CNBC: Softbank to pay $20 billion for a 70 percent stake in Sprint

Rumors of Sprint’s $12 billion acquisition by Softbank weren’t exaggerated, they were understated: according to CNBC, the Now Network will announce a $20 billion transaction with the Japanese network on Monday, granting Softbank a 70 percent stake in the company. According to people familiar with the matter, Softbank will purchase $8 billion in shares directly from Sprint, snagging an additional $12 billion in stock at $5.25 a share from other shareholders. The Japanese firm’s payout would net Sprint $3 billion, money CNBC supposes it might use to regain control of Clearwire. Softbank’s cash may also be used to bolster Sprint’s ongoing LTE rollout, which is poised to light up in over 20 markets in the coming months. The details are said to be officially announced tomorrow morning, but we’ve reached out to Sprint for a comment in case it wants to spill the beans early.

Update: Just heard that the announcement is due at 4am Monday, so we’ll likely learn more then.

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CNBC: Softbank to pay $20 billion for a 70 percent stake in Sprint originally appeared on Engadget on Sun, 14 Oct 2012 17:25:00 EDT. Please see our terms for use of feeds.

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Samsung announces Galaxy S III mini: 4-inch Super AMOLED display, 1GHz dual-core CPU, NFC

Samsung announces Galaxy S III mini: 4-inch Super AMOLED display, 1GHz dual-core CPU, NFC

Samsung has just announced the Galaxy S III mini, a 4-inch David version of its Goliath big brother — will it be worthy of its name? The rumor mill churned out that it might be a dumbed down version, but an oblique comment by mobile head JK Shin suggests otherwise — either way, we’re on the scene in Frankfurt, Germany to give you the long (and short) of it. According to the spec sheet we just received, this Android 4.1 phone features a dual-core 1GHz chip (which is good news for the 1,500mAh battery), 1GB RAM, 8 or 16GB of internal storage plus an extra 32GB maximum via microSD. The 4-inch Super AMOLED screen comes with a WVGA resolution, while the main camera takes five-megapixel photos plus 720p video, and there’s a VGA front-facing camera as well for fans of video chats. There’s obviously the usual bundle of radios as well, including 802.11a/b/g/n WiFi, GPS, GLONASS, FM radio, Bluetooth 4.0 (LE) and even NFC, but for now, this 111.5-gram TouchWiz device will only support HSPA 900/1900/2100 networks along with EDGE 850/900/1800/1900.

Update: Our hands-on with the phone is live!

Richard Lai contributed to this report.

Continue reading Samsung announces Galaxy S III mini: 4-inch Super AMOLED display, 1GHz dual-core CPU, NFC

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Samsung announces Galaxy S III mini: 4-inch Super AMOLED display, 1GHz dual-core CPU, NFC originally appeared on Engadget on Thu, 11 Oct 2012 12:10:00 EDT. Please see our terms for use of feeds.

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Court reverses Galaxy Nexus sales ban in the US (updated with Samsung’s statement)

A United States appeals court has overturned the injunction banning the sale of Samsung’s Galaxy Nexus, arguing that the California district court had “abused its discretion” in granting it. The case between Apple and Samsung, which centers around four patents relating to unified search and Siri, will now be returned to the court of Judge Lucy Koh for reconsideration — in the same way that she had to reverse her previous decision regarding the Galaxy Tab 10.1.

The injunction was granted on the basis that Apple could demonstrate “irreparable harm” to its business, and, that its case had a high likelihood of succeeding. However, the panel of judges felt that Cupertino could do neither of those things to the court’s satisfaction, and as such, Samsung’s handsets will be available to purchase as soon as the company can get them onto shelves. If you’d care to delve into the full text of the remand order yourself, it’s available at the source link.

Update: Here is Samsung’s jolly statement regarding the reversal:

“We welcome this reversal by the Federal Circuit, finding that the District Court abused its discretion in ordering a preliminary injunction against the Galaxy Nexus. Today’s decision confirms that the role of patent law is to protect innovation and not to unreasonably stifle competition and restrict consumer choice. We will continue to take all appropriate measures to ensure the availability of our innovative products.”

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Court reverses Galaxy Nexus sales ban in the US (updated with Samsung’s statement) originally appeared on Engadget on Thu, 11 Oct 2012 11:34:00 EDT. Please see our terms for use of feeds.

Permalink The Verge  |  sourceRemand Order (PDF), Reuters  | Email this | Comments

Deutsche Telekom and MetroPCS agree on $1.5 billion T-Mobile merger (updated)

Apparently the “significant issues” that stood in the way of a prospective T-Mobile and MetroPCS deal couldn’t have been too onerous. Just a day after acknowledging that talks were underway both boards have approved the deal according to the Wall Street Journal. Details of the deal haven’t been officially announced yet, but Financial Times Deutschland are reporting that the two carriers will be combined into a single unit in which Deutsche Telekom will hold 74 percent of shares. MetroPCS will have a 26 percent stake in the company and receive a $1.5 billion check for its troubles. Expectations are that this will put the kibosh on a recent deal T-Mobile struck with Crown Castle to lease its mobile towers for $2.4 billion. The new larger carrier will maintain the T-Mobile branding with new CEO John Legere at the helm, though, it appears the deal is structured as a reverse merger. Meaning that MetroPCS is in essence taking over T-Mobile and not the other way around.

Even with its combined subscriber base, the new T-Mobile will lag Sprint in the battle for AT&T and Verizon’s table scraps. However, it will finally give Deutsche Telekom the graceful exit from the US market that its been so desperately seeking for some time. This merger with a much smaller competitor is unlikely to raise the ire of regulators and will allow the German company to reduce its involvement and investment in a slow controlled manner by selling off stocks. We’re still awaiting official announcements from both companies and will update as the statements roll in.

Update: Official PR from T-Mobile and a video statement from CEO Legere are now waiting for you after the break. There’s a few new interesting details, including that MetroPCS’s CFO will be holding on to his position post merger. Interestingly, even though the carriers will become one company, for the foreseeable future they will maintain separate pools of customers. However, we wouldn’t be surprised to see that change as the LTE rollout accelerates and gives T-Mobile a true 4G offering. As Legere notes in the clip below, this is just the first step and the deal isn’t expected to close until sometime during the first half of 2013.

Update 2: As part of the strategy moving forward the new company plans to move customers off MetroPCS’ CDMA network and on to T-Mobile’s GSM frequencies for 3G service by 2015. The spectrum would then be repurposed to build out an LTE network.

Continue reading Deutsche Telekom and MetroPCS agree on $1.5 billion T-Mobile merger (updated)

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Deutsche Telekom and MetroPCS agree on $1.5 billion T-Mobile merger (updated) originally appeared on Engadget on Wed, 03 Oct 2012 08:13:00 EDT. Please see our terms for use of feeds.

Permalink Reuters  |  sourceWall Street Journal (Twitter), Financial Times Deutschland, Wall Street Journal  | Email this | Comments

Google withdraws recent ITC complaint in Motorola v. Apple case

Well, here’s a bit of a surprise in the ongoing spate of Apple-focused patent disputes. Google’s Motorola Mobility subsidiary has now formally withdrawn its most recent complaint against Apple with the ITC, which was just filed on August 17th and had been, until now, under investigation. Not surprisingly, details are light beyond that, with Google’s filing only stating that it asked the ITC to “terminate all claims in this investigation without prejudice,” and adding that “there are no agreements between Motorola and Apple, written or oral, express or implied, concerning the subject matter of this investigation.” The complaint itself had claimed that Apple infringed on seven patents held by Motorola, and Google was seeking a US import ban on a range of Apple products as a result.

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Google withdraws recent ITC complaint in Motorola v. Apple case originally appeared on Engadget on Tue, 02 Oct 2012 14:32:00 EDT. Please see our terms for use of feeds.

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Tim Cook apologizes for Maps mess

Tim Cook apologizes for Maps mess

Well, it’s hardly a secret that customers are unhappy with Apple’s new mapping solution in iOS 6. And, while the company has admitted that, perhaps, it’s not quite up to snuff yet, it has played down Maps’ flaws and urged customers to be patient. Today, in an open letter to the Apple faithful, Tim Cook struck a far more candid and conciliatory tone, apologizing for failing to deliver a “world-class” product. Cook went so far as to suggest that unhappy customers could check out offerings from competitors like Bing, MapQuest, Google and Nokia — at least until Cupertino sorts this mess out. You’ll find the complete text of the letter after the break.

Update: As CNET reports, Apple has now also gone one step further and added a new list of featured mapping alternatives to the App Store, including apps from TeleNav, Garmin, Magellan and others.

You can read our editorial on Apple apologies since the launch of the iPhone here.

Continue reading Tim Cook apologizes for Maps mess

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Tim Cook apologizes for Maps mess originally appeared on Engadget on Fri, 28 Sep 2012 08:55:00 EDT. Please see our terms for use of feeds.

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RIM posts Q2 earnings: $2.87 billion in revenue, softer $235 million loss

Research in Motion headquarters

RIM may have given us hope that its transition to BlackBerry 10 has turned a corner, but that doesn’t mean the dark clouds have entirely broken just yet. The company’s second fiscal quarter saw it generate $2.9 billion in revenue, a slight gain over last quarter, while it posted a net loss of $235 million — again better than expected, but not the best news it could deliver. Waterloo’s main challenge was holding on to its smartphone base. While RIM did expand the total BlackBerry user base to 80 million, its phone shipments dropped from 7.8 million to 7.4 million and were braced by shipments of just 130,000 PlayBooks, or half as many tablets as were delivered in the spring.

The sunshine is mostly found in the total picture. RIM says it’s still on track to deliver the first BlackBerry 10 phones in early 2013; while the smartphone maker is bracing for an operating loss in its ongoing third quarter, the higher revenue and reduced losses suggest to CEO Thorsten Heins that RIM is getting its fiscal house in order before BlackBerry 10 (hopefully) renews interest. Full details of the company’s financial performance are available after the break.

Continue reading RIM posts Q2 earnings: $2.87 billion in revenue, softer $235 million loss

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RIM posts Q2 earnings: $2.87 billion in revenue, softer $235 million loss originally appeared on Engadget on Thu, 27 Sep 2012 16:09:00 EDT. Please see our terms for use of feeds.

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Redbox Instant targets launch by year-end, blends subscription streaming and DVD rentals with VOD

Redbox Instant targets launch by yearend, blends subscription streaming and DVD rentals with VOD

The last concrete details we’d heard about Redbox Instant was that it was entering internal alpha testing, but now Verizon exec Eric Bruno has revealed more background information. Previous info indicated the service would focus more heavily on movies than the back catalog of TV shows that is a part of Netflix Watch Instantly and Amazon Prime Instant Video, and Bloomberg reports Redbox will break with their models by paying its content providers per subscriber cable TV-style, instead of a flat rate decided up front. What customers will get is a monthly subscription and allotment of disc rentals from Redbox’s kiosks, as well as access to VOD movie rentals and downloadable purchases through the service. The alpha test is currently in the hands of about 500 Verizon employees, with plans for a short public test before launching in a late November / mid-December time frame. The main unanswered question however is how much it will all cost, but knowing what we do now — how much are you willing to pay?

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Redbox Instant targets launch by year-end, blends subscription streaming and DVD rentals with VOD originally appeared on Engadget on Tue, 25 Sep 2012 03:32:00 EDT. Please see our terms for use of feeds.

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Riot breaks out at Foxconn’s Taiyuan plant, reportedly over guards beating up a worker

Foxconn's Taiyuan plant on riot

News just came in that workers at Foxconn’s Taiyuan plant have started a riot in the wee hours in China, and that police forces are on site to control the crowd. While the motive isn’t clear, Sina Weibo user Li Tian reports that the riot isn’t related to the recent anti-Japan protests, though judging by his photos, much damage has been done in the process. The same site suffered from a strike back in March over salary dispute — the front-line workers failed to receive the promised pay rise. On a similar note, Foxconn’s Chengdu plant also had a riot in June, but that was apparently due to an argument between some workers and a local restaurant owner.

Update: We are seeing unofficial reports claiming the “2,000-people” riot was triggered by security guards hitting a worker at 10pm local time.

Update 2: According to a provincial website, Foxconn’s Taiyuan industrial park focuses on magnesium alloy components for consumer electronics, heat conduction products, LED lighting products, mobile phone products and magnesium alloy automotive components.

Update 3: An undercover report from August mentioned that the Taiyuan plant processed the back casing of the iPhone 5. It also highlighted the company’s harsh management as well as “practically compulsory” over-time work. We don’t doubt that this riot escalated due to dissatisfaction over working conditions.

Update 4: Unsurprisingly, the original Sina Weibo posts have since been deleted. At the time of publication, the author had already noticed that some of the photos were already being censored by Sina. However, the photos over at Baidu Tieba are still intact.

Update 5: Well this is interesting. Foxconn has told Reuters that there was “a fight among workers from different production lines,” but the company’s spokesperson said they’re “still investigating the cause of the fight and the number of people involved.” An official statement will be released on Monday.

Update 6: The Next Web has heard that there were no deaths in the incident. Here’s hoping those 40 injured people will recover quickly.

Continue reading Riot breaks out at Foxconn’s Taiyuan plant, reportedly over guards beating up a worker

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Riot breaks out at Foxconn’s Taiyuan plant, reportedly over guards beating up a worker originally appeared on Engadget on Sun, 23 Sep 2012 16:01:00 EDT. Please see our terms for use of feeds.

Permalink   |  sourceSina Weibo (login required), Baidu Tieba  | Email this | Comments

Windows Phone 8X by HTC: 4.3-inch 720p display, LTE, dual-core S4, available this November

Windows Phone 8X by HTC unveiled 43inch 720p Super LCD 2 display, dualcore 15GHz S4, LTE, Beats Audio, available for $199 this November

Consider this Microsoft’s ultimate blessing, or merely a way to guarantee household name recognition. Whatever the case, the company’s next-gen Apollo OS is not only powering HTC’s newest mobile movement, it’s also the headliner. That’s right, as clunky as it may initially seem, Windows Phone 8X is the official moniker of the OEM’s brightly hued flagship series, an alphabetical denomination that puts it on premium standing with the One X line. And thanks to the loosened spec restraints made possible by WP8, this modern-minded, unibodied beaut reps a 4.3-inch 1280 x 720 Super LCD 2 display with Gorilla Glass 2 coating, dual-core 1.5GHz Snapdragon S4 processor buffered by 1GB RAM, 16GB of internal storage, WiFi a/b/g/n, NFC and an integrated 1,800mAh Li-ion battery. There’s also quadband radio support for GSM/GPRS/EDGE, HSPA/WCDMA (850, 900, 1900, 2100MHz) and, of course, LTE for stateside carriers.

Though the 8X may share the same boldly colored, polycarbonate construction of its live-tiled Lumia frenemies, it also stands apart with the inclusion of two HTC-specific features: Beats Audio, replete with a built-in amplifier, and ImageChip for continuous shooting. And speaking of optics, this device’s dual camera setup packs the combined punch of a 2.1-megapixel front-facer with 88-degree ultra-wide-angle lens and an 8-megapixel rear module with an f/2.0 lens accompanied by a single LED flash — both capable of 1080p video capture.

While the veil of mystery surrounding this latest tech industry collaboration may have just lifted, you’ll still have to wait a bit before it heads to retail. After all, Microsoft’s planning its own WP8 coming out party for late October — a reveal that should finally give us a full look at the smartphone UI formerly known as Metro. With a ship date set for sometime this November, the 8X will be available in four distinct colors – California Blue, Graphite Black, Flame Red and Limelight Yellow — on over 150 carriers worldwide. No word on final pricing as of yet. So, until then, sate yourself with this first taste. Official PR after the break.

Continue reading Windows Phone 8X by HTC: 4.3-inch 720p display, LTE, dual-core S4, available this November

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Windows Phone 8X by HTC: 4.3-inch 720p display, LTE, dual-core S4, available this November originally appeared on Engadget on Wed, 19 Sep 2012 11:15:00 EDT. Please see our terms for use of feeds.

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