T-Mobile closer to buying Clearwire spectrum
updated 04:40 pm EST, Fri February 4, 2011
T-Mobile may buy Clearwire spectrum this winter
T-Mobile, the last bidder left in the buyout of Clearwire spectrum, is close to finalizing the deal, according to a Friday report. Two sources who wish to remain anonymous said the buy could happen as early as this winter, though T-Mobile may be holding out to get a better deal. The carrier also needs to fund the deal, with some suggesting to Bloonberg that it may do so by selling its US-based telecommunications towers.
Clearwire is running low on cash, and its biggest investor, Sprint, did not offer any bonds to help raise cash. It also planned on selling debt notes in December.
The spectrum auction was supposed to end by February, but was extended as T-Mobile parent Deutsche Telekom remains the only remaining bidder, with Verizon never interested, despite rumors.
Clearwire needs money to build out its WiMAX network, while T-Mobile needs a 4G network to compete with others, such as Verizon's.
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Looking like were gonna be stuck with two real networks for 4G too. The other two being the monopolistic shitpiles. This generation the two real networks are T-Mobile and AT&T, next gen it will be Verizon and AT&T. Thank God most places are going with LTE, I'm looking forward to seeing these WiMax fucktards go out of business as no one will develop phones for them.