Ina Fried

Recent Posts by Ina Fried

SoftBank Deal Expected as Sprint Schedules Early Morning Webcast

After confirming last week that it was in talks with SoftBank about a strategic investment, Sprint scheduled an investor Webcast for very early Monday.

The “special Webcast” is slated for 1 am PT Monday and, sleep be damned, AllThingsD will have live coverage. (Sprint has updated its Web site, and is now pointing people to a SoftBank press conference in Japan being carried on Ustream.)

The Wall Street Journal reported on Sunday that SoftBank and Sprint were nearly ready with a $20 billion deal that would give the Japanese company a majority stake in the No. 3 U.S. cellular carrier.

While the deal is expected, among the open questions are whether SoftBank will also grab a larger stake in Clearwire, and if it is eyeing further acquisitions, potentially including T-Mobile USA, which is itself in the process of trying to buy rival MetroPCS.


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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik