Clearwire

Sprint in talks to take control of Clearwire without an acquisition

Sprint Nextel may soon gain control of wireless broadband provider Clearwire without an acquisition, clearing up a stumbling block to Softbank's $20 billion acquisition of Sprint.

Sprint is Clearwire's largest customer and its largest shareholder with an 84 percent stake, but the No. 3 U.S. wireless carrier doesn't have control of Clearwire's board. To take control of the company, the No. 3 U.S. wireless carrier is negotiating agreements with other investors that will allow it to appoint a majority of directors to Clearwire's board without a making a formal acquisition, people familiar with … Read more

Sprint in no rush to buy Clearwire, report says

Don't hold your breath for a deal between Sprint Nextel and Clearwire.

With Sprint getting taken over by Japanese wireless carrier SoftBank, many believed Sprint would take full ownership of Clearwire, which provides 4G services to carriers and consumers in select markets. In addition to being Clearwire's largest customer, Sprint is the largest shareholder too, although it doesn't have control of the board.

Leading up to the announcement of the Sprint-SoftBank deal, there were various reports that Clearwire was a sticking point in the merger talks, and that SoftBank wanted Clearwire scooped up. But yesterday's deal … Read more

What SoftBank's takeover of Sprint means for you (FAQ)

Japanese wireless provider SoftBank made a huge bet on the U.S. market after it agreed to take control of Sprint Nextel for $20.1 billion.

After days of speculation and reports, the two companies confirmed the deal this morning. SoftBank gets a large foothold in the U.S. market, which it believes still has the opportunity for growth. Sprint, meanwhile, gets a new lease on life and more support as it continues its turnaround.

But what does this mean for the average customer? Will the deal have any affect on Sprint's day-to-day service? CNET has put together this … Read more

Sprint savior? Japan's Softbank could bring badly needed boost

Softbank may be the shot in the arm that Sprint Nextel needs to finally be competitive with the big boys in the U.S.

Sprint and Softbank confirmed early Monday that they had agreed to a deal in which Softbank would spent $20.1 billion to take a 70 percent stake in the company. Softbank will pay shareholders $12.1 billion and invest $8 billion in the business.

But the deal underscores an increasingly evident reality for Sprint: that the growing pressures of the wireless industry are too much for the company to handle alone. It already must deal with … Read more

Softbank-Sprint: U.S. wireless consolidation or just a land grab?

It's not exactly clear what's behind Softbank's tentative proposal to acquire control of Sprint. But that hasn't stopped lots of folks from trying to make sense of a cross-Pacific deal that hasn't even been formally struck yet.

At least the outline of a possible transaction is coming into focus. According to The Wall Street Journal, Softbank -- which zoomed to success in the Japanese market thanks to a years-long exclusive on the iPhone -- would pony up as much as $12.8 billion to acquire a roughly 70 percent stake in Sprint Nextel. That payment … Read more

Remember EarthLink? ISP signs 4G deal with Clearwire

EarthLink can now offer its Internet customers a high-speed connection through Clearwire's 4G broadband network, the companies announced today.

The agreement allows EarthLink customers to access the service through Clearwire, which runs its own 4G WiMax network. The deal also opens the door to Clearwire's planned 4G LTE network, the companies said in a statement.

EarthLink was a major player in the late 1990s as one of the largest Internet service providers supplying dial-up Web access. But as consumers moved to broadband services largely provided by the big telcos and cable companies, the company saw its user base … Read more

Sprint loses $1.37B, sells 1.5M iPhones in Q2

Sprint Nextel saw its second-quarter loss widen because of ongoing costs related to the shutdown of its Nextel network, its Network Vision upgrade project, and its investment in Clearwire.

The Overland Park, Kansas, wireless carrier posted a loss of $1.37 billion, or 46 cents a share, on revenue of $8.84 billion. A year ago, it reported a loss of $863 million, or 29 cents a share, on revenue of $8.31 billion.

One-time costs include 26 cents a share for Network Vision, 6 cents a share related to the shutdown of Nextel towers, and 7 cents a share … Read more

Sprint runs through shutdown of Nextel iDEN network

NEW ORLEANS--Sprint Nextel is preparing to bid adieu to the Nextel side of the business.

Sprint executives today ran through its Network Vision upgrade plan, which includes the decommissioning of its Nextel iDEN network. The company has already shut down 1,900 cellular sites and plans to turn off 9,600 sites by the end of the third quarter, Bob Azzi, senior vice president for networks at the company, said here today. The entire network will go dark by the middle of the second half of next year, he added.

By shutting down its Nextel network, Sprint can reuse the … Read more

Want a global LTE phone? Clearwire may have the answer

NEW ORLEANS--Clearwire, often seen in the industry as the odd duck of the wireless providers, may actually be on the unlikely path to offering a globally compatible device.

At least that's what CEO Erik Prusch believes. With major carriers in China, India, and Europe supporting the same spectrum band and variant of LTE, it's possible that a phone running on Clearwire can hop on to international networks with little fuss.

The advent of LTE was supposed to bring a universal standard to carriers. But the wide variety of technology standards and different spectrums has left the carriers as … Read more