More tech Stories

Upcoming Events

On The Web

Signals from the U.S. Justice Department and the Federal Communications Commission are making Sprint and its SoftBank owners reconsider any possible bid for rival T-Mobile, the Wall Street Journal reported Sunday. Merging two of the four remaining nationwide mobile carriers was always going to be a difficult sell, but the Journal reports that Sprint CEO Dan Hesse and SoftBank CEO Masayoshi Son were surprised at the amount of resistance they encountered in recent talks with regulators. New FCC Chairman Tom Wheeler has told Gigaom he doesn’t want to see the current level of mobile competition in the U.S. reduced. That doesn’t rule a Sprint-T-Mo deal out entirely, but it doesn’t look good either.

loading external resource
In Brief

In an SEC filing, Sprint said it has begun implementing a plan to reduce its workforce over the next five months. The carrier didn’t say how many jobs it would cut, only that they would be across managerial and non-managerial staff and that it would incur severance and restructuring costs around $165 million in its fourth quarter earnings. It’s been six months since Sprint and SoftBank closed their massive investment deal, but Sprint is continuing to struggle.

12345636page 4 of 36