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Sprint Skips Clearwire Investment Opportunity

Article Comments  17  

Jan 3, 2011, 11:53 AM   by Eric M. Zeman   @phonescooper

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.

more info at BusinessWeek / Bloomberg »



This forum is closed.

This forum is closed.


Jan 3, 2011, 12:22 PM

Eventually, Sprint Will Buyout.

I have been told that Sprint tried to purchase Clearwire for $5 a share and Clearwire dismissed the offer. Then Craig Mcgaw takes a walk. Once Clearwire drops in market value, I suspect talks will resume again.
The issues is not they want to purchase or not, it is Sprint has the capital to purchase it because they are getting whole a lot of customer but at the same time they are losing money... Don't you got too confuse what is it going on???

Jan 3, 2011, 12:55 PM

wimax is dead!! that is why!

everybody.. err the whole world is using LTE !
LTE is the future!
Who are you trying to convince?
Good thing Wimax is backwards compatable with LTE 😛

Jan 3, 2011, 12:33 PM

So does this mean I'll have to wait longer to see 4g in rural Missoura?

Because I am paying the $10 4g premium. 🙄
I doubt you'll ever see wimax in rural missoura. Wimax will have it's efficiency drop really fast once the population density does.
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