Following the recent appointment of Dan Hesse as CEO, Sprint Nextel is considering laying off a few thousand of its 60,000 total employees, according to a report in The Wall Street Journal. The carrier, which has suffered through customer defections and ongoing corporate strife related to the Sprint Nextel merger, cut about 5000 jobs last […]
The Wall Street Journal and The New York Times both reported that Sprint Nextel had rejected a $5 billion investment offer from South Korea’s SK Telecom and Providence Equity Partners. That bid also included the promise of former Nextel Chairman and CEO Tim Donahue being installed as CEO of Sprint Nextel. In today’s economic […]
Motorola’s new CMO, Kenneth Keller is making the rounds today with an interview with both the Wall Street Journal and Ad Age. Keller backs up the company’s strategy to continue to leverage the RAZR brand, but wonders how to keep it fresh:
“To me the Razr name is incredibly valuable. It’s not a fad. It’s not […]
Great Britain’s BT took a piece of FON, the user-shared WiFi community started by the eponymously named Spanish firm. BT’s 3 million or so broadband customers will be able to become “Foneros,” taking advantage of more than 190,000 free hot spots around the world.
The amount of BT’s investment in FON was undisclosed, but it joins […]
Sprint Nextel’s Chief Executive Gary Forsee is feeling pressure from activist investor Ralph Whitworth who told The Wall Street Journal that investors have lost confidence in the leader.
Since gaining a stake in Sprint earlier this year, Whitworth has rattled the cage with management regarding its investments in WiMAX as well as what he calls poor […]
We reported on whispers that Sprint’s investors were unhappy with CEO Gary Forsee’s performance and were calling for his ouster–now, according to a report from the Wall Street Journal, the carrier’s board of directors has quietly begun its search for a new chief. The report claims that the board wants to announce a new CEO […]
