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.
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.
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.
AT&T, Verizon Dominate AWS-3 Auction
The FCC today published a list of companies that placed winning bids for the AWS-3 spectrum auction. The FCC auctioned off 1,600 licenses, for which 70 companies were competing.
Dish Seeking Cash for Possible T-Mobile Deal
Dish Networks is discussing loans of $10 to $15 billion with banks, reports the Wall Street Journal, which it would use to finance a merger with or acquisition of T-Mobile. Dish and T-Mobile are believed to be holding merger talks, though a deal is not imminent.
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 ... »