Sprint offers Clearwire $1.6 billion “lifeline”
NEW YORK (Reuters) – Sprint Nextel Corp, the No. 3 U.S. mobile provider, agreed to pay up to $1.6 billion to Clearwire Corp in the next four years, easing concerns about a liquidity crisis at Clearwire.
Shares in Clearwire, which investors had seen as a bankruptcy risk, rose 14 percent after the news. The deal includes a potential equity infusion and extends Sprint’s use of Clearwire’s network.
Clearwire soars as Sprint eases liquidity concerns
NEW YORK (Reuters) – Sprint Nextel Corp (S.N: Quote, Profile, Research, Stock Buzz), the No. 3 U.S. mobile provider, agreed to pay up to $1.6 billion to Clearwire Corp (CLWR.O: Quote, Profile, Research, Stock Buzz) in the next four years, including a network pact and a potential equity infusion, easing concerns about a liquidity crisis at Clearwire.
Clearwire, for which some investors had bankruptcy fears, saw its shares rise more than 20 percent in morning trade after it said on Thursday that it will be able to make a $237 million debt interest payment due December 1.
Clearwire seen reaching Sprint funding deal
NEW YORK (Reuters) – Clearwire Corp (CLWR.O: Quote, Profile, Research, Stock Buzz) is expected to reach a funding agreement with Sprint Nextel (S.N: Quote, Profile, Research, Stock Buzz) at least by year-end and possibly in time for Clearwire’s December 1 debt interest payment deadline, according to people following a standoff between the wireless service providers.
Clearwire, which is majority owned by Sprint, is seeking almost $1 billion in new financing to keep operating and to pay for a network upgrade that is crucial for it to compete in the U.S. market for high-speed wireless services.
PREVIEW: Clearwire seen reaching Sprint funding deal
NEW YORK, Nov 30 (Reuters) – Clearwire Corp is
expected to reach a funding agreement with Sprint Nextel
at least by year-end and possibly in time for Clearwire’s Dec.
1 debt interest payment deadline, according to people following
a standoff between the wireless service providers.
Clearwire, which is majority owned by Sprint, is seeking
almost $1 billion in new financing to keep operating and to pay
for a network upgrade that is crucial for it to compete in the
U.S. market for high-speed wireless services.
Analysis: AT&T may struggle to find asset buyers
By Sinead Carew
(Reuters) – AT&T Inc will struggle to find buyers for any asset sale big enough to salvage its $39 billion deal to buy T-Mobile USA, with most likely buyers Leap Wireless International Inc and MetroPCS Communications lacking the cash.
AT&T is looking for ways to make the acquisition more palatable to the U.S. Justice Department and the Federal Communications Commission which have raised objections over reduced competition and job losses.
Analysis: Sprint network upgrade may curb unlimited data
NEW YORK (Reuters) – Sprint Nextel may be forced to abandon the biggest advantage it has over its rivals – unlimited data services for a flat fee – because of heavy data users and a shortage of wireless airwaves.
Moreover, the increasing likelihood that AT&T’s plan to buy T-Mobile USA, the nation’s fourth-largest mobile operator, will fail may have the paradoxical result of making Sprint’s position even more untenable, according to analysts who follow all three companies.
Sprint network upgrade may curb unlimited data
NEW YORK, Nov 25 (Reuters) – Sprint Nextel (S.N: Quote, Profile, Research) may be
forced to abandon the biggest advantage it has over its rivals
- unlimited data services for a flat fee – because of heavy
data users and a shortage of wireless airwaves.
Moreover, the increasing likelihood that AT&T’s plan to buy
T-Mobile USA, the nation’s fourth-largest mobile operator, will
fail may have the paradoxical result of making Sprint’s
position even more untenable, according to analysts who follow
all three companies.
Did #Qualcomm really just show a video of a bug on a bicycle powering a phone or am I hallucinating? Very cute
Huawei buys Symantec stake in JV for $530 million
HONG KONG/NEW YORK, Nov 15 (Reuters) – Huawei
Technologies, the world’s No.2 telecoms equipment
maker, plans to buy Symantec Corp’s 49 percent stake
for $530 million in a joint venture between the companies that
provides security solutions for corporations.
The agreement is subject to regulatory approval, but
analysts and company executives foresee few hurdles as the joint
venture is based in of Hong Kong.
Microsoft: mobile getting better, no numbers yet
Microsoft made a big deal of the launch of three U.S. phones running its Windows Phone 7.5 software, the latest upgrade to Windows Phone 7, which represents a complete overhaul of the Microsoft mobile phone software. They built a giant model of a phone in Herald Square, New York City and had rappers and dancers performing around it on Monday, while pizza was handed out to bemused onlookers.
Andy Lees, who leads Microsoft’s phone business, was on hand to talk up the software, which he said has been very well received by consumers.



