters: "The warm spell caused widespread melting on nearby glaciers," NASA said in its report. It's the third major melt event of the 2019-2020 Southern Hemisphere summer, following warm spells in January and last November, according to the United Nation's World Meteorological Organization (WMO).