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 to Kill Off WiMax Once and for All On Nov. 6, 2015
Sprint today confirmed it will permanently shutter its WiMax network on or around November 6, 2015. The company had previously said it would operate the failed 4G network until "the end of 2015." Sprint said it has identified 6,000 "redundant sites that we expect to decommission and terminate the underlying leases," as part of the process, which will save the company some money.
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.
Masayoshi Son Would Consider Selling Sprint Spectrum
SoftBank CEO and Sprint Chairman Masayoshi Son indicated he'd be willing to sell some of the company's 2.5GHz spectrum assets to keep Sprint funded. Sprint gained a massive amount of 2.5GHz spectrum holdings when it purchased Clearwire.