Softbank

Sprint reports wider loss on network upgrade expenses

Sprint’s narrowly missed analysts expectations for its third-quarter sales, but announced a wider loss thanks to costs associated with shutting down its Nextel business and building out its 4G network. Maybe Japan’s Softbank will help save the nation’s third-largest carrier.

Sprint gains control over Clearwire with stock buy

Striking a deal with Clearwire’s founder Craig McCaw, Sprint now has a majority stake in the 4G operator. Clearwire is still struggling financially and it will need a lot more cash to build its nationwide LTE network, but Sprint now has control over its spectrum.

Why Softbank’s US ambitions may not include Clearwire

According to new reports, Clearwire isn’t part of Softbank’s US plans. Clearwire and Softbank have a lot in common when comes to 4G technology, but that doesn’t mean there’s room for the struggling mobile broadband operator in Sprint and Softbank’s marriage.

SoftBank reportedly in talks to acquire Sprint

Japanese carrier Softbank is reportedly in talks to buy a controlling stake of Sprint in a deal that could be worth more than $12.8 billion, according to several reports. After watching T-Mobile and MetroPCS announce their intention to merge, this might help Sprint compete.

Verizon is now bigger than parent Vodafone

Chinese and U.S. operators continued to dominate the list of global operators, according to Wireless Intelligence. China Mobile further solidified its top spot in both subscribers and revenue, but most surprisingly Verizon Wireless leapfrogged its corporate parent Vodafone in the fourth quarter in overall revenues.

PayPal forms alliance with Softbank to launch PayPal Here in Japan

PayPal is forming a joint venture with Softbank Corp. to help launch its small business mobile payment product PayPal Here in Japan. The joint venture, called PayPal Japan, will help PayPal target PayPal’s $1.7 trillion dollar retail market, which is made up of mostly small businesses.

Japan passes law to boost clean power generation

Japan has long supported solar energy development, but the nuclear disaster this spring pushed it to expand its clean power supplies. That effort reached a milestone on Friday when its lawmakers approved a program that will require its utilities to buy renewable electricity at government-set prices under long-term contracts.

Softbank Invests $250 MM In China’s PPLive

Softbank has taken a 35 percent stake in the Chinese P2P video platform PPLive for $250 million. This deal is the single largest investment in a video company since Google’s acquisition of YouTube, and it goes to show that online video is huge in China.

Gaming Startup OMGPOP Raises $10 Million

OMGPOP, which began as a multiplayer game developer on the web but has since expanded into mobile and Facebook, has raised $10.1 million in…

Zynga Wants to be Big in Japan, Gets Cash from Softbank

Social-game maker Zynga has signed a joint-venture deal with venture fund Softbank Capital to bring its casual-gaming services to Japan, and Softbank has also invested $150 million in the company, whose Farmville and Mafia Wars games are among the most popular on Facebook.

Report

U.S. Wireless Data Market: Q4 and Year-End 2008

The U.S. wireless data market escaped recessionary woes in the fourth quarter of 2008, growing 7.3 percent over the previous quarter and 38.7 percent over fourth quarter 2007 to reach $9.4 billion in mobile data services revenues. In 2008, mobile data services revenues reached our original estimate of $34 billion. But anxiety over the current recession has been palpable, and sub-segments of the mobile data revenue stream are starting to feel the pinch.