Sprint Offers $2.1 Billion for Clearwire
Sprint today offered to buy the remaining 49% of Clearwire that it doesn't already own for $2.1 billion. The bid comes at a time when Sprint is trying to consolidate and simplify its operations and network plans moving into the future. Sprint, Google, Intel, and others formed Clearwire in 2008 with the goal of creating a nationwide WiMax network. Costs and slow uptake of the service doomed Clearwire's WiMax efforts. The company, like Sprint, decided to change from WiMax to LTE, a process that is still ongoing. In acquiring Clearwire, Sprint will also gain significant spectrum holdings, which it can use to supplement its nascent LTE 4G network. Sprint has already dumped billions of dollars into Clearwire. Sprint is also in the process of selling 70% of itself to Japan's Softbank in a deal that is not expected to close until next year.
Sprint's WiMax Shutdown May Halt Service for Charities
Sprint plans to deactivate its WiMax network on Nov. 6, but some charities say the change will eliminate internet service for some 300,000 Americans altogether.
Sprint Can Commence WiMax Shutdown
A Massachusetts court has given Sprint permission to turn off its WiMax network in stages over the next two months. Sprint will turn WiMax off in 16 cities, including New York, today, with 39 more to follow on February 29, and the remaining 25 cities on March 31.
Nonprofits Convince Judge to Delay Sprint's WiMAX Shutdown
Mobile Citizens, a not-for-profit organization that provides free and low-cost internet service to schools, has won an injunction preventing Sprint from shutting down its WiMax network. Sprint had planned to cease operating WiMax on Nov.
Sprint to Sell Certain Network Assets for $2.2 Billion
Sprint has agreed to sell select network assets to a company called Network LeaseCo and then lease back those assets for an unspecified sum. The move is meant to boost Sprint's cash position and will eventually add $2.2 billion to the company's coffers.
Sprint to Relocate Cell Sites In Bid to Cut Costs
Sprint hopes moving its radio infrastructure away from privately held companies to government-owned land and/or structures will help shave $1 billion in costs, reports Re/code. Sprint leases cell tower access from Crown Castle and American Tower, and lease rates are a significant part of it operational costs.