News that SoftBank was completing its $21.6 billion takeover of Sprint Nextel (NYSE: S ) 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 (NYSE: VZ ) and AT&T (NYSE: 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."