Sprint looking to raise $2B to fund LTE network

Sprint looking to raise $2B to fund LTE network
After a successful campaign in the fall which raised $4 billion, Sprint is looking to sell another $2B in company bonds via a private sale.  This money will be going towards network expansion and upgrade (LTE), as well as to possibly help fund Clearwire.  This is all part of Sprint's Network Vision plan, which will ultimately see their iDEN network shut down and their CDMA offering on both the 800 and 1900MHz frequencies.

Sprint owns about half of Clearwire, which is having some financial difficulties as it looks to transition from WiMax to LTE.  The company looks to have 5,000 TD-LTE cell sites functional by mid 2013.  This type of LTE is different than what AT&T and Verizon employ, but Clearwire claims that it is more advanced and will be more adopted world-wide.

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14 Comments

1. arcq12

Posts: 733; Member since: Oct 13, 2011

I don't see Sprint LTE in 2012 because LightSquared is busted.

2. squallz506

Posts: 1075; Member since: Oct 19, 2011

Clear wire is being investigated by the bbb for bait and switch. Who is picking sprint's partners anyway?

3. DOGIEFRESH

Posts: 316; Member since: Jul 15, 2009

Good luck Sprintcrap nobody will invest in a company that have management problems and destroy good company like Nextel...!!!!!

7. theBankRobber

Posts: 682; Member since: Sep 22, 2011

Nextel fell off by itself and Spirit is really good, all depends on your location.

4. audiblenarcotic

Posts: 114; Member since: Nov 16, 2011

Dude. Nextel was dead in the water anyway. The iDen network was not designed to handle anything close to the data that we expect now. It was expensive to make those types of network upgrades and would have required rebuilding the entire thing. Plus the fact that the interest in a Push to Talk option has dwindled. All anyone cares about anymore are Apps and Data. iDen is what killed Nextel. The guys at the top were smart enough to know to sell it when they did.

5. DOGIEFRESH

Posts: 316; Member since: Jul 15, 2009

Sad but true Sprint is know for taking bad decision like WI-MAX, investors see those numbers and nobody in a sane state of mind will put a dollar on those guys....!!!!

8. audiblenarcotic

Posts: 114; Member since: Nov 16, 2011

You do realize that Sprint didn't have a choice with using Wimax, right? The spectrum that Sprint used for the Wimax network was aquired by Sprint with the Nextel merger. Nextel was had to swap spectrum with the goverment and had a time limit in which to use it. As the dealine approached Wimax was ready and LTE was not. Therefore, the choice was Wimax or forfiet the spectrum. I think they made the right one. Its also actually surprisingly easy to transition from Wimax to LTE on the towers. I have no doubt that they will get whatever funding that is needed.

12. HäckeMáte

Posts: 168; Member since: Feb 28, 2012

If it wasnt for WiMax we woulda never gotten an EVO... if it werent for the EVOs succes, we wouldnt have had the money for the iPhone... The way u gota look at it is this... Wimax was got Sprint to where it is today, now all they need is LTE. Sprints only mistake was buying into Clearwire... Now THATS a company that has no idea of leadership. Opening retail stores in malls?!? Really? what was clearwire thinking? Like ppl are going to walk around the mall and say "hmm u know what would look great with these shoes, a wholesale line with Clearwire =D

6. QWIKSTRIKE

Posts: 1459; Member since: Mar 09, 2010

Without LTE Sprint may lose....They have to accommodate the new iPad with LTE and without it they will not attract new customers. This will cause a major loss since they heavily invested in future Apple products. Customers like myself who have been with Sprint since the 1st month that they launched in NYC want to hang in there but they are not offering newer phones. All other carriers have LTE phones and Spring is falling behind. They have made bad decisions, but not having LTE rolling out in 2012 is a major failure

10. downphoenix

Posts: 3165; Member since: Jun 19, 2010

And said LTE doesnt matter if you can burn through the cap with a couple hours of heavy browsing on data intensive sites like Youtube or sites that use flash content. That would be like having a ferrari that you're limited to about 3 or 4 gallons of gas a month, vs a camry where you can get as much gas as you want. As sexy as the ferrari is, it doesnt do much good if I have to leave it in the driveway most days out of the month.

11. Metalspy8

Posts: 148; Member since: Feb 27, 2012

yup....im with sprint for life eventually they will rise....not that they are in the dirt they are saving me crap load on my family plan ....just give it some time ...

9. ENIGMA

Posts: 81; Member since: Feb 17, 2012

YOU.AMERICANS.ARE.LUCKY.IN.ONE.WAY.THAT.U.HAVE.4G.​AND.LTE.WOW.BROWSING.ON.42MBS.THATS.FASTER.THAN.HO​ME.WIFI.IMAGINE.LTE.SO.U.LOAD.PAGES.IN.SECONDS.HEA​VY.FLASH.WEBSITES.TAKES.5.TO.8.SECONDS.TO.LOAD.I.L​IKE.THAT

13. axllebeer

Posts: 272; Member since: Apr 05, 2011

No rush for me as we never even got Wimax where I live. There is no LTE on any carriers here either. It will come when it comes and till then I'm happy with my EVDO Rev A on family unlimited. :) Besides, has anyone read this yet?: http://www.phonearena.com/news/Only-5-of-Verizon-customers-have-switched-to-LTE_id27467

14. Aary322

Posts: 1; Member since: Feb 29, 2012

I believe sprint has something up their sleeves since they still have the nexus on their website and are still promoting lte in the summer. Im just saying

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