 LinklistPremium
join:2002-03-03
Longport, NJ
kudos:5
1 edit | Sprint needs Clearwire to maintain Wimax network The real question is what will be the cheapest way for Sprint to keep access to Clearwire's Wimax network. Today they have a big financial stake in Clearwire plus they also pay for use of their network. Clearwire claims Sprint isn't paying its bill ontime for that access. Clearwire is broke and wants investors to kick in more money. Will they? It may be cheaper for the major investors to let Clearwire go bankrupt and then get a deal on the assets in bankruptcy court by stiffing those Clearwire owes money to.
EDIT: Sprint nixed a $760 million investment in Clearwire late this morning. »Sprint tells Clearwire no go on further investment |
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LinklistPremium
join:2002-03-03
Longport, NJ
kudos:5 | Sprint tells Clearwire no go on further investment Sprint has declined to invest an additional $760 million in Clearwire as they had the option to do and that Clearwire really needs to continue expanding their network. Game On. What will Clearwire do to salvage their company?
»technology.canoe.ca/2011/01/03/16740911.html
Sprint Nextel let a Jan. 2 deadline pass without exercising its right to buy $760 million US of Clearwire Corp convertible debt, ruling out that source of funding for Clearwire.
Sprint, which owns about 54% of Clearwire, confirmed Monday that it had opted to not exercise the right but Sprint spokeswoman Cristi Allen declined further comment.
Clearwire has said that other options for new funding could come from the sale of up to $2 billion of wireless spectrum or from an equity investment from a company such as Sprint or T-Mobile USA, a unit of Deutsche Telekom. |
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 kapilThe Kapil
join:2000-04-26
Chicago, IL | With Comcast busy with the NBC merger, Google having had a change of heart and cozying up with Verizon and Time Warner having its own cash issues, Clear may be hosed.
Of all the Clearwire investors, Sprint needs the network to stay lit the most for obvious reasons.
Maybe Sprint's decision to pass on the additional investment is just them trying to force Clearwire into bankruptcy....then Sprint can swoop in with some Debtor-In-Possession type financing and eventually buy out the network for pennies on the dollar. This way they get a WiMax network and spectrum for a fraction of the original cost....and they can spend their own cash to continue the buildout of a 4G network.
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»www.VoIPTrunk.com |
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LinklistPremium
join:2002-03-03
Longport, NJ
kudos:5 | said by kapil:Maybe Sprint's decision to pass on the additional investment is just them trying to force Clearwire into bankruptcy....then Sprint can swoop in with some Debtor-In-Possession type financing and eventually buy out the network for pennies on the dollar. This way they get a WiMax network and spectrum for a fraction of the original cost....and they can spend their own cash to continue the buildout of a 4G network.
That is what I think will happen as well. |
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 mix
join:2002-03-19
Utica, MI | Wasn't part of the formation of Clearwire that Sprint gave Clearwire a ton of their 2.5 Ghz spectrum? Now Sprint will have to buy that spectrum back? |
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| No, Clearwire is talking about selling it to someone else. |
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MRCUR
join:2007-03-09
Columbia, PA | reply to mix
Clearwire combined its own spectrum with Sprint's Xohm spectrum. |
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Re: Sprint needs Clearwire to maintain Wimax network You want to know how great Clearwire is? It took me two minutes to load this page, and all the pictures are still showing up as icons.
Go Clearwire!!! |
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