Clearwire Shopping Spectrum to Raise Funds
According to unnamed sources cited by Bloomberg, Clearwire is attempting to auction off some of its surplus spectrum in order to raise the funds necessary to continue operations. Sources with knowledge of the matter say that the auction has garnered interest from AT&T, Verizon Wireless, and Germany's Deutsche Telekom. Clearwire is seeking to raise at least $5 billion. None of the companies involved offered comment, though Clearwire had previously confirmed that it was in talks with Deustche Telekom's T-Mobile USA operations. It is not known what spectrum allocations Clearwire is looking to sell.
more info at Reuters »
T-Mobile Parent to Wait for Auction's End to Shop Uncarrier
Deutsche Telekom, the parent company of T-Mobile US, will not pursue any mergers or acquisitions for the Uncarrier while the FCC is holding its incentive spectrum auction. The information comes from unnamed sources cited by Reuters.
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.
Deutsche Telekom Shopping T-Mobile to Comcast
Deutsche Telekom is discussing with Comcast the possibility of the cable firm buying T-Mobile US. Deutsche Telekom is talking to several other companies, including Dish Networks, but Comcast is seen as the primary contender thanks to its stronger finances.
T-Mobile Wants $1B Break-Up Fee If Sprint Deal Fails
T-Mobile and Sprint are weighing several big factors ahead of a potential merger between the two. To start, Deutsche Telekom, a two-thirds owner of T-Mobile, is demanding a break-up fee of at least $1 billion if the merger is shot down by U.S.
Well, so much for...
Nextel spent 1/2 a billion dollars on some narrow bands of 700 MHz spectrum back in September 2000. Maybe they could get some cash out of that holding from auction #33.
Too bad all they bought was B block spectrum. Verizon would give a tooth or two for those upper A-block bands!!!
Better luck next time, CLEAR.
http://wireless.fcc.gov/auctions/default.htm?job=auc ... »
http://wireless.fcc.gov/auctions/data/bandplans/700b ... »