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Home > News > Sprint Becomes Sole Owner of Clearwire

Sprint Becomes Sole Owner of Clearwire

December 17, 2012 by Benjamin J. Roethig

SoftBank-SprintA couple months back I reported that SoftBank-owned Sprint had acquired additional shares to retake a majority stake in wireless internet provider Clearwire.  Well, they’re back at the buffet table and eating the rest of the pie.  For $2.2 billion, Sprint will be acquiring the 49.2% of shares it doesn’t already own, making Clearwire a wholly owned subsidiary.

This move is about one thing and one thing alone: Clearwire has 160mhz of spectrum in the 2.5ghz range that it is refarming from WiMAX to TDD-LTE. Like the aforementioned WiMAX network that the companies shared, Sprint could tap into this bandwidth for its data needs and use Clearwire’s already established deployment plans.  This would give Sprint both more available bandwidth and a faster rollout.

Here is the catch: Sprint’s current LTE network uses the 1900mhz PCS band and the FDD variant of LTE.  Sprint LTE sold right now would not have access to the Clearwire network.  Sprint would have to deploy on both the 1900mhz and 2.5ghz bands nationwide or early adopters may be left out in the cold.  The only certainty is that between buyouts and mergers, the early days of LTE are constantly in flux.

Sprint Press Release

Filed Under: News Tagged With: acquisitions, business, Clearwire, mobile carriers, SoftBank, Sprint

About Benjamin J. Roethig

Ben is an external Associate Editor at Geek Beat. He can be described connoisseur of things technological. Ben's hobbies include reading up on Military, Naval, and Aeronautical history, playing around with his Macs and iDevices, exploring the mountainous bluffs of Dubuque, IA and Galena, IL, and proving that 15+ years of practice does not make perfect on his guitars. If you want to find him Ben can be found on Twitter (@benroethig), Google (gplus.to/benroethig), and as an occasional guest on Apple related podcasts.

Comments

  1. khubaib says

    January 2, 2013 at 7:13 am

    thanx for sharing wonderful knowledge

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