Softbank thoroughly failed to fix Sprint - they did do a bunch of funky financing eg selling its infrastructure and its device leasing portfolio to cover some of the losses - but they came in talking about merging T-Mo USA into Sprint and went out by selling Sprint to T-Mo USA, which really only wanted the 2.5GHz spectrum
Yes. To be fair it was somewhat less bad when he was around but they still ended up folding and selling the no.3 network to the no.4 network (by then by far the best from a technology and operations point of view)
Interesting. Wasn’t familiar with it but all very high level in the book. I think Misra did the funky financing on Sprint which is what convinced Masa Son to back him on the Vision Fund. Took out the DB structured credit playbook
Really, the Sprint-Nextel merger fucked that company up; they overpaid, spent years and billions litigating and buying out local Nextel affiliates, looked after the execs mightily, and took their eyes completely off the ball technically, running down the WiMAX rabbit hole, screwing up successive network upgrades, and losing their really impressive enterprise push to talk app ecosystem down the back of the sofa
Softbank thoroughly failed to fix Sprint - they did do a bunch of funky financing eg selling its infrastructure and its device leasing portfolio to cover some of the losses - but they came in talking about merging T-Mo USA into Sprint and went out by selling Sprint to T-Mo USA, which really only wanted the 2.5GHz spectrum
Is that the 7ft Marcelo Bolivian chap?
Yes. To be fair it was somewhat less bad when he was around but they still ended up folding and selling the no.3 network to the no.4 network (by then by far the best from a technology and operations point of view)
Interesting. Wasn’t familiar with it but all very high level in the book. I think Misra did the funky financing on Sprint which is what convinced Masa Son to back him on the Vision Fund. Took out the DB structured credit playbook
Really, the Sprint-Nextel merger fucked that company up; they overpaid, spent years and billions litigating and buying out local Nextel affiliates, looked after the execs mightily, and took their eyes completely off the ball technically, running down the WiMAX rabbit hole, screwing up successive network upgrades, and losing their really impressive enterprise push to talk app ecosystem down the back of the sofa