Sprint Nextel and Clearwire plan to make their future LTE networks work together and are working on a commercial agreement under which Sprint would use Clearwire's network for extra capacity.
All-you-can-eat data ran up against booming demand this week as Sprint Nextel became the last big U.S. carrier to end unlimited mobile broadband plans. But those unlimited plans may come back -- some day.
Shares of Sprint Nextel and Clearwire plummeted on Friday after Sprint laid out plans to build its own LTE network, leaving the ailing Clearwire alone to fund and build LTE itself.
WiMax carrier Clearwire's so-far-unfunded plan to adopt LTE faces several obstacles, but the company effectively doesn't have a choice, according to industry analysts.
LTE (Long Term Evolution) has picked up steam in the last few weeks, with operators moving forward and auctions taking place, helping the technology become a global standard.
So Clearwire has confirmed that it's looking to deploy an LTE network alongside its WiMax one, but there's a big catch: The service provider needs more cash.
Clearwire plans to deploy an LTE network in addition to its existing WiMax system but estimates it will need to raise about US$600 million to do so.
WiMax mobile operator Clearwire plans to add equipment to its network that can use LTE-Advanced, the next generation of LTE technology, the company announced Wednesday.
Sprint Nextel is a wholesale customer of Clearwire's WiMax service but will itself become a wholesale provider of the service to other carriers.
Sprint Nextel's deal with LightSquared to build and run its LTE network for more than US$13 billion in cash and credits all comes down to money.
Customer care calls for WiMax operator Clearwire will go to the Philippines after TeleTech Holdings, the outsourcing company that Clearwire hired last month, closes down the carrier's former call centers in the U.S.
Sprint Nextel has given up its majority voting power at Clearwire to defuse investors' concerns about the danger to Sprint if Clearwire defaulted on its debt.
Clearwire is outsourcing day-to-day customer care to TeleTech Holdings, shifting about 700 employees to the company, in its latest move to cut costs.
Clearwire is outsourcing the management of its network to Ericsson for seven years in a bid to cut its operating costs.
WiMax service provider Clearwire posted record subscriber growth of 1.8 million in the first quarter and said it no longer plans to sell radio spectrum this year to raise money. Nevertheless, it reported another substantial quarterly loss.
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