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Sprint Confirms Departure of CEO from the company

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In a statement that was as short in meaningful facts as it was momentous, USA based Sprint confirmed rumours that its CEO, Dan Hesse is leaving the company.

His departure is widely rumoured to be due to the failure of an attempt to launch a takeover bid for T-Mobile USA, which is is reported was dropped by the other directors on Tuesday.

Whether he resigned, or was sacked is unknown, as Sprint is keeping an almost monastic level of silence over the issue.

Sprint spent most of its time talking about the new CEO, Brightstar founder Marcelo Claure who is also selling his remaining stake in Brightstar to Sprint's controlling shareholder, Softbank for an undisclosed amount.

Softbank already owned 57% of Brightstar.

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Tags: sprint  softbank  brightstar  USA