Spinoff -- Engadget Mobile

spinoff posts

Sprint "seriously considering" spinning off Nextel

by Darren Murph posted May 5th 2008 @ 4:00PM

We'd take this with half a tablespoon of salt for now, but The Wall Street Journal is reporting that Sprint-Nextel Corp. is "seriously considering spinning off or selling its ailing Nextel unit." That's according to undisclosed people "familiar with the situation," though Sprint did decline to comment on whether it actually was considering a sale of Nextel. Also of note, Cyren Call is reportedly attempting to "assemble a consortium of investors to acquire Nextel as part of its plans to create a nationwide wireless network for public safety communications," and while it can't be confirmed, we are hearing that Sprint is "contemplating other possible buyers such as private equity firms." Still, these same sources made clear that "no deal was imminent and that Sprint was preoccupied for the moment with other matters." It's no secret that the firm would be way more attractive to suitors (read: Deutsche Telekom) if the flagging Nextel division was detached from the deal, but we guess we'll have to wait and see how it all plays out. [Warning: read link requires subscription]

[Thanks to everyone who sent this in, image courtesy of Flickr]

Motorola officially considering dropping its phone unit

by Paul Miller posted Jan 31st 2008 @ 7:32PM

Rumor no longer, Motorola is taking a hard look at its Mobile Devices unit and might very well give those slackers the ol' Freescale treatment and spin off the division as a separate company. This sort of love 'em and leave 'em tactic is oddly a bit of a habit with Motorola when times are bad, and times certainly have been better -- Motorola's phone unit lost $388 million this quarter, compared to $341 million in earnings a year ago. Motorola may sell the unit or spin it into its own company, which would leave Motorola with precious few intersections with the RAZR-saturated consumer, and as more of a government and enterprise business. Says Greg Brown, current president and CEO: "We are exploring ways in which our Mobile Devices Business can accelerate its recovery and retain and attract talent while enabling our shareholders to realize the value of this great franchise." It's a pretty odd statement for any company to make, and considerations may be further along than they sound, but either way we'll be keeping an eye out for any developments.

[Thanks Stasys; via Unwired View]

Sprint explores options for WiMAX, ponders Clearwire deal

by Darren Murph posted Jun 15th 2007 @ 10:37AM

Looks like Sprint's feverish approach to WiMAX just swallowed a chill pill, as the firm is reportedly "exploring new options for financing its ambitious plan." In a presumed effort to "soothe investor concerns about the cost of the WiMAX plan," the company is actually investigating a partnership or joint venture with Clearwire in order to simultaneously remove a potential competitor and gain access to the critical Clearwire markets in the southeastern US. Of course, Clearwire isn't one to shy away from high stakes partnerships, and the FCC nod for a WiMAX-class laptop card that it garnered just last month could fit in quite well here. Still, Clearwire is refusing to comment just yet on whether this possibility is even feasible, but the mere mention of a spinoff likely means that Sprint isn't feeling all too peachy about future WiMAX profitability. [Warning: Read link requires subscription]

[Via InformationWeek]

Keepin' it real fake, part LVII: Ultimate knockoff phone rips four separate brands

by Sean Cooper posted May 17th 2007 @ 3:09PM

We get a wee bit excited round here when brands collide to create interesting new spinoffs, but this handset is full-on ridiculous. Our creative Asian friends weren't happy with a simple gaming handset, they had to bust out a Windows Mobile-esque OS, with a dash of faux PSP, a splash of Nintendo all wrapped in almost Anycall. Notice that great big PSP logo on the back? Well that's all there is for Sony content here, the handset is actually loaded with NES games and Pac-Man? Of course, we have to congratulate on the Samsung F520 double slider thing going on here, we feel that this is definitely a winning idea, but of course this handset only copies and is definitely not the brainchild of Samsung. Packing dual-band GSM a-la 900 / 1800, a 1.3 megapixel shooter, a touchscreen, and support for up to 2GB of memory, the mystery manufacturer handset definitely has the goods. This is without a doubt the pinnacle of Keepin' It Real Fake fare, and we think this could only be topped by some clever use of iPhone branding and maybe a Coca-Cola color scheme. This one won't be hitting carriers over here, but at the end of the day, who really cares? We are justifiably in awe.

Verizon to merge with FairPoint in New England, Midwestern states

by Darren Murph posted Jan 16th 2007 @ 8:20PM

For you lucky folks in New England who just got access to Verizon's 50Mbps FiOS services, you didn't think those hefty upgrades were sans a cost, did ya? Sure, Verizon's socking it to the high-end customers on that monthly bill, but the huge implementation cost ($18 billion, to be exact) of running all that fiber has persuaded Verizon to "sell the New England landline business as well as lines in several Midwestern states" to get a whopping $1.7 billion in debt wiped from its slate. The purpose of the merger is to free up assets to continue full speed ahead with its extremely costly FiOS rollouts, and since Verizon is intelligently targeting the largest markets (read: most lucrative) first, it's leaving the rural spots for FairPoint to handle. Nearly 3,000 Verizon employees will now be receiving checks from the Charlotte, NC-based FairPoint, with about 600 more expected to switch after the deal is completed. Additionally, shareholders will receive $1 billion of FairPoint common stock in the merger, as both companies attempt to keep everyone smiling throughout the process. If everything goes as planned, which typically never happens in these type deals, the merge will be complete "by year's end," so if you're content with Verizon services up in New England or the Midwest, don't be alarmed if "some FairPoint bill" starts showing up in your mail. [Warning: Read link requires subscription]

Sprint Nextel spins off Embarq landline unit

by Donald Melanson posted May 17th 2006 @ 11:55PM

Sprint Nextel is set to officially spin-off its landline unit tonight -- at one minute before midnight, specifically. The new company, dubbed Embarq, will then begin trading on the New York Stock Exchange Thursday morning, and will also join the S&P 500. As we reported earlier, Embarq plans to offer dual-mode handsets that can transfer seamlessly between WiFi and cellular networks, pitting it against T-Mobile and Lucent in that area. Embarq also offers high-speed Internet service in addition to local and long distance phone service and will rank as the 5th largest local communications company in the United States, the company says.

[Via CNET Broadband Blog]