Sprint Looking to Acquire Clearwire
Dec 11, 2012, 2:01 PM by Eric M. Zeman
Sprint Nextel is seeking to purchase the remaining shares of Clearwire that it does not already own, reports the Wall Street Journal. Citing sources familiar with Sprint's plans, the Journal says Sprint believes the acquisition could help it resolve control issues regarding Clearwire, in which it holds a significant stake. Sprint also wants Clearwire's vast spectrum holdings to supplement its future network plans. Sprint's pending partial acquisition by Japan's Softbank may complicate its attempt to take ownership of Clearwire, however, and the talks may fall through. Earlier this year, AT&T warned the FCC that it should weigh carefully any transaction that gives Softbank control over so much U.S. spectrum.
Jul 26, 2019
The US Department of Justice has given its blessing to the proposed merger of T-Mobile and Sprint. Several conditions — including a comprehensive deal with Dish intended to create a small fourth national carrier — have satisfied the federal government's anti-trust concerns.
Sep 21, 2020
Popular Chinese-owned apps WeChat and TikTok narrowly avoided a US government ban on new downloads Sunday night. On Friday, President Trump directed the US Department of Commerce to issue a ban on US companies (including Apple and Google) facilitating downloads of — or updates to — the WeChat and TikTok apps specifically, citing national security concerns.
Jul 26, 2019
Dish Network will pay $5 billion to buy significant Sprint assets in an attempt to create a new national 5G wireless network, in a deal brokered by the US Department of Justice to win approval for T-Mobile merging with Sprint. The deal includes $3.6 billion for licenses to 14 MHz of nationwide 800 MHz spectrum.
Nov 4, 2021
AT&T and Verizon have agreed to an FAA request to delay the launch of 5G in new C-Band radio frequencies by one month, while potential interference issues are addressed, reports the Wall Street Journal. Both companies were planning to launch the highly-anticipated mid-band 5G service on or around December 5th, but will now launch the service no sooner than January 5th, 2022.
Jan 13, 2021
Qualcomm has reached an agreement to acquire Nuvia, a company with "industry-leading expertise in high performance processors, Systems on a Chip (SoC) and power management for compute-intensive devices and applications". Qualcomm says it will use Nuvia's talent and chip designs for the CPU cores of future Snapdragon chips powering flagship smartphones.
Would this be an acquisition or a repossession?
Just one poorly executed business deal with Clear one after another. Dan Hesse and Bob Johnson should of washed their hands of this debacle back in Q4 2008 when Clear used Sprint's and Sprint's stakeholder's capital to fund Clear's retail business model to compete directly with Sprint in the CGN/BGN broadband market.
Clear has bled Sprint dry and had delivered nothing other than bad debt, a botched network vision upgrade that has grossly failed to meet any of it's hard stop deadlines and is well over budget.
Isn't this like?