Masayoshi Son Would Consider Selling Sprint Spectrum
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Feb 6, 2015, 11:08 AM by Eric M. Zeman
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. The value of that spectrum has increased tremendously over the last year and is worth more than Sprint itself. The company has received offers for the airwaves. "Sprint has a lot of spectrum compared to other companies," said Son. "In 2.5GHz, it has the biggest bandwidth in the world. Suddenly, what was undervalued in people's view has become very precious." There are no immediate deals in the works, however, and Sprint CEO Marcelo Claure said Sprint's interests come first. "We are open minded to business arrangements that could generate long-term shareholder value," said Claure. "But, first and foremost, spectrum is to be used for Sprint, and then we will look at extra spectrum to see if there's any interest." Sprint is currently deploying LTE on its 2.5GHz spectrum. Analysts cited by Bloomberg believe Sprint is burning through cash too quickly and may be forced to sell the spectrum eventually.
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This spectrum is garbage