backtop


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



Comments     Threshold


This article is over a month old, voting and posting comments is disabled

RE: Not quite...
By DanNeely on 12/17/2012 10:29:41 AM , Rating: 3
Splashing out to expand the footprint of their directly owned towers is something I wouldn't be surprised if Sprint decides to do. Given Sprint's current relatively weak position vs ATT/VZW, I doubt that taking over clearwire will be the end of Softbank's throwing it's money into the company to try and improve it's position.

Expanding the footprint of their network would really help the MVNO partners that are a relatively large fraction of Sprint's aggregate customer base and improve their standing in the national comparison maps the big two use to claim their superiority. Currently VZW isn't letting Sprint's MVNO's roam onto their 3g network; and I wouldn't hold my breath on them letting anyone else onto their LTE network for at least the next few years.


RE: Not quite...
By Shig on 12/17/2012 2:59:11 PM , Rating: 2
You have to do your research with sprint and really know how much you'll be traveling around the country. Sprint is quite good in Chicago, but absolutely terrible in other big cities. Not only that but you have to research where in certain cities there is good coverage.

I'll still take unlimited data over data caps though. Absolutely no point with being on a super fast network and being capped to the bone.


RE: Not quite...
By DanNeely on 12/17/2012 3:28:33 PM , Rating: 2
I have done my research and where I live Sprint's coverage is ~50% roaming onto VZW's network (by area covered). As a result my voice/3g coverage wouldn't be significantly affected by going to Sprint but unless they expand their footprint my LTE would probably be patchy until/unless VZW started allowing roaming access to it.

Sprint's unlimited data really doesn't matter to me; what I'd be more interested in would be going to one of their MVNO's that offer significantly cheaper plans for light users (probably Ting); but since VZW isn't currently letting any Sprint MVNO's roam onto their data network I'd frequently just have an over sized voice only phone when away from home.


"This is about the Internet.  Everything on the Internet is encrypted. This is not a BlackBerry-only issue. If they can't deal with the Internet, they should shut it off." -- RIM co-CEO Michael Lazaridis

Related Articles













botimage
Copyright 2014 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki