Sprint has signed a deal with the newly formed Mobile Leasing Solutions, LLC, which has been created by a group of equity investors including Sprintâs majority owner and parent company, Softbank Group. Roughly $1.1 billion cash infusion occurred through this sale and lease-back deal. Notably, Sprint anticipates sale of 2.5 million leased devices with a projected book value of $1.3 billion to Mobile Leasing Solutions. The lease-back deal is intended to reduce one of Sprintâs biggest expenses â the cost of buying millions of new devices.
SAN DIEGO - April 8, 2010 - Qualcomm Incorporated (Nasdaq: QCOM) today announced a quarterly cash dividend of $0.19 per common share, payable on June 25, 2010 to stockholders of record at the close of business on May 28, 2010.
Interest is payable semiannually on July 1 and January 1. The entry to record the December 31 interest accrual would include a. Tempest Co. purchased 60, 6% Urich Company bonds for $60,000 cash. Interest is payable semiannually on July 1 and January 1. The entry to record the July 1 semiannual interest payment would include a. Ban Co. purchased 50, 5% Waylan Company bonds for $50,000 cash plus brokerage fees of $500.