Sprint Commits Another $1 Billion to Clearwire
Sprint and its investor partners have agreed to invest another $1.5 billion in Clearwire, provider of WiMax services. Sprint will front $1 billion, and Comcast, Intel, Time Warner Cable and Bright House Networks will contribute the remaining $500 million. Google, which has already made investments in Clearwire, is not partaking in this financing round. Clearwire and Sprint have been launching WiMax networks in various markets across the country, most recently Philadelphia, and have plans to launch more in 2010. So far, Sprint and Clearwire have about 511,000 subscribers.
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.
Nonprofits Convince Judge to Delay Sprint's WiMAX Shutdown
Mobile Citizens, a not-for-profit organization that provides free and low-cost internet service to schools, has won an injunction preventing Sprint from shutting down its WiMax network. Sprint had planned to cease operating WiMax on Nov.
Sprint to Kill Off WiMax Once and for All On Nov. 6, 2015
Sprint today confirmed it will permanently shutter its WiMax network on or around November 6, 2015. The company had previously said it would operate the failed 4G network until "the end of 2015." Sprint said it has identified 6,000 "redundant sites that we expect to decommission and terminate the underlying leases," as part of the process, which will save the company some money.
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.
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.
Terrible service! People are not even getting the download speed advertised.
Heads up, Clearwire (CLWR) will be announcing it's 3rd qtr info tomorrow!
Our employees haven't seen a raise for over 2 years, we've seen layoffs 3 years in a row, and now you're investing over a billion dollars in Clearwire??
TAKE CARE OF YOUR EMPLOYEES, DAN HESSE!!
Do you have the slightest idea of how business works? I didn't think so.
If you were hired as a CEO of a failing company these are the things you would have to do to turn the company around. Once you get revenue a...
say what you will