x PhoneArena is hiring! Reviewer in the USA

Sprint looking to raise $2B to fund LTE network

Posted: , by Brian K.

Tags :

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.

  • Options

posted on 28 Feb 2012, 09:16 6

1. arcq12 (Posts: 733; Member since: 13 Oct 2011)

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

posted on 28 Feb 2012, 09:37 1

2. squallz506 (banned) (Posts: 1075; Member since: 19 Oct 2011)

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

posted on 28 Feb 2012, 10:35 3

3. DOGIEFRESH (Posts: 309; Member since: 15 Jul 2009)

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

posted on 28 Feb 2012, 11:04 8

7. theBankRobber (Posts: 682; Member since: 22 Sep 2011)

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

posted on 28 Feb 2012, 10:43 6

4. audiblenarcotic (Posts: 114; Member since: 16 Nov 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.

posted on 28 Feb 2012, 10:51 1

5. DOGIEFRESH (Posts: 309; Member since: 15 Jul 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....!!!!

posted on 28 Feb 2012, 11:35 4

8. audiblenarcotic (Posts: 114; Member since: 16 Nov 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.

posted on 28 Feb 2012, 19:14

12. HäckeMáte (Posts: 168; Member since: 28 Feb 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

posted on 28 Feb 2012, 11:00 1

6. QWIKSTRIKE (Posts: 1290; Member since: 09 Mar 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

posted on 28 Feb 2012, 13:56 2

10. downphoenix (Posts: 3165; Member since: 19 Jun 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.

posted on 28 Feb 2012, 16:05 1

11. Metalspy8 (Posts: 61; Member since: 27 Feb 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 ...

posted on 28 Feb 2012, 12:59

9. ENIGMA (Posts: 81; Member since: 17 Feb 2012)


posted on 28 Feb 2012, 19:33

13. axllebeer (Posts: 271; Member since: 05 Apr 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?:


posted on 29 Feb 2012, 12:29

14. Aary322 (Posts: 1; Member since: 29 Feb 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

Want to comment? Please login or register.

Latest stories