9 result(s) displayed (1 - 9 of 9):

Shrinking Sprint gives Clearwire $1.2B (from Corporate Dealmaker)

Sprint Nextel Corp. (NYSE:S) has lost about 3 million customers so far this year, which is making its 4G WiMax investments in Clearwire Corp. (NASDAQ:CLWR) all that more important. Rivals Verizon Wireless and AT&T Inc. (NYSE:T) operate a larger 3G network and are adding customers in the millions per quarter....

Posted on November 10, 2009 4:22 PM

Would Sprint sell its Clearwire stake? (from Corporate Dealmaker)

Although still suffering integration headaches from its merger with Nextel, Sprint Nextel Corp. (NYSE:S) saw its stock jump on Monday with rumors of Deutsche Telekom AG (NYSE:DT) mulling a bid for the troubled wireless carrier. Besides the incredibly daunting task of integrating U.S. No. 3 Sprint with Deutsche Telekom's...

Posted on September 14, 2009 3:38 PM

Nokia Siemens-Nortel deal a boost for Dallas (from Corporate Dealmaker)

Nokia Corp. (NYSE:NOK) is based in Finland, Siemens AG (NYSE:SI) is German, and Nortel Networks Corp. is in Canada, but a possible deal tying these three companies together has a strong presence in Dallas. Joint venture Nokia Siemens Networks BV, which has had a weak U.S. presence in comparison...

Posted on July 20, 2009 3:05 PM

Cisco joins Clearwire WiMax effort (from Corporate Dealmaker)

Cisco Systems Inc. (NASDAQ:CSCO) is making good use of an old acquisition. In 2007, Cisco acquired WiMax technology developer Navini Networks Inc. for about $330 million. It's a transaction that helped lay the technological foundation for the company's deal announced Wednesday to be the core infrastructure supplier for Clearwire...

Posted on May 13, 2009 2:03 PM

When JVs hurt (from Corporate Dealmaker)

Joint ventures are a great way to scale up business and enter new markets without the major regulatory hassle acquisitions face, but as with any investment, there are risks.Sweden's Ericsson AB (NASDAQ:ERIC), the world's No. 1 in mobile equipment making, got a taste of that when it reported quarterly earnings...

Posted on May 1, 2009 10:14 AM

Bankrupt Nortel Networks selling LG-Nortel for $1B? (from Corporate Dealmaker)

Telecom equipment maker Nortel Networks Corp. (NYSE:NT), which on Tuesday was granted a three-month extension of bankruptcy protection by a Canadian court, may be selling its controlling stake in a South Korean joint venture for close to $1 billion.Citing dealmakers, Financial Times reports the sale would interest foreign private equity...

Posted on April 29, 2009 9:11 AM

AT&T: $17B investment in mobile broadband this year (from Corporate Dealmaker)

First, the good news for a struggling economy:  AT&T Inc. (NYSE:T) says it plans to invest $17 billion to $18 billion in 2009 and add about 3,000 jobs to support increased customer demand in mobility, broadband and video. The multibillion-dollar investment is in line with its 2007 capital expenditures of...

Posted on March 10, 2009 4:49 PM

Clearwire hires CEO familiar with Japanese tech (from Corporate Dealmaker)

Clearwire Corp. (NASDAQ:CLWR), on the verge of a massive U.S. WiMax buildout, named a new CEO. The wireless broadband provider brought in telecom vet William Morrow to replace company co-founder and current chief Benjamin Wolff, who will focus on strategic and financing opportunities.Wolff will continue as co-chairman alongside Craig McCaw....

Posted on March 10, 2009 3:07 PM

Sprint, Clearwire, Intel, Google and others in $14.5B WiMax deal (from Corporate Dealmaker)

Sprint Nextel Corp. and Clearwire Corp. are combining their WiMax businesses, creating a new mobile broadband company to be named Clearwire. And the new company is getting a $3.2 billion cash infusion from an impressive alliance of technology and cable giants including Intel Corp. (through Intel Capital), Google Inc., Comcast...

Posted on May 7, 2008 9:55 AM