Clearwire Hopes to Assuage Financial Woes in New Sprint Deal
Clearwire, the financially troubled provider of WiMax, is seeking ways to raise capital and straighten out its finances. One tactic that Clearwire believes will help is to resolve an on-going dispute it has with wholesale partner Sprint. Clearwire said that if it can come to an agreement with Sprint about the wholesale network access rates it charges to Sprint, then its revenues would raise substantially. With that issue fixed, Clearwire will be in a better position to score additional funding from outside investors. Sprint owns 54% of Clearwire, and is its biggest customer.
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.
Nonprofits Convince Judge to Delay Sprint's WiMAX Shutdown
Mobile Citizens, a not-for-profit organization that provides free and low-cost internet service to schools, has won an injunction preventing Sprint from shutting down its WiMax network. Sprint had planned to cease operating WiMax on Nov.
Sprint Shuffles Execs, Names New CFO
Sprint today made changes to its top executives and named a new chief financial officer. Sprint appointed Tarek Robbiati to the CFO position, where he replaces Joseph Euteneuer, who will leave the company.
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.
Sprint to Skip 600MHz Incentive Auction
Sprint today said it will not participate in the 600MHz reverse auction planned for next year. The company believes its spectrum position is "sufficient to provide its current and future customers great network coverage." Sprint owns significant amounts of spectrum, but much of it is concentrated in the 2.5GHz range.
Simple minds at work
I'll throw a parade, but since i don't have any friends, only cats, it will add a special twist. i can ...
...and that's the rub.