Sprint Supports Idea of T-Mobile Investing in Clearwire
Dec 2, 2010, 4:38 PM by Eric M. Zeman
According to a Goldman Sachs analyst who spoke with Sprint's C-level team, the company supports the idea of T-Mobile buying wholesale WiMax network capacity from Clearwire. Goldman's Jason Armstrong said, "Sprint indicated they have encouraged a wholesale deal. Sprint would support a T-Mobile equity infusion into Clearwire," though it would depend on the price for access. Armstrong also said that Sprint is still negotiating with Clearwire about future investments. Unfortunately for Clearwire, Sprint "does not appear to have shareholder support for a full buy-in of Clearwire, making an equity infusion most likely." Today, Clearwire announced a debt offering in hopes of raising $1.1 billion. Last month, Clearwire announced staff cuts and network roll-out delays in order to save money.
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