Jump to content

Sprint, Cleawire near deal for 3-5 year network-sharing agreement, report claims


Recommended Posts


Sprint and Clearwire are close to inking a deal that will extend an existing network-sharing agreement an additional 3-5 years, Bloomberg Businessweek said Friday. The current agreement will terminate at the end of 2012. Allegedly, the deal is not final and could still fall through. If it is finalized, Sprint is poised to pay less for access to Clearwire’s network than it currently does. Clearwire has been seeking additional funding to help it build out a 4G LTE network, which is expected to cost $600 million, but Sprint will not provide any of the financing. “This would likely help [Clearwire] get funding, because it would provide increased visibility into revenue-getting opportunities and reduce the risk profile,” Mizuho Securities analyst Michael Nelson told Bloomberg. Clearwire most recently began courting AT&T and Verizon Wireless in a bid to raise cash for its new network.




View the full article

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Create New...

Important Information

By using this site, you agree to our Terms of Use.