AT&T Offloads Spectrum to Clearwire
Feb 20, 2007, 2:50 PM by (staff)
In a deal worth $300 million, AT&T will sell its 2.5 GHz spectrum holdings to wireless broadband provider Clearwire. Clearwire will use the spectrum to increase its WiMAX broadband Internet and VoIP offerings. The deal was necessitated in part by the AT&T-BellSouth merger. The spectrum includes the Education Broadband Service (EBS) and Broadband Radio Service (BRS) allotments. EBS is reserved for educational institutions and BRS is for commercial high-speed broadband services. Clearwire also announced plans to sell 20 million shares of stock in its IPO later this year, which it hopes will raise $500 million.
ITU Inches Closer to Defining 5G Spectrum
The International Telecommunications Union recently concluded the World Radiocommunication Conference 2015 (WRC-15) and moved forward several initiatives meant to allocate spectrum for mobile broadband. The conference, which recorded some 3,300 attendees, covered more than 40 topics across the gambit of wireless services.
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.
T-Mobile Seeking Funds, Will Sell Stock
T-Mobile today said it intends to raise capital by selling up to 17.4 million shares in stock. T-Mobile said it will use the proceeds from the sale for "general corporate purposes, including capital investments and acquisition of additional spectrum." T-Mobile said the money won't be used for the AWS-3 spectrum auction, which is taking place right now.
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.
FCC Proposes Spectrum Screen Changes
The Federal Communications Commission today issued a Notice of Proposed Rulemaking that will see changes made to how it uses spectrum screens to weigh spectrum auctions and sales. The FCC wants to see low- and high-band spectrum put to use more evenly around the country by a wider range of companies.
should have given it to sprint
or wait... at&t has something to compete against sprint wimax?
I'm pretty sure Sprint has all the 2.5ghz spectrum they need.