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Report: Clearwire gets more cash from investors

Clearwire investors are pumping in another $1.5 billion into the venture to help pay for the company's nationwide 4G wireless network, according to The Wall Street Journal.

The article cites two unnamed sources "familiar with the matter," who said that Sprint Nextel, Comcast, Intel, Time Warner Cable, and Bright House Networks have all agreed to contribute an additional $500 million to the cause. Google, which had initially invested with these other companies, is not participating in this funding round, the article said.

Sprint and these other partners invested about $3.2 billion in Clearwire about 18 months agoRead more

Sprint goes basic with the Sanyo SCP-3810

In case you're tired of all the smartphone news lately, here's an entry-level phone from Sprint that won't cost you anything at all. The Sanyo SCP-3810 is a basic camera phone with a 1.3-megapixel camera, a "hidden" external LCD, GPS, Bluetooth 2.0, mobile e-mail, and threaded text messaging. And yes, the SCP-3810 is free after rebates and a new two-year service agreement. The SCP-3810 is available now in both Black Onyx and Regal Red.

(Via PhoneScoop)

Sprint losses and customer defections continue

Updated 8:32 a.m. PDT with information from the conference call.

Sprint Nextel is still losing customers, the company said Thursday as it reported a third-quarter loss.

Sprint's losses widened to $478 million, or 17 cents a share, during the quarter that ended September 30, from a loss of $326 million, or 11 cents a share, a year earlier. Revenue fell nearly 9 percent to $8.04 billion.

Results were slightly worse than analysts had expected. Analysts had been looking for Sprint to report a loss of 15 cents per share on revenue of $8.09 billion.

Sprint … Read more

Sprint to acquire iPCS to end lawsuit

Sprint Nextel has settled its legal dispute with its wireless affiliate iPCS by striking a deal to acquire the company in a transaction valued at around $831 million.

Sprint announced Monday that it plans to buy iPCS for $24 a share, a 34 percent premium to its Friday closing price of $17.88, which means the company will be spending about $426 million in cash. Sprint also agreed to assume $405 million of debt, bringing the total price tag to $831 million.

The deal is expected to close in late 2009 or early 2010. And once it is completed, the … Read more

Motorola Debut now on Sprint Nextel

Motorola first debuted the, uh, Debut i856 for Boost Mobile early last month, and now it has brought the handset to Sprint Nextel as well.

Touted as the first slider phone to feature Nextel's push-to-talk technology, the Debut also has multimedia features like a 1.3-megapixel camera and a music player. You can also switch from a push-to-talk call to a regular voice call. Aside from the carrier difference, the Nextel Debut is the same as the one for Boost.

Since the Nextel version is subsidized, it will be available for $99.99 with a two-year service agreement and … Read more

Analysts refute latest Verizon-Palm Pre rumor

Will it or won't it? That's the question that Palm Pre fans are asking. They want to know if the Palm's touch-screen phone will be offered by Verizon Wireless early next year.

TheStreet.com reported late Thursday that sources close to the companies said Verizon was considering not offering the phone on its network, as had been expected. But now analysts are saying the rumors are likely bogus.

"Our checks continue to point to healthy carrier demand for the Pre early in calendar 2010," Deutsche Bank's Jonathan Goldberg said in a research note published … Read more

Report: No Palm Pre for Verizon Wireless

The Palm Pre may not be coming to Verizon Wireless after all.

According to a report from TheStreet.com, Verizon Wireless execs are reconsidering whether to begin offering Palm's touch screen smartphone in January as many have anticipated.

The Pre was announced at CES in January amid much fanfare. And after months of anticipation, Palm launched the device in June exclusively on Sprint Nextel's network. Shortly before the device was launched on Sprint's network, Verizon Wireless CEO Lowell McAdam said it would offer the Pre on the Verizon Wireless network within six months.

Sprint's CEO Dan Hesse said the device was exclusive to Sprint through 2009, which left many market watchers expecting a Verizon version to land sometime in January 2010. Hopes for a Verizon version of the Pre were bolstered recently when Palm's new CEO Jon Rubinstein said he expects the device to be offered on other networks very soon.

But now it looks like Verizon is having a change of heart. The Street.com said its sources have cited several reasons why Verizon execs may be getting cold feet. For one, the Palm Pre has had modest sales compared to sales of competing devices such as Apple's iPhone or Research In Motion's BlackBerry devices. According to story, Sprint has not sold more than a million Pre phones so far, which has spooked the Verizon execs.

Another issue is that Verizon supposedly wants its VCast application and download store to be featured on the phone. But this will compete directly with Palm's own app store.… Read more

Report: Deutsche Telekom looks for 4G partners in U.S.

German phone giant Deutsche Telekom is looking to jump into the 4G wireless market in the U.S. through partnerships with U.S.-based service providers, according to a report by Bloomberg News.

Bloomberg reported Tuesday that Deutsche Telekom is looking to beef up its presence in the U.S. wireless market by investing in Clearwire, a company that is building a 4G wireless network using a technology called WiMax. Sources also told Bloomberg that Deutsche Telekom is also talking to Metro PCS, which recently acquired spectrum to build its 4G wireless network.

Deutsche Telekom already owns T-Mobile USA, the … Read more

Report: Deutsche Telekom may bid for Sprint

Deutsche Telekom could be weighing a multibillion dollar bid to buy Sprint Nextel within the next few weeks, said London's Daily Telegraph on Sunday. The German telecommunications giant has called on financial advisor Deutsche Bank to study a proposed deal.

As the parent of struggling T-Mobile, DT might see a takeover of Sprint as a way to revive its listless U.K. and U.S. operations. DT chief executive officer Rene Obermann has been unhappy with the performance of T-Mobile, blaming it for the parent's first-quarter loss of 1.1 billion euros ($1.46 billion) earlier this year.… Read more

Sprint offers unlimited calling to any cell phone

Sprint Nextel launched a new service plan Thursday that let's subscribers make unlimited calls to any U.S. cell phone without using up voice minutes.

For just $69.99 a month, the new Any Mobile, Anytime plan allows subscribers to call any cell phone in the U.S., regardless of the carrier. The plan also comes with Sprint's Everything Data plan, which includes unlimited text messaging and data services. Subscribers also get 450 voice minutes for calls to landlines. Subscribers already signed up for the Everything data plan will automatically be upgraded to the new Anytime Mobile plan. … Read more