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Sprint looking for WiMAX investors

Categories: Rumors, Sprint, Technologies, WiMAX
By: , IntoMobile
Thursday, June 14th, 2007 at 2:37 AM

Reuters is reporting that Sprint is entertaining the possibility of joining forces with cellphone pioneering firm Clearwire Corp. to finance the build-out of the much-touted WiMAX network. Sprint has already earmarked over $3 billion for its WiMAX infrastructure and it may be hurting for some cash after that expensive buyout. It’s understandable that investors might be a little concerned at the rate that Sprint is burning through cash – which may have motivated Sprint’s search for WiMAX partnerships.

Clearwire Corp. is already a high-speed wireless network operator and puts the company in a position of experience to help Sprint with its inevitable WiMAX growing pains.

Sprint might do well to team up with an experienced operator. Especially since that would take the load off of its cash reserves – we all get a little jumpy when the bank starts to run dry.

[Via:Â PhoneScoop]

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About The Author

Will Park

Will hails from The City of Angels - Los Angeles, California. He spends his time playing with his numerous gadgets and looking forward to seeing what future holds for mobile technology. An avid promoter of a fully "digital" life, he promotes the widespread adoption of truly mobile, paper-less living. He dreams of the day when he can go completely digital. No more snail mail, paper receipts, bound books, notepads/spiral notebooks, credit cards, hard currency. He's a digital warrior - fighting for the converged life. He is an idealist and a realist - he has a perfect view of what the world should be but knows that the world is not perfect. Can we ever hope to see Will's dream become reality? We'll see...