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.
Sprint's WiMax Shutdown May Halt Service for Charities
Sprint plans to deactivate its WiMax network on Nov. 6, but some charities say the change will eliminate internet service for some 300,000 Americans altogether.
SoftBank, Sprint Majority Owner, to Split In Two
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.
Sprint Raising More Capital for Network Expansion
Sprint is looking to raise more cash for covering a variety of expenses. To that end, the company today kicked off a sale of $1 billion in senior notes.
Claure-Appointed Exec to Depart Sprint
Bob Johnson, Sprint's Chief Experience Officer, will leave the company by the end of April. Johnson was in an early batch of new hires made by CEO Marcelo Claure shortly after he took over the struggling carrier in 2014.
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?