Sprint Eying Spectrum Purchases Beyond Clearwire
Clearwire's spectrum won't be enough to sate Sprint's needs, according to CEO Dan Hesse. "Clearwire would give us a strong spectrum position for a period of time,' said Hesse to Bloomberg, "but we also have a very long-term view, and we would want to acquire more spectrum." Sprint is currently seeking regulatory approval to purchase the remaining 49% of Clearwire that it does not already own. Doing so will give it complete access to Clearwire's 2.5GHz spectrum. Ultimately, however, Sprint will need more in order to compete with AT&T and Verizon Wireless. "Given the increases in data usage we are seeing, we will continue to be interested in spectrum as it comes to market. It could be more deals like spectrum from other companies like we did with U.S. Cellular or it could be FCC auctions." Hesse stopped short of announcing any new deals, however. Sprint itself is in the process of selling a 70% stake to Japan's Softbank for $20.1 billion. Both that sale and its Clearwire acquisition are awaiting government approval.
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.
Sprint, T-Mobile Want FCC to Eye AT&T's Spectrum Spree
Sprint, T-Mobile, and others want the FCC to "carefully scrutinize" a number of AT&T's proposed low-band spectrum acquisitions. AT&T has asked the FCC for permission to purchase 700MHz spectrum from a range of small companies around the country.
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.
Verizon and T-Mobile Agree to $173M Spectrum Swap
Verizon Wireless and T-Mobile have agreed to exchange AWS-1 and PCS spectrum in dozens of markets around the country in a deal valued at $173 million. The spectrum in question covers portions of Arkansas, California, Illinois, Indiana, Iowa, Kentucky, Massachusetts, Minnesota, Mississippi, Missouri, Montana, New York, North Dakota, Ohio, Pennsylvania, South Dakota, Tennessee, and Virginia.