Sprint Swaps Broadband Spectrum With Clearwire
Dec 23, 2005, 4:25 PM by (staff)
Sprint Nextel and Clearwire have asked for FCC approval to complete a spectrum swap that the two companies worked out in October. The two companies are looking to swap 2.5 GHz licenses for different cities and rural areas around the country. Clearwire will give Sprint licenses to 9 major metro areas in exchange for 61 licenses in smaller markets. This license swap will help Sprint Nextel meet the FCC's demands that the merged company provide wireless broadband to at least 16 major metro areas within four years. It also more closely aligns the licenses to each provider's business plans. Sprint has recently announced several agreements hinting that the company will operate WiMax networks on this spectrum.
Sounds like a good move