Breaking news, information, and analysis on the latest mobile phones and mobile technology
Cash-strapped Clearwire wants to raise up to $345 million from stock sales as it struggles to keep afloat. On Monday, the company announced it will sell $300 million of its Class A Common Stock to raise money for its LTE network. It will also offer underwriters the option to buy an additional $45 million of its Class A shares. Earlier this month, the WiMAX…
Clearwire may be in a heap of trouble. The wireless carrier is planning to strategically delay paying a $237 million debt payment that is due December 1st says a Wall Street Journal report. The payment would put a significant dent in the company’s cash reserves and hurt future expansion plans. The WiMAX company currently has…
Sprint, America’s third largest operator, has a 54% stake in Clearwire, a WiMAX operator that plans to transition to 4G LTE technology pending their ability to acquire some additional funding. According to Bloomberg, talks are taking place among Sprint and the other Clearwire stakeholders whereby the end goal is to make Sprint the sole owner…
Big changes are stirring at Clearwire as it just announced a new President and CEO. The new position goes to former COO Erik Prusch, and interim CEO John Stanton takes his position as Executive Chairman of the Board of Directors. This is big news in light of the other big news, where Clearwire made it,…
The day has finally come, Clearwire has announced that they’ll switch from WiMAX, the Intel backed 4G standard that no one is supporting, to LTE, which nearly every operator in the world is either in the process of rolling out or has plans to roll out at some point in the future. They didn’t announce…
Clearwire, America’s WiMAX operator that supplies Sprint with their 4G network and is also facing some serious financial woes, has announced a new piece of hardware, the Clear Spot 4G Apollo. It’s a portable WiFi hotspot, meaning it takes the WiMAX signal that’s hopefully in your neck of the woods and converts it to WiFi…
According to a regulatory filing Sprint has reduced their previous 53.7% share in Clearwire to 49.8%. The reason? Investors think Sprint views Clearwire as a subsidiary, something they obviously don’t want because if Clearwire gets into financial trouble, which is very likely, then Sprint would be negatively impacted. “Sprint is proactively providing protection and flexibility…
On June 9th the FCC is going to get together in an open meeting to discuss several proposals. One of those said proposals concerns letting operators in the 2.5 GHz band, in this case Clearwire, use wider channels to deliver service to their customers. If that went over your head then let’s try to tell…
There’s a term in the mobile industry called “hollow operator” that’s used to describe what happens when an operator agrees to let an infrastructure supplier build and manage their network. The operator still calls the shots in terms of dictating which markets get coverage and what sort of performance they should be offering to customers,…
About a month ago we wrote about Packet One Networks, a WiMAX operator in Malaysia that’s been operational for several years and has over 280,000 customers, announcing that they’re going to be transitioning to LTE; we wondered how much longer WiMAX would have left to live. Today we’re finding out that Taiwan’s Global Mobile, who…