News that SoftBank was completing its $21.6 billion takeover of SprintNextel led the stock to trade as much as 10% higher during the next trading session. Helping matters was both an upgrade of the stock and news that the wireless carrier would be offering new rate plans designed to keep customers for life. Sprint continues to work hard to differentiate itself from both Verizon and AT&T but has been playing catch up in terms of its network.
In the following video, Fool.com contributor Doug Ehrman discusses how both the deal and the rate plans may give Sprint the tools it needs to become a more serious contender in the space.
As the battle for smartphone supremacy continues to intensify, both hardware manufacturers and carriers are doing battle. Truth be told, one company sits at the crossroads of smartphone technology as we know it. It's not your typical household name, either. In fact, you've probably never even heard of it! But it stands to reap massive profits no matter who ultimately wins the smartphone war. To find out what it is, click here to access the "One Stock You Must Buy Before the iPhone-Android War Escalates Any Further."
The article Can Sprint Become a Serious Wireless Player Now? originally appeared on Fool.com.
Fool contributor Doug Ehrman and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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