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Sprint Seeks Funding For WiMax Network

Jun 14, 2007, 1:22 AM by (staff)

Sprint is seeking additional funding to build out its WiMax high-speed data network. The carrier has contacted WiMax operator Clearwire about creating a partnership or Joint Venture that would include Clearwire's network and Sprint's WiMax assets. Sprint has also approached its cable partners for additional cash to build out its new high-speed network. Sprint has already committed $3 billion to building out its WiMax network and expects to launch in selected cities this year.

Reuters »

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Comments

This forum is closed.

This forum is closed.

Jayshmay

Jun 14, 2007, 9:24 AM

Sprint=Welfare

This is really, really pathetic that Sprint is asking for funding, they can't build out they're own network like every other carrier?!?!?

SprintPCSGuy

If you think that other carriers don't have companies invest in their network, you are dreaming. And maybe companies like ::cough:: T-Mobile ::cough:: would have better coverage if they had some others invest in making thier network better. T-Mobile d...
(continues)

...

ndragisic

Damn. Sprint should buy Clearwire now before they can no longer afford it. You could get clearwire right now for about 1.2 billion and then use the clearwire motorola contract for the 3 billion to build out the network.

bigdaddyjay

Jun 14, 2007, 6:28 PM

Jumping Jesus On A Pogo Stick

Are you kidding me???? Sprint advertises the piss out of WiMax and how great it will be and now they are trying to find funding to assist with the roll-out of WiMax???? Nothing like sharing the profits of what you are building instead of ponying up and making it work. Only a company that isn't secure in their choice would bring in a major player to help assume the risk of blowing billions on an unproven technology that hasn't even been deployed commercially.
Sprint PCS is becoming the Delorean of the cell phone world!!!

algorithmplus

Shhh....Nextel18 might hear you...

You shouldn't burst his bubble like that.

...

muchdrama

Jun 14, 2007, 3:23 PM

Why is this so hard to understand?

Lots of big companies hunt down additional financing when implementing new technology or hardware.

TradeMark_310

Jun 14, 2007, 12:46 PM

Didn't I just read...

that they spent +$300 mil for an affiliate? And now they want a loan for WiMax that they've already dumped 3 bil into? 🙄

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