Sprint Nextel to Divest iDEN Properties
Today Sprint announced its plans to divest some of its iDEN network properties located in several midwestern states. Sprint is required to divest some of its iDEN assets according to a court ruling in Illinois after being sued by affiliate iPCS. The regions affected include portions of Illinois, Iowa, Michigan and Nebraska. Sprint is now accepting offers for the assets in question, and plans to have them all divested no later than January 25, 2010. Sprint is not selling any portion of its CDMA network.
Sprint to Sell Certain Network Assets for $2.2 Billion
Sprint has agreed to sell select network assets to a company called Network LeaseCo and then lease back those assets for an unspecified sum. The move is meant to boost Sprint's cash position and will eventually add $2.2 billion to the company's coffers.
AT&T Hopes to Score Spectrum from Cellular Properties
AT&T recently filed paperwork with the FCC seeking permission to buy some Cellular A Block and microwave point-to-point spectrum from Cellular Properties Inc. The spectrum in question covers 11 counties and parts of two Cellular Market Areas in Illinois.
Sprint to Digest $150 Million Charge On Layoff Costs
Sprint will be forced to take a $150 million charge to cover costs associated with laying off staff, according to a filing with the SEC. Sprint announced plans to cut an undisclosed number of staffers earlier this year.
Sprint Can Commence WiMax Shutdown
A Massachusetts court has given Sprint permission to turn off its WiMax network in stages over the next two months. Sprint will turn WiMax off in 16 cities, including New York, today, with 39 more to follow on February 29, and the remaining 25 cities on March 31.
SoftBank to Trim Thousands of Jobs at Sprint
Masayoshi Son, CEO of SoftBank, said the company plans to eliminate thousands of jobs at Sprint in order to reduce costs and aid in the company's turn-around plans. Son made the comments while discussing SoftBank's financial performance, which was impacted negatively by Sprint.
Be smart for any carrier to pick these up