25 result(s) displayed (1 - 25 of 25):
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
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
Last time we checked in on Clearwire Corp. (NASDAQ:CLWR), Cisco Systems Inc. (NASDAQ:CSCO) had signed on as the core infrastructure supplier for Clearwire's $14.5 billion WiMax effort. Now, it has launched WiMax in 10 more markets and is asking for stimulus funds to reach markets that were not part...
Posted on September 1, 2009 3:28 PM
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
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
Clearwire Corp. and Sprint Nextel Corp. on Monday took a huge leap toward the planned rollout of the first nationwide 4G mobile broadband network by closing their multibillion dollar WiMax deal. The venture combines the companies' wireless Internet businesses and aims to begin rolling out the network in early 2009....
Posted on December 1, 2008 11:02 AM
AT&T Inc., through one of its subsidiaries, is buying privately-held Wayport Inc. for about $275 million in cash, adding nearly 20,000 domestic hotspots to its global Wi-Fi presence of more than 60,000 locations. Irving, Texas-based Wayport enables wireless connections to the Internet via smartphones and other Wi-Fi enabled devices at...
Posted on November 6, 2008 3:17 PM
Sprint Nextel Corp.'s announcement Thursday that it will "rejuvenate" its beleaguered integrated digital enhanced network is another way of saying the company is not selling the wireless systems it obtained from its $35 billion merger with Nextel.The million-dollar question for Sprint Nextel's president of strategic planning and corporate initiatives...
Posted on October 31, 2008 1:23 PM
Sprint Nextel Corp. CEO Dan Hesse says he feels relatively safe from credit crunch problems even though losses from Sprint's $35 billion acquisition Nextel have put the firm's future in question. Why? "On the consumer side, wireless has become a staple -- people would rather give up their TV...
Posted on October 13, 2008 12:50 PM
Cablevision Systems Corp. said Thursday it completed the initial phase of its $300 million-plus Optimum Wi-Fi deployment in New York and expects to bring wireless Internet to its customers for free in the tristate area over the next two years. Cablevision's strategy, as Cnet.com puts it, is not to operate...
Posted on September 4, 2008 4:36 PM
Wireless Internet provider Clearwire Corp. posted a $191.1 million loss for the second quarter due to costs related to its merger with Sprint Nextel Corp.'s WiMax business, but is focused on making the deal work. Meanwhile, reports say Sprint may sell its iDen wireless network to either NII Holdings Inc. or PE investors and Sprint itself could be taken over by South Korea's SK Telecom.
Posted on August 8, 2008 1:45 PM
Telecom deal news keeps breaking, from China and India to Sweden, France, the Americas, and now Norway and Africa. Telenor ASA, at its Capital Markets Day gathering on Thursday, said the total number of subscriptions in its mobile operations has passed 150 million. Bloomberg.com reported that Telenor is actively...
Posted on June 20, 2008 8:23 AM
The Supreme Court, in a ruling on Monday, made it more difficult for patent holders to collect royalties on the downstream uses of their technology. In Quanta Computer Inc. v. LG Electronics Inc., the court ruled that LG could not collect royalties on the patented LG chipsets that Quanta used...
Posted on June 10, 2008 1:01 PM
Dealmaking lends itself to certain axioms: Talk less and listen more; beware of deal fever; cherish certainty of closing. To these I would add a personal favorite -- avoid joint ventures whenever possible. No one would argue with a straight face that a joint venture is the optimum business...
Posted on June 1, 2008 11:00 AM
Last week's $14.5 billion WiMax deal calls for collaboration between Sprint Nextel Corp., Clearwire Corp., Google Inc., Comcast Corp., Time Warner Cable Inc. and Bright House Networks. That's quite a collection of interests to keep in alignment, and Clearwire founder Craig McCaw (pictured) has stepped up his involvement in the...
Posted on May 14, 2008 4:36 PM
An alliance as potentially consuming and unwieldy as Clearwire Corp.'s $14.5 billion WiMax venture with Sprint Nextel Corp. is bound to have implications for the companies' existing partners, right? That's what analysts wondered when DirecTV Inc. announced its first-quarter earnings on May 7, just hours after the Clearwire-Sprint WiMax deal...
Posted on May 12, 2008 9:31 AM
The Deal's Olaf de Senerpont Domis talked with Intel Capital president Arvind Sodhani about Intel's $1 billion investment in the new WiMax entity created through the Sprint Nextel Corp.-Clearwire Corp. alliance. We noted on this blog Wednesday that Intel's initial investment in WiMax was $10 million back in 2002. As...
Posted on May 8, 2008 9:35 AM
Coverage of the WiMax alliance between Sprint Nextel Corp. and Clearwire Corp. has focused on Sprint's huge WiMax gamble -- and for good reason. It has been a tumultuous few years for Sprint, which has been hemorrhaging subscribers in its core cell-phone business and in April saw its triple-play wireless...
Posted on May 7, 2008 12:49 PM
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
Sprint Nextel Corp. and Clearwire Corp. may announce as soon as Wednesday a deal to roll out WiMax broadband wireless technology for mobile devices, according to the WSJ. They reported investments that valued the joint venture at $12 billion, with $1.05 billion from cable provider Comcast Corp., $1 billion from...
Posted on May 6, 2008 5:23 PM
Clearwire Corp. said they are in active talks with Sprint Nextel Corp. It was similar to the message that new Sprint Nextel CEO Dan Hesse relayed a week earlier, during an earnings call. But is it possible they could be bringing in partners to help finance the deal?Clearwire and Sprint...
Posted on March 5, 2008 1:10 PM
Sprint Nextel Corp. hasn't given up on its WiMax venture. According to the WSJ, Sprint is talking with startup Clearwire about forming a WiMax joint venture that could also involve other players, including Intel Corp. and Google Inc. A month after the CEO-less cellular giant's talks with Clearwire fell...
Posted on January 29, 2008 4:56 PM
Team WiMax (from Corporate Dealmaker)
If this technology fails to deliver mobile broadband internet access, it won't be for lack of companies working together to make it happen.
Posted on April 15, 2007 7:11 AM
If Intel Capital had been viewed as the cumbersome ocean liner of the venture capital world, 2006 marked a year when the world's largest corporate VC got a bit nimbler, a bit faster and a lot more aggressive. The investment arm of Intel Corp. cleared $1 billion in total...
Posted on February 15, 2007 11:23 PM
Marathon days and grueling nights. Secrecy and front-page news. And a final exhausting vigil before a $47 billion climax.
Posted on August 16, 2006 12:55 PM
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