Sprint Skips Clearwire Investment Opportunity
Sprint has declined to exercise its rightful options to purchase debt from WiMax partner Clearwire, which is attempting to raise more capital. Clearwire announced in December plans to offer $1.1 billion in debt in order to gain the funding it needs to continue operations. The debt offering came after the company announced plans to release employees and slow down projects. Sprint is a majority owner of Clearwire, but didn't use this opportunity to invest more in its partner.
Jolla Rises from the Ashes With New Focus
Dec 18, 2015
Jolla today said it has secured new financing and will thus continue operations. The company recently laid off a large percentage of workers after it appeared the funding wouldn't go through.
Apple Plans Major Investment in U.S., Says 20,000 Jobs On Deck
Jan 17, 2018
Apple today outlined plans to contribute up to $350 billion to the U.S. economy across various avenues over the next five years.
Apple Awards Face ID Laser Company Finisar with $390 Million
Dec 13, 2017
Apple today said it plans to invest $390 million in Finisar, the Texas-based supplier of its VCSEL (vertical-cavity surface-emitting lasers) wafers. Apple uses the VCSEL technology in the iPhone X to power Face ID, Animoji, and portrait photography in the TrueDepth camera.
SoftBank, Sprint Majority Owner, to Split In Two
Mar 7, 2016
SoftBank today revealed a plan to separate itself into two separate companies, one for its Japan-based carrier business and another for its international operations, including Sprint. SoftBank's domestic business unit, which includes investments in Yahoo Japan, will be run by Ken Miyauchi.
Eventually, Sprint Will Buyout.
wimax is dead!! that is why!
LTE is the future!
So does this mean I'll have to wait longer to see 4g in rural Missoura?