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  1. Thread Author  Thread Author    #1  
    ExtctnLvlEvnt's Avatar

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    Default Sprint confirms it's buying the rest of Clearwire for $2.2 billion

    Sprint has just announced that it has entered into a "definitive agreement" to buy the 50 percent stake of Clearwire it doesn't already own. The transaction, worth $2.2 billion, is $100 million higher than the original offer House Hesse had made, once rumors of the deal had pushed Clearwire's share price up. While the deal is contingent upon the legal nuts-and-bolts of the Sprint-Softbank merger going through, the Japanese company has already given its blessing to the deal.
    Big Yellow has also garnered support from Clearwire's big-ticket minority shareholders, including Comcast, Intel and BrightHouse Networks. As part of the deal, Sprint will take on Clearwire's $5.5 billion in debt and licensing obligations, as well as coughing up a further $800 million in investment for the constantly-ailing network provider. If it meets regulatory approval, then the deal will complete in 2013, and never again will Dan Hesse have to have that dream nightmare about LightSquared.




    Sprint confirms it's buying the rest of Clearwire for $2.2 billion
  2. #2  

    Default Re: Sprint confirms it's buying the rest of Clearwire for $2.2 billion

    Nice

    Sent from my EVO LTE using Android Central Forums
  3. Thread Author  Thread Author    #3  
    ExtctnLvlEvnt's Avatar

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    Default Re: Sprint confirms it's buying the rest of Clearwire for $2.2 billion

    yes, possibly a quicker rollout for LTE, i used to work for clearwire, they were starting to roll out LTE when i was laid off
  4. #4  

    Default Re: Sprint confirms it's buying the rest of Clearwire for $2.2 billion

    Since they bought them out would that mean WiMax would still get some more roll outs even while LTE is still being worked on?
    Quote Originally Posted by ExtctnLvlEvnt View Post
    yes, possibly a quicker rollout for LTE, i used to work for clearwire, they were starting to roll out LTE when i was laid off

    Liked what I did or helped you out? A simple "thanks" would be great!
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  5. #5  

    Default Re: Sprint confirms it's buying the rest of Clearwire for $2.2 billion

    Quote Originally Posted by gotta have it android View Post
    Since they bought them out would that mean WiMax would still get some more roll outs even while LTE is still being worked on?
    Nope, they said no more roll out of wimax but they will keep it running along side lte until at least 2015. By then most people with wimax phones will be out of contract and new phones will have been released.

    Sent from the Beast that is Galaxy Note 2
  6. #6  

    Default Re: Sprint confirms it's buying the rest of Clearwire for $2.2 billion

    Dang... was hoping the tower that is being built near me will have Wimax so my parents stop complain about the Wimax... It better have freaking LTE though...
    Quote Originally Posted by yankeesusa View Post
    Nope, they said no more roll out of wimax but they will keep it running along side lte until at least 2015. By then most people with wimax phones will be out of contract and new phones will have been released.

    Sent from the Beast that is Galaxy Note 2

    Liked what I did or helped you out? A simple "thanks" would be great!
    If you want me to reply to you in a quick fashion hit the "reply with quote" or send me a message so it can be done
    Samsung Intercept(retired), HTC Hero(retired), Motorola Atrix 2(game phone"let's see what new ROM I can put on this today"), Samsung Galaxy S3(main phone), Asus Nexus 7(better than my parents iPad)
  7. #7  

    Default Re: Sprint confirms it's buying the rest of Clearwire for $2.2 billion

    That is good news, Clearwire is sitting on a ton of spectrum that Sprint needs. Although it wouldn't be useable to anyone who currently has an LTE enabled phone. Is it possible that Clearwire can repurpose that spectrum for LTE?

    But first and foremost the DoJ needs to give the thumbs up to the merger of Sprint and Softbank. Once that happens then the cash can start rolling in so Sprint can ramp up the Network Vision deployment.
  8. #8  

    Default Re: Sprint confirms it's buying the rest of Clearwire for $2.2 billion

    This thread is old news. It should be closed

    Sent from the Beast that is Galaxy Note 2

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