Sprint Chairman Approaching Banks To Secure Funding For T-Mobile Acquisition

Sprint Chairman Approaching Banks To Secure Funding For T Mobile Acquisition

It was rumored recently that Sprint is interested in acquiring T-Mobile, having Magenta’s user base and infrastructure onboard would allow Sprint to launch a much more effective competition against rivals Verizon and AT&T. While AT&T pursued its own buyout bid for T-Mobile, it could get through due to regulatory concerns. It remains to be seen how far Sprint is able to go in this rumored bid for T-Mobile, but apparently its Chairman, who also happens to be the CEO of Softbank which purchased Sprint, is meeting to banks to advise and finance the T-Mobile acquisition.

Masayoshi Son, the gentleman we’re talking about in this article, has discussed financing with banks like Mizuho, Goldman Sachs, Deutsche Bank, JPMorgan Chase and Credit Suisse Group, people “familiar with the matter” tell Bloomberg. These are the very same financial institutions that advised and financed SoftBank’s buyout of Sprint. Apparently the chairman and CEO is looking to raise $20 billion, and take control of T-Mobile by paying cash for the 67 percent stake in Magenta that’s owned by Deutsche Telekom. According to the report, while Deutsche Telekom and Sprint haven’t sat down as yet, apparently the former is willing to sell its stake for around $16 billion. According to the sources, discussions with the banks are in initial stages, but so far it appears that financing is available for this deal.

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  • Sprint Chairman Approaching Banks To Secure Funding For T-Mobile Acquisition original content from Ubergizmo.

        



    The Desktop Manufacturing Revolution

    Thank you to Sprint for sponsoring this article. Get inspired by innovation and see what’s next at Sprint.com/faster.

    Sprint Faster is a great site to visit if you’re looking for the latest on new and upcoming technological breakthroughs, featuring stories from leading tech experts on the shape of things to come.

    Perhaps the most exciting area of technological growth for the early 21st century is in the realm of machines which make it fast, inexpensive and easy for anyone to create physical objects. Devices such as 3D printers, laser cutters, tabletop milling machines and other computer-controlled manufacturing tools are now within reach of small business entrepreneurs and hobbyists, and are headed towards the consumer market as well.

    10 years ago, the idea that you or I could have a device that could output tangible goods or replacement parts on our desktops was just a pipedream. But rapid advancements in technology, as well as enthusiasm of startups and early adopters have created a cottage industry filled with 3D printers and other desktop manufacturing machines.

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    Devices like the $2,000(USD) MakerBot Replicator 2 serve the prosumer market, while upcoming machines like the Pirate 3D Bucaneer are expected to hit consumer desktops in early 2014 for as little as $600. Both are capable of creating 3D models with tremendous precision.

    pirate buccaneer 3d printer 620x410magnify

    Earlier devices required a lot of fiddling about, frequent manual calibration and complex software setup. Now, the software is getting easier to use, and loading in a model to print only requires a basic understanding of 3D modeling. And if you don’t know how to do that, you can always download free models from sites like Thingiverse.

    Most desktop 3D printers work by melting PLA or ABS plastic in a tiny bead, moving along the X and Y axis first, then building up layer by layer along the Z axis. Eventually, a fully-formed 3D object is revealed. It’s a time-consuming process, but the technology allows for the construction of incredibly detailed and complex structures that would be extremely difficult if not impossible to model by hand or using traditional machining tools. For example, check out the 3D printed menagerie I have hanging on my living room wall:

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    But desktop manufacturing cannot just rely on melted plastic alone. While professional-grade 3D printing services like Shapeways can print molds which can be filled with metal or ceramic clay, these techniques are a bit more difficult to achieve on the desktop. Though there are products on the market like Composimold which let you make molds from 3D printed objects. That said, there are companies working on desktop 3D printers that can actually print in unconventional materials, ranging from molten metal to sugar.

    If you want to work with metal or wood today, you might be better off using a desktop milling machine, like the Shapeoko 2, which sells in kit form for just under $700 with all the parts needed to assemble it.

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    This device has a similar X/Y/Z armature system similar to that found in 3D printers, but instead of holding a heated print head, it can hold a Dremel or similar rotary tool. 3D milling machines work subtractively, rather than additively, so you start out with a solid hunk of wood, plastic or soft metal, clamp it into place, and let the machine cut away a form. This technique is especially effective for routing out objects like signage with true depth. In this example, a digitized brain scan was routed out of a piece of wood. Neat, eh?

    3d milled wood 620x459magnify

    You can even use a milling machine to cut materials like carbon fiber, as is demonstrated with this cool gear clock by Bart Dring:

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    In addition, these machine can be used to gently scrape away layers on copper board, so you can use it to make custom circuit boards. Keep in mind that 3D milling machines aren’t as precise as 3D printers, nor can they create details on the bottom of objects as they require that the working material be clamped in place and then cut out from above.

    One other kind of desktop machine is the laser cutter. These machines use high-power lasers to cut or engrave images out of sheet materials. Companies like Full Spectrum Laser offer both prosumer and professional grade laser cutters, with prices starting just under $2000.

    full spectrum laser cutter 620x324magnify

    Since laser cutters only work in two dimensions, outputting to them is as easy as using a desktop printer. You simply create an outline of an object in a drawing program on your computer, then load in a sheet of wood, cork, fabric, acrylic or Plexiglas and let the laser get to work. They also work very quickly compared to 3D printers as a result. By adjusting the laser intensity, you can either cut objects, or burn engraved images into materials.

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    Objects like these video game console ornaments by UseYourDigits are some of my favorite examples of what can be made with a laser cutter:

    video game console ornaments 620x465magnify

    While desktop manufacturing machines are still in their relative infancy, I truly think we are on the precipice of mass adoption of these devices. Shops like Inventables and the Maker Shed have popped up, offering one-stop-shopping for both the machines and materials, making it easier than ever before to get started.

    As the speed, cost and availability of these devices broadens, it’s only a matter of time before we’ll be outputting just about anything we can dream of on our desktops.


    Disclosure of Material Connection: This is a “sponsored post.” Technabob received compensation for writing it, however, we only recommend products or services we find newsworthy or have used personally, and believe will be good for our readers.

    Thank you to Sprint Faster and Technorati Media for being sponsors of this article. All opinions expressed here are my own.

    Sprint Purchasing T-Mobile Is Actually A Trial Balloon

    Sprint Purchasing T Mobile Is Actually A Trial BalloonThere were rumors recently that went around, touting that Sprint was about to purchase a stake over in T-Mobile. While this has also caused ripples in the stock market, the thing is, such a move or consideration was better described as a “trial balloon.” The Wall Street Journal that broke the news (or rather, rumor), did not manage to pinpoint the specific source as to how they came about with such a report, but only mentioned that they were informed by “people” that this could very well turn out to be true.

    Speculations as to what happened could have been this – someone over at Softbank, coincidentally the majority owner of Sprint, phoned a friend who knew someone at The Journal, and decided to mention something that pointed out that at least a suit in Softbank could be mulling over the inclusion of T-Mobile to Softbank’s companies. Other than that, there has been nothing remotely concrete for such a story to turn up. Why a trial balloon? Well, it is useful to see what kind of reaction that the rest of the world would show, ranging from competitors to shareholders and the government, of course, should such a merger be actually proposed and go through.

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    LG G Flex For Sprint Leaked

    LG G Flex For Sprint LeakedIt wasn’t too long ago that LG announced the LG G Flex, the company’s answer to Samsung’s Galaxy Round as far as smartphones with flexible displays were concerned. We had heard the LG was planning a global launch that is slated for December and thanks to a recently leaked image by the ever-reliable @evleaks, it seems that what we are looking at above is a press rendering for the device that appears to be headed onto Sprint’s network. It has been expected that the G Flex will make its way onto multiple carriers, so if the rendering above is true, Sprint will be one of them.

    So far we have also heard reports that the G Flex could make its way onto the likes of AT&T and T-Mobile as well, thanks to a sighting of the device at the FCC, although none of the major carriers in the US have officially announced the device’s availability yet. The handset has already been released in Korea, unsurprisingly given that LG is a Korean tech company, but it will be interesting to see its reception outside of the Korean market. According to reports, the Samsung Galaxy Round has managed about 10,000 units sold so far, which isn’t that impressive but understandable given the phone’s novelty value, so we can’t wait to see if the LG G Flex will succeed where Samsung didn’t. What do you guys think?

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  • LG G Flex For Sprint Leaked original content from Ubergizmo.

        



    Sprint Wants To Buy T-Mobile [Rumor]

    Sprint Wants To Buy T Mobile [Rumor]

    Right now there are four major mobile carriers in the U.S., Verizon, AT&T, Sprint and T-Mobile. When AT&T’s bid to acquire T-Mobile ultimately fell through, nobody thought that another major carrier would immediately move to pick up the fourth largest U.S. carrier. Given that considerable time has passed since that failed attempt, a new report by The Wall Street Journal claims that Sprint is gearing up to bid for T-Mobile U.S. If it goes through, rather if regulators let it go through, the U.S. market will effectively be left with three major carriers.

    It is reported that Sprint is likely to make an offer in the first half of 2014, the offer is likely to be to the tune of $20 billion. Sprint’s bid is almost half of what AT&T offered back in 2011, around $39 billion. There’s an obvious advantage here for Sprint to consider this bid. Bringing T-Mobile’s subscriber base and infrastructure on board will enable Sprint to launch much more effective competition against behemoths like Verizon and AT&T. Both Sprint and T-Mobile’s subscriber bases account for less than what AT&T holds, roughly 109 million. The question remains though, is Sprint going to face regulatory hurdles that might make it impossible to pursue this any further? That remains to be seen. There has been no official comment from either Sprint or T-Mobile confirming if talks are under way. So before a bid is officially made, we must hold on to those grains of salt.

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  • Sprint Wants To Buy T-Mobile [Rumor] original content from Ubergizmo.

        



    Sprint tipped weighing T-Mobile US grab in 2014

    Sprint is readying a potential bid for T-Mobile US, with the rumored acquisition tentatively scheduled for the first half of 2014, insiders claim, and possibly worth more than $20bn. The merger, which would see the third- and fourth-largest carriers in the US market join forces, is still being weighed up by Sprint, sources tell the […]

    Sprint is reportedly considering making a bid on T-Mobile US.

    Sprint is reportedly considering making a bid on T-Mobile US. The theoretical merger between the number three and number four US carriers would probably face some stiff antitrust scrutiny from the Justice Department if an offer was made. [The Wall Street Journal]

    Read more…


        



    Sprint Moto X To Receive Android 4.4 KitKat Update

    Sprint Moto X To Receive Android 4.4 KitKat UpdateIf you happen to be rocking to a Moto X from Motorola and are a subscriber of Sprint, then here is some good news – your smartphone would now be on the receiving end of the Android 4.4 KitKat update. Sprint has recently updated its Moto X support site, ensuring that the Android 4.4 KitKat update will roll out today, in order to keep up with the pace set by the remaining Moto X variants. Having said that, do expect to be on the receiving end of an improved phone dialer app, a better camera focus and exposure experience among others.

    Some of Sprint’s changelog include various enhancements that range from a restyled status and navigation bars to a brand new full-screen mode, color emoji support, improved closed captioning support, stronger security, smarter power use, and more tools and capabilities for better app development. There is also the inclusion of NFC Host Card Emulation support so that one can enjoy experiences like contactless payments, loyalty plans, transit passes, and card access among others. Haven’t received the Android 4.4 KitKat update yet on the Moto X? Just check the update manually by heading into Settings > About Phone > System Updates, and you should be able to see your Moto X’s software version get bumped to 13.11.3Q2.X-69-3-8 once you’re done. [Support Page]

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  • Sprint Moto X To Receive Android 4.4 KitKat Update original content from Ubergizmo.

        



    Sprint Offers Samsung Galaxy S4 With Sprint Spark

    Sprint Offers Samsung Galaxy S4 With Sprint SparkSo, you think that the Samsung Galaxy S4 is the bee’s knees ever since it came out, and cannot wait until the rumored Galaxy S5 hits the streets? Assuming you have been a Sprint subscriber all this while and have felt that LTE connectivity is insufficient for your mobile data needs in terms of speed, Sprint might have just the solution for you. The mobile carrier is offering the 16GB Samsung Galaxy S4 Spark edition, which is actually enhanced LTE, via its sales channels in the weeks to come. Of course, there is a price to pay for everything, and with the Spark edition, you will need to fork out $200 on contract, whereas the regular Galaxy S4 sells for $100 on contract.

    Basically, Sprint Spark would offer you the option to take advantage of unprecedented speeds as it will merge all three Sprint bands (800MHz, 1.9GHz and 2.5GHz) of 4G LTE wireless spectrum, which is touted to deliver a far greater performance level of video and other bandwidth-intensive applications. Just make sure that you happen to live in one of the cities that have Spark coverage, otherwise it would defeat the purpose of picking up this souped up handset. [Press Release]

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  • Sprint Offers Samsung Galaxy S4 With Sprint Spark original content from Ubergizmo.

        



    US telecoms sold 1.1 million cell records to law enforcement in 2012

    The major US telecoms delivered at minimum 1.1 million cell phone records to law enforcement at all levels of government in 2012. The records include voicemail and text content. The telecoms earned $26 million from the transactions. Many of the fulfilled information requests legally required no warrant, no subpoena, and no probable cause. These and […]