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Sprint CEO says merger would increase competition: report

telecom | 06/25/2014 4:51 pm EDT

Sprint Corp. CEO Dan Hesse was quoted in an article published on the website CNet Wednesday as saying a merger, such as one between his company and T-Mobile US Inc., would increase wireless competition in suburban and rural areas of the United States. Dan Hesse reportedly said in an interview that creating a carrier with a similar number of subscribers as the top two U.S. carriers, Verizon Communications Inc. and AT&T, would create an opportunity to expand networks in suburban and rural areas, where it is more expensive to build infrastructure. "If you have more customers, you can...

Former BlackBerry boss ranked third-highest paid wireless exec

telecom | 04/16/2014 7:44 pm EDT

Former BlackBerry Ltd. CEO Thorsten Heins was the third-highest paid executive in 2013 among wireless companies listed on U.S. stock exchanges, according to the website FierceWireless. Based on filings with the U.S. Securities and Exchange Commission, the website said Heins received total compensation of $22 million US in 2013. That included a base salary of $3 million US, plus bonuses, stocks and other supplemental pay of $19 million US, the website said. It more than doubled his previous year’s compensation of $10.3 million US, the article said. BlackBerry announced on Nov. 4 that...

Sprint to acquire 100% of Clearwire

telecom | 12/18/2012 6:11 pm EST

Softbank Corp. aims to strengthen its wireless holdings in the United States as Sprint Nextel Corp. said it reached a deal to acquire 100 per cent ownership of Clearwire Corp. for $2.2 billion US. Sprint, which said in October it would be acquired by Japanese mobile carrier Softbank, said in a release Monday it will purchase its remaining 50 per cent...