Home  ›  News  ›

Sprint Skips Clearwire Investment Opportunity

Article Comments  17  

Jan 3, 2011, 11:53 AM   by Eric M. Zeman

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.

BusinessWeek / Bloomberg »

Advertisements

Comments

This forum is closed.

This forum is closed.

Slammer

Jan 3, 2011, 12:22 PM

Eventually, Sprint Will Buyout.

I have been told that Sprint tried to purchase Clearwire for $5 a share and Clearwire dismissed the offer. Then Craig Mcgaw takes a walk. Once Clearwire drops in market value, I suspect talks will resume again.
The issues is not they want to purchase or not, it is Sprint has the capital to purchase it because they are getting whole a lot of customer but at the same time they are losing money... Don't you got too confuse what is it going on???
...
netboy

Jan 3, 2011, 12:55 PM

wimax is dead!! that is why!

everybody.. err the whole world is using LTE !
LTE is the future!
Who are you trying to convince?
Good thing Wimax is backwards compatable with LTE πŸ˜›
...
phatmanxxl

Jan 3, 2011, 12:33 PM

So does this mean I'll have to wait longer to see 4g in rural Missoura?

Because I am paying the $10 4g premium. πŸ™„
I doubt you'll ever see wimax in rural missoura. Wimax will have it's efficiency drop really fast once the population density does.
...
 
 
Page  1  of 1

Subscribe to news & reviews with RSS Follow @phonescoop on Twitter Phone Scoop on Facebook Subscribe to Phone Scoop on YouTube Follow on Instagram

 

All content Copyright 2001-2022 Phone Factor, LLC. All Rights Reserved.
Content on this site may not be copied or republished without formal permission.