Dan Hesse Posts

Sprint Corporation (S) will have to persuade FCC about T-Mobile deal

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Sprint Corporation (NYSE:S) will need to persuade Federal Communications Commission (FCC) about the idea of buying T-Mobile. The FCC Chairman Tom Wheeler is skeptical about the deal. Wheeler reportedly told Sprint Chairman Masayoshi Son and CEO Dan Hesse that he would keep an open mind about the deal, but he has been a defender of competition.

Sprint CEO Dan Hesse Gets A Contract Extension Through 2018 With SoftBank

Dan Hesse
Dan Hesse, the CEO of Sprint, has received a contract extension through 2018.  Hesse’s contract with Sprint has been up for renewal every year.  The new five-year cycle is effective as of this past Wednesday, according to an SEC filing from this past Friday.
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Softbank Will Be Investing $16 Billion In Sprint Over The Next Two Years

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Softbank Corp.
is planning on investing $16 billion in Sprint Nextel Corp. over the next two years.  Softbank president Masayoshi Son reported this information in an interview with Nikkei.  This means that the pace of investment at Sprint will more than double.  Most of that money will go towards base stations for Sprint’s high-speed LTE network.  Softbank’s bid for Sprint was recently approved by the U.S. Federal Communications Commission.  Softbank believes that this infrastructure investment will lower costs through economies of scale in terms of network infrastructure and smartphone procurement.

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SoftBank CEO Masayoshi Son Says Dish Network Deal Is “Ridiculous”

Masayoshi Son, the CEO of SoftBank, is not happy that Dish Network outbid his company for an acquisition of Sprint.  Son called the idea of Dish merging their satellite TV service with Sprint’s wireless service “ridiculous.”  Son criticized Dish Network’s deal for Sprint during a 90 minute investor presentation meeting in Japan.  During the presentation, he discussed why SoftBank’s offer is superior and believes that they do not need to increase their offer for Sprint.
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Sprint Says Next iPhone Will Have An Unlimited Data Plan

Sprint Nextel said that the next iPhone will have an unlimited data plan to set themselves apart from other telecommunications company. This is if the next iPhone arrives with LTE. Sprint will have a no-strings unlimited plan said Sprint CEO Dan Hesse in an interview with CNET.
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Sprint CEO: “If AT&T Is Allowed To Swallow T-Mobile, Competition Will Be Stifled”

Sprint Nextel CEO Dan Hesse recently did an interview about his thoughts in regards to AT&T’s acquisition of T-Mobile. Hesse said that AT&T’s acquisition of T-Mobile would jeopardize innovation. AT&T announced that they were going to acquire T-Mobile for $39 billion in late March. “If AT&T is allowed to swallow T-Mobile, competition will be stifled, growth will be stifled and wireless innovation will be jeopardized,” said Hesse in an interview with reporters in downtown San Francisco. [Reuters]

Sprint CEO Dan Hesse Announces “Sprint ID”

Sprint CEO Dan Hesse unveiled a new project at the CTIA Enterprise and Applications conference in San Francisco called “Sprint ID.” The Sprint ID service lets users create separate mobile profiles for applications, widgets, and ringtones.
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HTC EVO 4G Available For $199.99 On June 4th

Sprint CEO Dan Hesse announced today that the HTC EVO 4G will be available on June 4th for $199.99. However you will need to have the $69.99 Everything Data plan to use the phone. Full press release below:
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