Sprint reduces Clearwire stake, no longer majority owner

Sprint Nextel and Clearwire have been joined at the hip for years, creating what has been at times an uncomfortable marriage. But the two companies — while not splitting outright — are growing apart. As a result of recent stock changes, Sprint is no longer Clearwire’s majority shareholder. On June 1, Sprint made the decision… Read More


WiMax dealt another blow: new Sprint phones to be LTE-only

Sprint is putting another nail in its WiMax coffin by confirming at an Orlando mobile carrier conference that it will no longer release new WiMax phones, instead relying on devices that run on its upcoming LTE 4G network. It’s news likely to be watched closely by Bellevue-based wireless broadband provider Clearwire, which has received a… Read More


The fastest (and slowest) wireless networks in Seattle

Are you looking to switch wireless carriers? Well, before you make the jump it might be worthwhile to spend some time with a new report released today by Root Metrics, which analyzes the performance of the four big carriers in Seattle. The results of the survey — compiled after some 20,000 tests and analyzing factors… Read More


Clearwire says revenues more than doubled in fourth quarter

Trying to rebound from a tumultuous year, wireless broadband provider Clearwire just provided a sneak peek at its fourth-quarter financial performance, saying it expects record revenues of $362 million — more than double its result from a year ago. Separately, Clearwire announced plans to raise more money through a debt offering, saying its Clearwire Communications… Read More


Sprint becomes NBA sponsor as T-Mobile shifts to sidelines

Sprint today announced a “sweeping multiyear marketing partnership” with the NBA as the league’s official wireless sponsor, filling a role that had been held by T-Mobile USA since 2005. The announcement confirms the rumblings we’d been hearing for the past few months about T-Mobile giving up the longtime NBA sponsorship. The Bellevue-based company is facing… Read More


Comcast and Time Warner to end wholesale deals with Clearwire

Comcast and Time Warner will end their wholesale agreements with Clearwire, part of a deal that the cable companies struck today to sell wireless spectrum to Verizon. Cnet reports that the decision ends “a lukewarm relationship” between the cable companies and Clearwire, with reporter Roger Cheng noting that Comcast signed up just 30,000 customers through the… Read More


Sprint throws Clearwire a $1.6 billion lifeline in funding deal

Clearwire and Sprint this morning announced a new agreement that could provide Clearwire with as much as $1.6 billion over the next four years. With the deal, the Kirkland-based wireless broadband company announced that it has made a $237 million debt payment that it had considered skipping to preserve cash. Also of note: The companies… Read More

Erik Prusch

Clearwire considers skipping debt payment, shares plunge

Shares of Kirkland-based mobile broadband company Clearwire fell more than 20 percent in trading today after its CEO told the Wall Street Journal that it’s contemplating skipping a $237 million debt payment, due Dec. 1, to help conserve its cash. “It’s a very expensive payment that we have,” said Erik Prusch, the company’s CEO since… Read More


Do you live in a 4G city?

When it comes to wireless networks, everyone loves speed. And with more data-intensive activities taking place on mobile devices, the race to 4G is serious and intense. But how is is your city actually doing when it comes to these high-speed wireless networks? A new report from Bellevue’s RootMetrics takes an inside look at that question,… Read More


Dispute: Would AT&T’s T-Mobile acquisition create or kill jobs?

In a letter to President Obama today, U.S. Rep. Heath Shuler and 14 of his Democratic colleagues urged the administration to step in and end the Justice Department’s attempt to block AT&Ts proposed $39 billion acquisition of T-Mobile USA from Deutsche Telekom. “AT&T has announced plans to repatriate 5,000 jobs that are currently being performed… Read More


Sprint piles on with its own suit opposing AT&T’s T-Mobile deal

Sprint, which has opposed rival AT&T’s proposed $39 billion purchase of Bellevue-based T-Mobile USA since the beginning, this morning announced that it’s filing its own lawsuit against the deal, following up on the U.S. Justice Department’s bid to block the acquisition in court last week. “With today’s legal action, we are continuing that advocacy on… Read More


AT&T vows to return 5,000 call-center jobs to U.S. in T-Mobile deal

AT&T, seeking U.S. regulatory approval for its $39 billion acquisition of T-Mobile USA, tonight said it would bring 5,000 “good-paying” call center jobs back to the country after completing the deal, reversing past offshoring. The company also promised that the acquisition won’t result in any job cuts for any existing AT&T or T-Mobile USA call-center… Read More


Report: Sprint may buy Clearwire outright to solve funding crisis

Sprint, already the majority owner of Kirkland-based wireless broadband company Clearwire, is in talks with other investors that could result in Sprint owning Clearwire outright, according to a Bloomberg News report this morning, citing three anonymous sources familiar with the discussions. Bloomberg cautions that the talks are still preliminary. It’s the latest in a string… Read More


A lifeline for Clearwire? WSJ report says Sprint considering ‘substantial’ investment

The on-again, off-again relationship between Clearwire and Sprint Nextel may be entering a new phase. The Wall Street Journal reported last week, citing unnamed sources, that Sprint is considering an additional investment in Clearwire beyond the $1 billion in payments that it agreed to fork over earlier this year. Sprint already owns 54 percent of… Read More


Clearwire shareholder to CEO John Stanton: Time to sell some spectrum in order fill ‘cash hole’

Clearwire faces a nagging “cash hole in its business plan and Sprint is the only game in town to fill it.” That’s the opinion of New York money manager Pardus Capital whose president, Karim Samii, just wrote a 2,257-word letter to Clearwire interim CEO John Stanton explaining his dissatisfaction with the direction of the Kirkland… Read More