Clearwire Finally Gets a New CEO
Clearwire today announced that it has promoted current Chief Operating Officer Erik Prusch to the President and Chief Executive Officer position. John Stanton, who has served as the company's Chairman and interim CEO during the search for a new leader, will become Executive Chairman of the Board of Directors. The promotion goes into effect starting today. Clearwire recently announced a major shift in plans, stating that it will launch a Long Term Evolution 4G network alongside its WiMax 4G network. The move will only be possible if Clearwire can raise massive amounts of cash. Prusch is charged with finding the necessary capital.
T-Mobile and Sprint Agree to Merge and Unite Under T-Mobile Brand and Leadership
T-Mobile and Sprint today announced plans to merge in an all-stock deal that will create a "New T-Mobile" worth $146 billion. The new company's combined radio spectrum assets will allow it to accelerate deployment of 5G technology.
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.
Verizon CEO McAdam to Retire, Will Be Replaced by Vestberg
Verizon Communications today said long-serving Lowell McAdam will vacate his position as CEO on August 1. He will remain with the company as Executive Chairman of the Board through the end of the year, and then transition to a Non-executive Chairman role in 2019.
Sprint Names Michel Combes As President and CFO
Sprint today appointed seasoned telecom executive Michel Combes as President and Chief Financial Officer. Combes replaces Tarek Robbiati, who will transition away from Sprint at the end of the month.