Print 12 comment(s) - last by DanNeely.. on Dec 17 at 3:28 PM

Sprint CEO Dan Hesse
Sprint buys Clearwire spectrum

Rumors were circulating late last week that Sprint and Clearwire were close to a deal that would see wireless carrier Sprint acquire all Clearwire shares that it didn't already own. Sprint has announced today that it has entered into an agreement that would see it acquire 100% ownership at $2.97 per share.

Sprint says that it is uniquely positioned to leverage Clearwire's 2.5 GHz spectrum assets. Sprint also believes that the purchase will strengthen its position and increase its competitiveness in the wireless industry within the U.S.
With all outstanding shares Sprint is purchasing, the deal values Clearwire at $2.2 billion. The transaction gives Clearwire a total enterprise value of about $10 billion including its net debt and spectrum lease obligations of $5.5 billion.

Sprint CEO Dan Hesse championed the move, stating, “Sprint is uniquely positioned to maximize the value of Clearwire’s spectrum and efficiently deploy it to increase Sprint’s network capacity. We believe this transaction, particularly when leveraged with our SoftBank relationship, is further validation of our strategy and allows Sprint to control its network destiny.” 

Source: Sprint

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lost cause?
By docinct on 12/17/2012 10:23:42 AM , Rating: 2
While Sprint may have the best pricing of the big 3, it's 4G LTE coverage is almost non-existent (they don't even have coverage in NYC!)
They are desperate to add new customers (Samsung S3 for .01) but until recently had no decent discounts for existing customers.
Waterbury,CT barely has WIMAX coverage. Why upgrade a phone to 4G when coverage is probably years away?
Maybe the sell to the Japanese will help matters.

RE: lost cause?
By euclidean on 12/17/2012 10:37:14 AM , Rating: 2
It would be considered a lost of cause if they did not have a plan for the future. They do though, and with their pricing where it's at, I'm willing to wait one more year to see how it plays out :)

I do feel the pain though on the 4G coverage - I live in Kalamazoo, MI - no WiMaxx or 4G LTE either (except around the campus of our local university...) ATM.

RE: lost cause?
By AmbroseAthan on 12/17/2012 11:00:25 AM , Rating: 2
They are rolling out coverage pretty quick even though they are not announcing it. The below link outlines where coverage does exist pretty accurately. I have tested my Note II in midtown on the LTE and it was glorious; had it on the train through the Bronx also as the map points out.

Admittedly, I hope they cover more of Manhattan sooner!

RE: lost cause?
By Ghost42 on 12/17/2012 11:54:54 AM , Rating: 2
Their coverage is horrible where I am, its to the point where they gave me one of their Airave Access Points so that I'd have consistent coverage in my own home. I'm located 1 mile east of one of their stores as well, which has almost no 3g coverage it's self let alone 4G/LTE.

"We basically took a look at this situation and said, this is bullshit." -- Newegg Chief Legal Officer Lee Cheng's take on patent troll Soverain
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