When did SoftBank buy Sprint?

July 10, 2013
The acquisition was completed on July 10, 2013. On August 6, 2013, SoftBank purchased approximately 2% more shares of Sprint Corporation, increasing its ownership stake in the company to 80%.

How much of Sprint does SoftBank own?

85%
SoftBank owned around 85% of Sprint common stock at the time of the deal. Under the terms of the agreement, SoftBank exchanged 11 shares for each T-Mobile share, giving Deutsche Telekom (which owned over 60% of T-Mobile U.S. before the deal) a slightly larger stake in the new company.

When did Sprint buy Clearwire?

July 9, 2013
Sprint Nextel was Clearwire’s largest single shareholder, owning a 50.8% combined stake and control of the company. On July 9, 2013, Sprint Nextel completed acquiring the remaining shares it didn’t already own, becoming sole owner of Clearwire Corporation….Clearwire.

Who bought Sprint in 2000?

13, 2000. NEW YORK (CNNfn) – Faced with seemingly insurmountable regulatory obstacles, WorldCom Inc. and Sprint Corp. called off their $117.7 billion merger Thursday, leaving investors to ponder the independent futures of both companies.

Why is it called SoftBank?

started out in 1981 as a distributor of computer software. As software is called “soft” in Japanese, the name “SoftBank” literally means “a bank of software.” We chose the word “bank” based on our grand aspiration to be a key source of infrastructure for the information society.

Did SoftBank sell Sprint?

TOKYO/NEW YORK — The U.S. Department of Justice on Friday said it will approve the $26 billion merger of SoftBank Group-owned Sprint and T-Mobile US, setting the Japanese-owned carrier on the road to recovery and offering SoftBank Chairman Masayoshi Son leeway to take on risky but potentially rewarding investments in …

Does clear internet still exist?

Clear has discontinued the sale of our internet service. However, Sprint offers a wide selection of products for mobile hotspots and data cards. Sprint offers unlimited data plans for phones and competitively-priced data plans of various sizes for mobile broadband cards, laptops, tablets and other devices.

Who bought out clear internet?

Sprint
Sprint bought CLEAR outright in 2012. The goal was to use the spectrum of CLEAR’s WiMAX network to enhance Sprint’s own LTE network.

What did Sprint stand for?

Southern Pacific Railroad Internal Networking Telephony
In fact, the name Sprint is an acronym. When it was first coined, the SPR stood for Southern Pacific Railroad. NEFF: They decided to hold a contest after we were able to prove that everything worked, and the winning title was Sprint, which stood for Southern Pacific Railroad Internal Networking Telephony.

What happens to Sprint customers after merger?

Sprint will be absorbed by T-Mobile, and eventually Sprint customers will migrate to the T-Mobile network. For now, both T-Mobile and Sprint customers will continue to pay their bills as they have in the past. Sprint should see immediate benefits to their wireless coverage and data speeds.

How bad is Sprint’s coverage?

Overall, Sprint has the worst coverage of all four major carriers. Sprint’s 4G network reaches only 30% of the country. Sprint coverage is especially bad in rural areas. Along with having the worst network coverage, Sprint also falls behind its competitors when it comes to network speed.