Tag Archives: lead tech

Alibaba IPO Enriches SoftBank As Sprint Cuts Back

Alibaba Group’s massive IPO has enriched SoftBank and founder Masayoshi Son, yet SoftBank-controlled Sprint might go begging for funds for expansion. As Sprint (S) pares back a national network upgrade, Son aims to use SoftBank’s financial muscle to expand in India and possibly in media and content. So far, no word on any fresh Sprint infusion. When SoftBank acquired 80% of Sprint for $22 billion in 2013, it pumped $8 billion into Sprint’s balance

Cisco Systems Outlook Soft On Slower Telecom Spending

Cisco Systems late Wednesday edged fiscal Q1 earnings and sales views, but its guidance for the current quarter missed as it struggles to recharge growth. The No. 1 maker of networking gear said demand for its core hardware products from service providers slowed, as did sales in China. Cisco Systems (CSCO) stock, down a small fraction in Wednesday’s regular session, was down more than 1% in after-hours trading after the company released results

Will AT&T Mexico Foray Spur America Movil In U.S.?

AT&T’s $1.7 billion deal to buy Mexico’s No. 3 wireless firm, Iusacell, confirms its ambitions to expand into Latin America. Whether Mexico-based America Movil (AMX), that country’s No. 1 wireless firm, fires back by bidding for T-Mobile US (TMUS) is the next question. It’s possible, analysts say. A U.S. auction of radio spectrum slated to start on Thursday could provide a partial answer. America Movil already owns TracFone, one of the largest