Considering Sprint's financial position and the overall credit market, we're not exactly sure where the carrier managed to pick up $831 million, which it promptly used to acquire affiliate iPCS and take on $405 million of net debt. If you'll recall, the aforesaid youngin' was worrying papa way back in May of 2008, and it seems that Sprint has finally had enough of this whole "litigation" thing. The acquisition puts all of the court battling to rest (or at least it's expected to), enabling the operator to stop divesting its iDEN network in select iPCS markets. Money may not buy happiness, but it sure buys a good muzzle.

[Via Reuters]

Bad news, good news, and potentially great news time, folks. First with the bad: Sony Ericsson posted another loss for its fiscal third quarter, to the tune of 164 million euro (about $244 million US), blaming a large chunk of that on a drop in sales. Sales dropped year-over-year 40 percent to 1.6 billion euro, and unit shipments comparably down 45 percent. That's the bad, now what's good for SE is that its secured more financial backing to reshape its future into something more profitable. External financing totals a reported 455 million euro ($676 million US), 255 million of which is already in the company's position and 200 million as a two-year backup. SE also managed to beat analyst estimates, losing less than anticipated, and that's gotta induce some bittersweet smiles in the corporate boardrooms... oh, the potentially great news? Well, SEMC blog has boldly announced that the Android-imbued Rachael (a.k.a. XPERIA X3) is due out this November, same specs as we heard before and two color options, Sensuous Black and Luster White. Unfortunately, we're not seeing exactly where this news is coming for, so until SE speaks the magic words, we're considering it a rumor for now -- but we're hopeful.

[Via GSM Arena; thanks, Gillz and Christo]

Read - Rachael in November?
Read - Sony Ericsson 3Q loss widens
Read - XPERIA X3 in the wild

Aside from pushing out around one phone per year (at best), Iridium Satellite really hasn't had a major impact on the market over the past ten years. 'Course, that's probably because it's hard to have much impact after seeking bankruptcy protection in 1999, but we digress. Starting tomorrow, new life will be breathed into Iridium thanks to a merger with publicly traded GHL Acquisition. If all goes to plan, the merger will add over $200 million to the company's bank account, enabling it to pay down debt and develop a next-generation network of satellites to be launched in 2014. Furthermore, $160 million will be raised by issuing another 16 million shares at $10 a pop, and a new label (Iridium Communications) will be thrown on for good measure. Only time will tell if the world really is ready to adopt satellite phones en masse, but if TerraStar's latest deal is any indication, we'd say chances are good halfway decent.

With T-Mobile UK and Orange now having to (potentially) learn to play nice, Deutsche Telekom is already looking ahead to its next big target: Sprint Nextel. According to a Telegraph report, the telecom giant, with an estimated value of $60.45 billion, has called in advisers from Deutsche Bank as it reportedly prepares to submit an offer to the $10.6 billion-valued Now Network within the next three weeks. The assimilation of Sprint and Deutsche Telekom subsidiary T-Mobile US under the same umbrella could give second-place AT&T a fight with a 78.2 million-strong customer base... but that said, we wouldn't anticipate any quick or smooth merger given the US carriers rely on substantially different bands (CDMA vs. GSM) for service. Hey, there's always WiMAX might come into play. Obviously there's a lot of unanswered questions here, but at this point it's all speculation given no actual offer has been thrown on the table -- and we bet Hesse will have some choice words on the matter. Keep an eye out on this one, things could very quickly get very, very interesting here.

[Thanks to everyone who sent this in!]

We've long since known that Apple (as opposed to AT&T) was getting the better end of the pair's exclusive partnership here in America, but new research from Strand Consult has found that the situation is fairly similar all around the globe. According to the report, nary a one of the telecom operators it studied had seen a boost in market share, revenue or earnings as a result of introducing the iPhone, and some carriers even issued profit warnings due to the heavily subsidized handset. The study goes on to shed pity on firms like SingTel and TeliaSonera, both of which are purportedly seeing margins and ARPU (average revenues per subscriber) sink due to Apple's darling joining the fray. But really, we can't help but express our doubts about the all encompassing, almost sensationalized nature of this; we've watched AT&T's profits soar ever since it snagged the iPhone, and considering that every iPhone buyer also coughs up a significant monthly fee for a data plan, we can't imagine revenues tanking that severely. Or, you know, maybe we're all just getting a really good deal on our bloated iPhone plans.

These days, the whole "I shipped a million!" claim is becoming more and more common, but it's still worth pointing out that HTC has managed to move a whole bundle of its Android-based myTouch 3G (or Magic, as it were) since debuting in April. Or, that's the story, anyway. According to a dangerously brief blurb over at Digitimes, the outfit's head honcho quipped that the Magic has "surpassed one million units," and he also noted that it would begin to focus more on the mid-range market as opposed to always dealing devices at the high-end. So, raise your glass high for this one folks, and let the countdown to a million Hero handsets begin while you're at it.

[Via InformationWeek]

HTC's been on somewhat of a hot streak here lately, but word on the street has it that the aforesaid outfit may not be able to ship all of its forthcoming handsets on time. A new Wall Street Journal report on falling revenue in the HTC camp notes that an undisclosed amount of delays, a larger-than-anticipated drop in contract orders and lower-than-expected sales in China could lead to drooping income in the short term, and some analysts are pointing out that the company's average selling price per phone is sliding due to looming Android competition from the likes of Motorola and Sony Ericsson. Aside from the Touch Pro2 that'll probably never, ever land on Sprint, HTC has about a gazillion other rumored handsets on the horizon, but it's hard to know for sure which "product launches" are expected to be stalled. So, is HTC secretly retooling a smattering of its handsets in order to stay one step ahead of SE and Moto? Or are old fashioned supply chain inefficiencies to blame?

See that image there on the right? Yeah, it's a pretty drastic departure from the Sad Moto™ face that had become all too common when talking about the company's financials. Just a quarter after posting a dreadful $291 million loss, the outfit responsible for creating the RAZR and then doing nothing for half a decade is finally showing a profit once more. The Q2 numbers show an "unexpected" $26 million profit on sales of $5.5 billion, $1.8 billion of which came from the handset division. Of course, that very division managed to lose $253 million and see its global market share slip to 5.5 percent, but with a big bang from Android reportedly just months away, CEO Sanjay Jha ain't taking time to frown.

Just hours after the Verizon-branded Sholes smartphone surfaced, Mr. Jha was quoted as saying that two Android devices would be "in stores for the holiday season," with launches occurring on "two major carriers in North America and multiple carriers outside the US." He also noted that plans were in place to ship "several additional Android-based devices in the first quarter of 2010," but details beyond that were vague. So, is this the beginning of a new, happier Moto? Our aged copy of Photoshop certainly hopes so.

Read - Motorola's Q2 results
Read - Jha on future Android devices

Remember Virgin Mobile? Sure you do -- not long ago the last-man-standing MVNO snapped up Helio, and seemed ready to take its place as one of the few boutique prepaid operations still... er, operating. Well that appears to be all but done and done, as Sprint has just announced a "definitive agreement" to purchase the company for $483 million worth of sweet, succulent stock (which looks to be right about what it was valued at to begin with). It looks like Sprint will pair the acquisition with its Boost Mobile brand, which till now was in direct competition with VM. It's not quite rival city, however, Virgin Mobile USA was launched as a joint venture with Sprint, and the MVNO glides on Dan Hesse's network as it is. Still, it does seem to be another indicator that the days of the MVNO are certainly on the wane, though Sprint now looks to own the space -- what little there is.

The good news, if you want to call it that, is that Sony Ericsson's most recent quarter loss is not as bad as its epic $382 million tab prior, and at this point there's no talk of further en masse job cuts. That said, this new report isn't exactly sunshine, and the Q2 results show a 213 million Euro ($299 million) net loss. Product shipments were around 13.8 million, down 43 percent compared with last year. Some blame is attributed to the focus on mid-tier feature phones in lieu of a greater smartphone push -- SE says it's working to correct that direction, but its higher end devices won't hit until fourth quarter. One interesting note is that one of those late-year handhelds is said to "integrate with PlayStation," but before you get excited over the oft-rumored PSP phone, we'd venture to say it's more likely that description's referencing the Remote Play-supporting Aino. From what we can tell, there's no indication of what's in the cards to improve Q3, so we won''t exactly be surprised if the story repeats itself three months from now.

We've yet to see Palm or Sprint confirm these numbers, but a quote from JPMorgan found in a Wall Street Journal roundup this morning asserts that "sales [of the Pre] in the first two days probably exceeded 50,000." The report continues by mentioning that said figure was "aligned with expectations, but probably fell short of the 146,000 reported first-gen iPhone sales" during its opening weekend due to "capacity constraints in manufacturing." By and large, most analysts are deeming the Pre launch a success, though it's hard to say whether the suits at Palm and Sprint agree or disagree. No matter how you slice it, 50,000 units in a single weekend ain't nothing to scoff at, but we'd say next weekend's sales could be even more telling. You know, if anything goes down today at 1:00PM ET.

[Via ZDNet]

Update: A new WSJ report now says analyst ranges are between 50,000 and 100,000. Heck, maybe Palm sold eleventy billion.

See folks, this is the kind of mess you end up with after you gleefully do a deal with the devil. According to a roundup of reports over at Unwired View, three of Russia's major mobile operators could be looking at massive (we're talking hundreds of millions of bucks) fines if they can't sell through their iPhone allotments, and unless a significant market shift happens within the next few months, that situation seems remarkably unlikely. We're told that Vimpelcom pledged to sell 1.5 million iPhones within two years, while Megafon committed to 1 million and MTS the same. Today, just 900,000 iPhones have been imported to Russia, with over half entering the country via grey market channels; we'll let you figure out the math there, but it ain't pretty for Russia's carriers. Of course, we're not shocked in the least -- after getting burnt by a bootable-but-not-usable iPhone over there, are you seriously going to give Apple another chance to win you over?

[Thanks, Staska]

Truthfully, we wouldn't put too much stock in that headline considering that Samsung Mobile Display, a company that makes its ends off of selling active-matrix OLEDs, is the source. But on the other hand, we can definitely see it coming to fruition. According to a new report, said outfit has stated that OLED screens of some sort will be on over half of all mobile phones (not just smartphones, mind you) within the next five years, and that these same power-sipping displays will be on 20 percent of digital cameras and 30 percent of portable game players (PSP2, anyone?) within the same window of time. While it may seem a bit far-fetched now, we actually have good reason to believe that OLED adoption will indeed skyrocket on the small scale; it's those big screen TVs that we're worried only our grandchildren will truly enjoy.

[Via OLED-Info]

So, there's good news and bad news here, and we're opting to go against tradition by dishing out the positive first. Nokia just pushed out its Q1 2009 results, and while many firms have been struggling to stay afloat, at least it managed to turn a profit of €122 million ($160 million). That said, it's still looking at a staggering 90 percent drop in profits compared to its first quarter of 2008, where it raked in a mind-boggling €1.222 billion ($1.6 billion). Not surprisingly, sales were also down 27 percent to €9.28 billion ($12.2 billion) from €12.7 billion ($16.7 billion). Of course, Nokia's far from being alone in having to showcase less-than-beautiful Q1 numbers, but in reality, the damage could've been much worse; in fact, shares of the company's stock inched up by 8 percent following the reveal, as many had feared an even more significant decline. All in all, Nokia's still holding strong to a 37 percent market share worldwide, and if CEO Olli-Pekka Kallasvuo has anything to do with it (hint: he does), things should be on the up and up here soon.

[Via BBC]