& cplSiteName &

Sprint in Talks to Take Over Clearwire?

Dan Jones
LR Mobile Rumors
Dan Jones, Mobile Editor

Sprint Corp. (NYSE: S) is reportedly in talks to buy up the 49 percent of Clearwire LLC (Nasdaq: CLWR) it doesn't already own to secure its WiMax partner's spectrum for future 4G use.

CNBC cited unnamed sources Tuesday saying that a deal could be announced before the end of the year. CNBC reported that Sprint has been in recent talks with other Clearwire investors -- including Intel Corp. (Nasdaq: INTC) and Comcast Corp. (Nasdaq: CMCSA, CMCSK) -- to buy their shares of the company at about $3 each. (See Comcast Gets Closer to a Clearwire Sell-Off and TW Cable to Dump Clearwire Stake.)

Thomson Reuters , meanwhile, quotes sources as saying talks are unde rway but that Sprint is in no hurry to get the deal done. There is concern that consolidation between the two companies could affect Sprint's proposed deal with SoftBank Mobile Corp.

Sprint only bought back a controlling stake in Clearwire this October. The companies had been at loggerheads over funding and management not much before that.

A new deal will give Sprint full control over Clearwire's vast 2.5GHz-2.6GHz spectrum holdings in the U.S. SoftBank uses 2.6GHz for its LTE TDD network in Japan, and Clearwire has been testing similar 4G technology stateside, so any talks suggest that the eventual aim of the companies to introduce a faster 4G network for video and data in the U.S. (See Defining 4G: What the Heck Is LTE TDD?)

For more

— Dan Jones, Site Editor, Light Reading Mobile

(0)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
Featured Video
From The Founder
Light Reading founder Steve Saunders recently visited the University of North Carolina Charlotte (UNCC) where Cisco's Tetration application is providing data center analytics, simplifying SDN, helping with cloud migration and overseeing white-list security policy.
Flash Poll
Upcoming Live Events
March 20-22, 2018, Denver Marriott Tech Center
March 22, 2018, Denver, Colorado | Denver Marriott Tech Center
March 28, 2018, Kansas City Convention Center
April 4, 2018, The Westin Dallas Downtown, Dallas
April 9, 2018, Las Vegas Convention Center
May 14-16, 2018, Austin Convention Center
May 14, 2018, Brazos Hall, Austin, Texas
September 24-26, 2018, Westin Westminster, Denver
October 9, 2018, The Westin Times Square, New York
October 23, 2018, Georgia World Congress Centre, Atlanta, GA
November 7-8, 2018, London, United Kingdom
November 8, 2018, The Montcalm by Marble Arch, London
November 15, 2018, The Westin Times Square, New York
December 4-6, 2018, Lisbon, Portugal
All Upcoming Live Events
Hot Topics
AT&T Likens DoJ Suit to Shaved Persian Cat
Mari Silbey, Senior Editor, Cable/Video, 3/12/2018
Trump Blocks Broadcom's Qualcomm Acquisition
Dan Jones, Mobile Editor, 3/12/2018
John Deere Bets the Farm on AI, IoT
Scott Ferguson, Editor, Enterprise Cloud, 3/12/2018
Rumor Mill: SoftBank Still Eyeing Charter
Mari Silbey, Senior Editor, Cable/Video, 3/12/2018
Animals with Phones
Live Digital Audio

A CSP's digital transformation involves so much more than technology. Crucial – and often most challenging – is the cultural transformation that goes along with it. As Sigma's Chief Technology Officer, Catherine Michel has extensive experience with technology as she leads the company's entire product portfolio and strategy. But she's also no stranger to merging technology and culture, having taken a company — Tribold — from inception to acquisition (by Sigma in 2013), and she continues to advise service providers on how to drive their own transformations. This impressive female leader and vocal advocate for other women in the industry will join Women in Comms for a live radio show to discuss all things digital transformation, including the cultural transformation that goes along with it.

Like Us on Facebook
Twitter Feed