Clearwire CEO hints at layoffs, as investor boosts stake to repel ‘unfair’ Sprint acquisition

Erik Prusch

Clearwire CEO Erik Prusch met with employees this week to reassure them that even though Sprint has offered to buy the company for $2.2 billion, it remains “business as usual” until the deal is completed next year. Prusch also addressed the jobs of workers, pointing them to a FAQ related to the pending transaction. As… Read More…

This Clearwire investor thinks Sprint’s $2.1B offer really stinks

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Well, we saw this coming. One of Clearwire’s largest shareholders isn’t too pleased about Sprint’s $2.1 billion offer to buy the remaining shares of the company that it doesn’t already own. Mount Kellet Capital Management, which had already sent one letter to Clearwire’s board warning of a potential low offer from Sprint, today sent another… Read More…

It’s official: Sprint is trying to buy the rest of Clearwire for $2.1B

Sprint's Dan Hesse

The ongoing fluctuations in the mobile market took yet another turn today as Sprint Nextel announced its intentions to buy out its longtime partner, Clearwire, for $2.1 billion. The acquisition talks were disclosed in SEC filings Thursday morning, and Bellevue-based Clearwire said it would not be commenting further on the possibilities of a deal. “Clearwire… Read More…

Clearwire shares surge after Sprint positions for full buyout

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Shares of Clearwire jumped more than 10 percent today after CNBC reported that Sprint Nextel may try to acquire its remaining interest in the Bellevue broadband wireless provider by the end of the year. CNBC’s David Faber said that Sprint — which has agreed to be acquired by Japan’s Softbank — may attempt to acquire the… Read More…

Smartphone service for kids inks deal with Clearwire

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Kajeet, which offers cell phone service for kids that includes parental controls and location tracking, has struck a wholesale agreement to use Clearwire’s 4G mobile broadband network. “Adding a 4G mobile broadband product with Clearwire gives our customers new connectivity options and allows Kajeet to expand our mobile service offerings so that we continue to… Read More…

Putting a limit on ‘unlimited:’ Clearwire booting contracts of its biggest data gobblers

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Imagine going to an all-you-can-eat buffet and getting thrown out for eating too much. Replace the grub with internet data, and that’s what is happening to some Clearwire customers. Apparently, Clearwire’s “unlimited” data plans aren’t exactly “unlimited,” and some people are being kicked off the service because of over-usage. They’ve taken to the social media airwaves… Read More…

This Clearwire investor just fired a volley at Sprint, warns carrier not to meddle in spectrum sale

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One of Clearwire’s largest shareholders is urging the company to sell its excess spectrum in an attempt to raise as much as $9 billion — a huge tally that’s nearly three times Clearwire’s current market value. In a letter to the company filed with the Securities and Exchange Commission on November 1, Mount Kellet Capital Management’s… Read More…

Clearwire touts strong spectrum position as revenue falls

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It’s a time of transition in the wireless industry, and Clearwire remains a pawn in the ongoing battle as Sprint, Verizon, AT&T and T-Mobile look to bolster their networks. Today, Clearwire offered a few clues of where it is at, posting revenues of $313 million during the third quarter. That was down from $316 million… Read More…

Sprint takes majority control of Clearwire, buys Craig McCaw’s holdings

Craig McCaw

What a long strange trip it’s been. Sprint Nextel announced today in a SEC filing that it plans to acquire the Clearwire shares owned by Craig McCaw, a move that comes just days after Sprint agreed to sell a 70 percent stake in itself to Softbank. Sprint’s ownership stake of Clearwire had dropped in recent… Read More…

Sprint reportedly in no hurry to gobble up Clearwire

clearmodem

There’s been a lot of speculation about what will happen to Clearwire following Softbank’s purchase this week of a 70 percent stake in Sprint Nextel. But don’t hold your breath for a deal between the new Sprint and the old Clearwire, at least in the short-term. Bloomberg News reports, citing people with knowledge of the… Read More…