Clearwire draws down another $80 million from Sprint, hammering another nail in Dish Network's coffin
0. phoneArena 31 Mar 2013, 19:53 posted on
Drawing down a second round $80 million from Sprint as allowed in their merger deal, Clearwire has now made it all but impossible for Dish Network or any other third party to come in and scuttle the merger between Sprint and Clearwire; as part of the $2.2 billion deal to acquire the network operator, Sprint offered Clearwire $800 million in financing to be drawn down over ten months...
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1. Sdubb3 (Posts: 18; Member since: 22 Jan 2012)
So ummm.....can we have a faster LTE rollout? IJS.
5. SprintGuy26 (Posts: 38; Member since: 21 Mar 2011)
yea really....sprint needs to speed up the whole LTE roll out!
2. axllebeer (Posts: 205; Member since: 05 Apr 2011)
Is LTE even related to Clear Wire? I honestly can't remember.
3. imkyle (Posts: 911; Member since: 18 Nov 2010)
LTE is mentioned on their page, but no site of a release date.
4. 305Bucko (Posts: 506; Member since: 07 Aug 2011)
It IS undr the "Network Vision" plans to alternate LTE between the 800, 1900, and 2500 bands... So yes.
But i belive what he meant was: can we finish this deal already and move on to whats important in the company.
6. lsutigers (Posts: 558; Member since: 08 Mar 2009)
No kidding. Sprint doesn't really need Clearwire, their Network Vision upgrades / LTE deployments are plenty fast. They just recognize that Clear is a bargain and they have already invested enough money into them.
As 305Bucko mentioned, Clear is part of the Network Vision plan but not a requirement for Sprint. The main reason they wanted Clear is because they have successfully tested and achieved 100mbps+ TD-LTE in high frequency spectrum which is great for metro areas and is faster than anyone else. Also, Qualcomm announced they got TD / FD LTE to work together along with a ton of different frequencies on a single chip so it's a win win. Not to mention they'll be able to offer true worldwide LTE service as TD-LTE is being used in Asia and Europe which is something the other carriers can't offer.