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 Hangs Up on Dan Hesse, Names New CEO
Sprint today announced it has named Marcelo Claure as President and CEO of the company, who replaces Dan Hesse. Claure already served on Sprint's board of directors, and is the Founder and CEO of Brightstar Corp.
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 to Sit Out AWS-3 Auction
Sprint today confirmed that it will skip an upcoming spectrum auction. "Sprint has decided not to participate in the FCC's AWS-3 auction, but will continue to evaluate the opportunities presented by the upcoming 600MHz incentive auction," said Sprint spokesman Jeffrey Silva to Bloomberg.