Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Sprint Eyes Spinning Off WiMAX Service

Company considers split; investors to share cost of network

By Jim O'Neill, Newser User

Posted Dec 4, 2007 2:43 PM CST

(Newser) – Weeks after a planned partnership to build and operate a next-generation WiMAX network with Clearwire fell through, Sprint Nextel is looking for investors and is considering a spinoff of its nascent high-speed wireless operation, reports Reuters. Acting CEO Paul Saleh yesterday said the company was... Read full story »

COMMENTS

Read the comment policy

You need to Log in to Newser to comment. Don't have an account yet? Sign up now!

There are no comments

A snapshot of the day's best news stories.

View Larger Grid

All Today Yesterday Pick a Date

What's Popular Now on Facebook

Cops Shoot Naked Guy Eating Man's Face on Highway

Japanese Artist Serves Up Own Cooked Genitals

Washington Post (Source Grid »)

Sprint offered $5B bailout
Financial Times (UK)

Does WiMAX make sense in the US?
RCR Wireless News

Technology • Money

Sprint Nextel • WiMAX • Clearwire

More Newser Stories

Sprint Nextel Revives WiMAX Plans

Mobile carrier looks for partners to cut cost of high-speed wireless network

(NEWSER) - Struggling Sprint Nextel, burdened with layoffs, retail store closings, and massive mobile-subscriber defections to AT&T and Verizon, may be getting back in the game. The company, which recently caved to investor pressure to drop plans for a $5-billion nationwide WiMAX network, is again talking with Clearwire, its partner in the abandoned venture, reports the Wall Street Journal. More»

Sprint Loses 1M Customers, $505M in Q1

Embattled carrier will cut 4K jobs, close outlets, sell assets

(NEWSER) - Sprint Nextel continued to hemorrhage customers in the first quarter, losing more than 1 million subscribers and tallying losses of $505 million, more than double its losses in the same period last year, reports Bloomberg. Sales slipped nearly 8% to $9.33 billion. The carrier, rumored to be a takeover target of Deutsche Telekom, said it would likely sell assets. More»

Comcast, Time Warner Weigh $1.5B WiMax Investment

Companies would back Sprint/Clearwire plan for nationwide network

(NEWSER) - Sprint Nextel and Clearwire, looking for funding in their bid to build a nationwide high-speed wireless network, may have found partners in Comcast and Time Warner, reports the Wall Street Journal. The country’s two largest cable operators are weighing a combined pledge of $1.5 billion to the project; Sprint and Clearwire hope to raise $3 billion overall. More»

Sprint, Clearwire Network Deal Shelved

Collapsed deal heavy blow to Clearwire

(NEWSER) - An ambitious agreement between Sprint Nextel and Clearwire to built a nationwide WiMax wireless network, reaching 100 million people by late next year, is on the rocks, insiders tell the Wall Street Journal. The transaction apparently collapsed under the weight of its complexities, aggravated by Clearwire's larger-than-expected third-quarter losses and the recent departure of Sprint's CEO. More»

Sprint Joins Verizon in Google Phone Talks

Long-rumored gPhone may be unveiled shortly

(NEWSER) - Following up on earlier reports that Google was in intense talks with Verizon about building a phone based on Google software, the Wall Street Journal reports that Sprint Nextel is also talking to the search giant. Google is expected to reveal its gPhone in the next two weeks, and a deal with either wireless company might bring phones to consumers by mid-2008. More»

NEWS FROM OUR PARTNERS

What is Newser?

Face it: there's too much news. At Newser, we choose the most thought-provoking and entertaining stories from hundreds of US and international sources and reduce them to a headline, picture, and two paragraphs. And we do it 24/7—you can come back morning, noon, night (and in between) for something new that matters. Read less, know more.

Learn more »

Partnering with: Slate

View Newser on the mobile website

Sprint Eyes Spinning Off WiMAX Service

Company considers split; investors to share cost of network

Sprint Nextel • WiMAX • Clearwire

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

Sprint Nextel Revives WiMAX Plans

Mobile carrier looks for partners to cut cost of high-speed wireless network

Sprint Loses 1M Customers, $505M in Q1

Embattled carrier will cut 4K jobs, close outlets, sell assets

Comcast, Time Warner Weigh $1.5B WiMax Investment

Companies would back Sprint/Clearwire plan for nationwide network

Sprint, Clearwire Network Deal Shelved

Collapsed deal heavy blow to Clearwire

Sprint Joins Verizon in Google Phone Talks

Long-rumored gPhone may be unveiled shortly

About Us

Site

Community

Site Maps

Tools

More News

What is Newser?