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Sprint confirms Claure as new CEO
2014-08-06 15:17:00| Telecompaper Headlines
(Telecompaper) Sprint has confirmed the appointment of Marcelo Claure, the founder and CEO of mobile phone distributor Brightstar, as its new CEO. He will step down from Brightstar and take up the new job at Sprint from 11 August. Both Brightstar and Sprint are owned by Japan-based Softbank. Claure, 43, already joined the Sprint board of directors in January. "Marcelo is a successful entrepreneur who transformed a start-up into a global telecommunications company," said Sprint Chairman Masayoshi Son.. "He has the management experience, passion and drive to create the strongest network and offer the best products and services in the wireless industry." Son did not comment on reports that Sprint has abandoned plans to bid for rival T-Mobile. He said the company still believes "industry consolidation will enhance competitiveness and benefit customers", but the "focus moving forward will be on making Sprint the most successful carrier". Calure said consolidation still "makes sense in the long term", but Sprint's focus for now will be on "becoming extremely cost efficient and competing aggressively in the marketplace". Claure succeeds Dan Hesse, who served as Sprint CEO since late 2007.
This Is The Way Sprint Goes To A Dead Signal
2014-08-06 11:58:38| IT Services - Topix.net
Here's just another reminder that one of the formerly biggest employers in Johnson County, Kansas is now entering it's dreary last days .
Sprint 'drops bid for T-Mobile US'
2014-08-06 10:57:14| IT Services - Topix.net
Shares in US telecoms firm Sprint fell 16% in after-hours trading on Tuesday following reports that it had dropped a bid to buy T-Mobile US.
Sprint 'drops bid for T-Mobile US'
2014-08-06 09:31:07| BBC News | Business | UK Edition
Shares in US telecoms firms Sprint drop sharply in after-hours trade following reports it has abandoned a bid for T-Mobile US.
Sprint abandons bid for T-Mobile - report
2014-08-06 08:46:00| Telecompaper Headlines
(Telecompaper) Sprint has abandoned plans for a merger with its closest rival T-Mobile US, the Wall Street Journal reports citing people familiar with the matter. The company has decided to end its pursuit of T-Mobile in the face of stiff opposition from regulators, the board decided on 05 August. When Sprint executives met with the FCC to discuss the deal last winter, they were given the signal that a deal would face high hurdles. Last week, the FCC underlined its opposition by saying it would propose rules that would prevent Sprint and T-Mobile from bidding together in the upcoming spectrum auction. Sprint will now continue independently, focusing on its recent network upgrades and new price plans planned for later this year. According to various reports, the operator will also get a new CEO, the head of Brightstar, Marcelo Claure.
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