Clearwire plans $300 million stock offering for LTE
Clearwire plans to raise as much as $345 million in stock transactions to help fund its LTE (Long Term Evolution) network deployment and other activities.
Clearwire plans to raise as much as $345 million in stock transactions to help fund its LTE (Long Term Evolution) network deployment and other activities.
At least one of the cable operators that struck a wireless spectrum deal with Verizon on Friday now plans to stop reselling WiMax mobile service from Clearwire.
Sprint Nextel may help finance Clearwire's LTE network and keep offering WiMax service through 2015 under a set of agreements worth as much as US$1.6 billion that the companies laid out on Thursday.
WiMax carrier Clearwire has stopped selling postpaid service plans and dual-mode 3G-WiMax client devices, two moves that make it less of a competitor to its main wholesale customer, Sprint Nextel.
Cooperation between Sprint Nextel and Clearwire on LTE should help to bring two versions of that technology together, leading to increased device choices and roaming opportunities for subscribers in developed markets.
Sprint Nextel and Clearwire plan to make their future LTE networks work together and are working on a commercial agreement under which Sprint would use Clearwire's network for extra capacity.
All-you-can-eat data ran up against booming demand this week as Sprint Nextel became the last big U.S. carrier to end unlimited mobile broadband plans. But those unlimited plans may come back -- some day.
Shares of Sprint Nextel and Clearwire plummeted on Friday after Sprint laid out plans to build its own LTE network, leaving the ailing Clearwire alone to fund and build LTE itself.
WiMax carrier Clearwire's so-far-unfunded plan to adopt LTE faces several obstacles, but the company effectively doesn't have a choice, according to industry analysts.
LTE (Long Term Evolution) has picked up steam in the last few weeks, with operators moving forward and auctions taking place, helping the technology become a global standard.
So Clearwire has confirmed that it's looking to deploy an LTE network alongside its WiMax one, but there's a big catch: The service provider needs more cash.
Clearwire plans to deploy an LTE network in addition to its existing WiMax system but estimates it will need to raise about US$600 million to do so.
WiMax mobile operator Clearwire plans to add equipment to its network that can use LTE-Advanced, the next generation of LTE technology, the company announced Wednesday.
Sprint Nextel is a wholesale customer of Clearwire's WiMax service but will itself become a wholesale provider of the service to other carriers.
Sprint Nextel's deal with LightSquared to build and run its LTE network for more than US$13 billion in cash and credits all comes down to money.