Printed from http://www.electronista.com

Sprint may buy Clearwire to make LTE network

updated 08:20 am EDT, Fri August 19, 2011

Sprint may acquire Clearwire for LTE expansion

Sprint may buy outstanding shares in Clearwire to build out its 4G LTE network more quickly, according to Bloomberg sources. Sprint is said to be in talks with cable companies include Comcast to raise the capital to buy out equity in Clearwire that it doesn't already own. Although a deal is not said to be imminent, Sprint, which is currently losing money, is keen to invest around $600 million to upgrade its network in order to become more competitive with Verizon and AT&T.

The cable companies are said to be interested in investing in LTE as it will help them better compete with AT&T and Verizon who have the advantage of being able to deliver services through a variety of means including landline, wireless, Internet and pay-television.

A number of different scenarios are being discussed as to how the interested parties can pool their resources to optimize their planned strategic alliance, with no one capital-funding model yet determined.

Neither company was willing to either deny or confirm that such talks are underway.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Cat B100

Cat is primarily known for its heavy-duty machinery used in the construction industry and farming, among other areas. What may not be ...

Linksys EA6900 AC Router

As 802.11ac networking begins to makes its way into more and more devices, you may find yourself considering an upgrade for your home ...

D-Link DIR-510L 802.11AC travel router

Having Internet access in hotels and other similar locations used to be a miasma of connectivity issues. If Wi-Fi was available, it wa ...

Sponsor

toggle

Most Commented

 
toggle

Popular News