Sprint Completes Their Acquisition of Clearwire Now Officially Owns 100% of the Wireless Company With investors placated, regulatory approval in the bag and Dish shoved aside, Sprint today announced that they've completed a deal that will now give them 100% ownership of Clearwire -- and Clearwire's highly valued spectrum. According to a Sprint statement, Clearwire shareholders approved the transaction at a special meeting of stockholders held yesterday, and the deal became official as of today, with Clearwire stock no longer being traded. As expected, Sprint will use the 2.6GHz spectrum acquired in the deal to improve and expand Sprint's LTE offerings, which haven't performed particularly well in a suite of recent speed surveys.
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 jtel
join:2005-06-28
Bristol, RI | Clearwire Will Soon Disappear It'll just be part of Sprint rather than a separate company soon. | |
|  | b10010011Whats a Posting tag?
join:2004-09-07
Bellingham, WA Reviews:
 ·Comcast Formerl..
| Re: Clearwire Will Soon Disappear That's okay since other providers using Cleawire's network like Virgin, Freedom Pop, and Karma, offer better data pricing than Clearwire it's self.
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Bellingham Scanner Kicks Ass! »bhamscanner.kicks-ass.org/ | |
| | | | | Re: Clearwire Will Soon Disappear I don't know how market cap works on mergers but Sprint has about $21B market cap and Clear had about $3.5B market cap, wouldn't Sprint's new market cap be something higher? Sprint's market cap isn't showing a change. | |
| | |  dib22
join:2002-01-27
Kansas City, MO | said by b10010011:That's okay since other providers using Cleawire's network like Virgin, Freedom Pop, and Karma, offer better data pricing than Clearwire it's self.
virgin is wholly owned by sprint in the usa... they shouldn't be in your list  | |
| | | | b10010011Whats a Posting tag?
join:2004-09-07
Bellingham, WA Reviews:
·Comcast Formerl..
| Re: Clearwire Will Soon Disappear said by dib22:said by b10010011:That's okay since other providers using Cleawire's network like Virgin, Freedom Pop, and Karma, offer better data pricing than Clearwire it's self.
virgin is wholly owned by sprint in the usa... they shouldn't be in your list Sure they should as Virgin offered unlimited 4g(where Clearwire WiMax is available) for $35 a month before the buyout.
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Bellingham Scanner Kicks Ass! »bhamscanner.kicks-ass.org/ | |
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| | | Yep, their ticker is already gone from the stock exchange. | |
| |  GlobalMindDomino Dude, POWER Systems GuyPremium
join:2001-10-29
Hollywood, FL | said by jtel:It'll just be part of Sprint rather than a separate company soon.
No surprise, that's exactly what IS happening. Note in the OP the stock is no longer being traded.
Kindof a big "DUH" on that, sorry. | |
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| | 3..2..1.. less competition, higher rates for all, yay! | |
| | nonymousPremium
join:2003-09-08
Glendale, AZ | Re: 3..2..1.. Stronger competetion not weaker. | |
| | | | I'm not sure how applicable that is in this situation since Clearwire really didn't compete against Sprint anyway. | |
| | | | | Re: 3..2..1.. Yeah, Sprint already owned 51% of Clear and Sprint was their primary customer (for WiMAX phones) so that would not really change competition.
Now Sprint will be able to use 2500 spectrum for LTE as needed and not have to fight with a separate entity/board on priorities. They will be able to compete better with ATT/VZW, especially on capacity. | |
| | | nonymousPremium
join:2003-09-08
Glendale, AZ | Stronger competition against ATT and Verizon.
Plus Clearwire may actually do something and expand under Sprint/ Softbank.
Now Sprints newest leaked plans say unlimited data for life of plan. Wonder if that means they are keeping options open for later to cap data at some point. Or just to let customers know data will be unlimited for life if they keep the plan.
I wonder when Son and or New Sprint release some more info on what the New Sprint is actually going to do to compete with Verizon. At this point all anything is speculation. | |
| | | | | | Re: 3..2..1.. said by nonymous:Stronger competition against ATT and Verizon.
Yes, exactly. My previous comment was meant in response to tmc8080, but for whatever reason it took a while to get approved and posted. | |
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| cramerPremium
join:2007-04-10
Raleigh, NC
kudos:7 | In what universe was Clearwire anyone's "competition"? Clear has been a horrible joke from day one. They are the second to last choice before dialup (just ahead of satellite internet), and as they only have service where there are (usually, many) other options, there's no reason to ever go with Clear. | |
| | | nonymousPremium
join:2003-09-08
Glendale, AZ | Re: 3..2..1.. Have to see what the new sprint will do with Clearwire. | |
| | | | | | Re: 3..2..1.. said by nonymous:Have to see what the new sprint will do with Clearwire.
Would guess they initially use 2500LTE only where capacity is needed. 800/1900 will buy them coverage and depth with some capacity for near term. 2500 will fill in heavy use areas as needed, maybe not a national rollout of 2500, at least not at first.
Sprint has half the users of ATT/VZW so doesn't need widespread 2500 yet. | |
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GlobalMindDomino Dude, POWER Systems GuyPremium
join:2001-10-29
Hollywood, FL | Proof in the execution When I can get LTE it's pretty good actually at least here in South Florida.
But otherwise, Sprint's in the tank on 3G. It stinks on ice.
Calls themselves are fine, but if you need 3G data at least on the phone it's generally pretty sketchy, and often for no good reason, i.e. one minute it works and the next it's terrible.
So if the Clearwire thing helps fix that then great, give me more LTE so I don't need 3G at all.
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TheGlobalMind.com / Speed costs money. How fast do you want to go? / Trust the instinct to the end, though you can render no reason. - Ralph Waldo Emerson / Free market capitalism is the best path to prosperity. | |
|  w0go.O
join:2001-08-30
Springfield, OR | this is money in the bag for sprint but only if they use their spectrum and get device manufactures on board. with 120MHz of 2.5GHz spectrum, they should have if fully deployed, multiple Gigabits of bandwidth available (in a 8x8MIMO/channel bonding environment). It could top 2-4Gbits in each direction PER tower/area. But will they ever stop fucking around and deploy such a beast?
if they DID deploy it.. and offered the bandwidth for cheap, like less than $20/device or $.20 per Gigabyte, we would see this used in more devices, including cars, video game devices, etc as a replacement for WiFi. for internet/video/audio/radio/IP voice traffic, and more. you would have Pandora and YouTube everywhere you went, in HD or better. your house could be connected with this and have faster Internet than cable offers. everything would be peachy, and awesome.
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www.oregonstatehospital.net - CIA and state of Oregon set me up and targeted me with a microwave weapon, learn more. | |
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