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Sprint had signed off about 3,000 of their towers for $670 million back in June to TowerCo, who were going to handle the vast majority of Sprint’s backend from then onwards. Well, that deal has been wrapped up with a pretty pink bow, and Sprint has successfully bought the time it desperately needs to fend off increasing losses. The iDEN network is still up for grabs, but if this WiMAX project can get off the ground, it may prove to be a much-needed ace up the sleeve. Sprint continues to put a positive spin on the whole sale.
“Leasing rather than owning these network facilities is a more efficient use of resources and allows us to focus more closely on our core business of providing communications services to our customers,” said Bob Azzi, Sprint senior vice president – Network Services. “This deal also gives Sprint additional liquidity and greater flexibility in managing our business.”
[via Sprint]
About The Author
Simon Sage
Simon Sage’s education largely surrounded writing, technology and online community, leading him to begin his blogging career at www.BlackBerryCool.com and to quickly discover a vibrant and active community surrounding BlackBerry and mobile technology. In exploring RIM’s platform, he has learned what enterprises are looking for in mobility as well as what makes the innocuous BlackBerry so appealing to them. Recently Simon’s been covering RIM’s gradual move into an already-crowded consumer market, and the impact of burgeoning challengers, such as the iPhone, as well as long-time leaders, like Nokia, on BlackBerry’s advancement. With plenty of content under his belt, Simon will be branching off a bit to see what other smartphone manufacturers are working on while still using BlackBerry as a barometer. At IntoMobile, you can count on his posts being even-handed, well-informed and thought-out.
