Clearwire's big payday on Tuesday, when it raised US$734 million through a stock offering and a new investment by majority owner Sprint Nextel, helped the WiMax carrier but didn't seal the deal on its planned LTE network.
The U.S. Department of Justice will file a motion to stay or dismiss its lawsuit to block AT&T's acquisition of T-Mobile USA because the agency believes there's no deal pending, a lawyer for the DOJ said Friday.
Clearwire plans to raise as much as $345 million in stock transactions to help fund its LTE (Long Term Evolution) network deployment and other activities.
At least one of the cable operators that struck a wireless spectrum deal with Verizon on Friday now plans to stop reselling WiMax mobile service from Clearwire.
Sprint Nextel may help finance Clearwire's LTE network and keep offering WiMax service through 2015 under a set of agreements worth as much as US$1.6 billion that the companies laid out on Thursday.
Mobile telecom trade group CTIA and the Entertainment Software Rating Board (ESRB) will roll out a rating system for mobile applications similar to ratings on other electronic games, the groups announced Tuesday.
Cox Communications, which planned its own mobile network in 2008 but later settled for reselling Sprint Nextel service, stopped selling wireless altogether on Wednesday.
Steve Jobs initially hoped to create his own network with the unlicensed spectrum that Wi-Fi uses rather than work with the mobile operators, said wireless industry legend John Stanton.
AT&T's assertions that its planned acquisition of T-Mobile USA will create up to 96,000 new U.S. jobs are "completely unfounded" and contrary to past evidence of similar mergers, one economist said Tuesday.
AT&T has pushed back the expected date of its proposed US$39 billion merger with T-Mobile USA, saying now that the deal will close in the first half of 2012.
A judge in the U.S. on Wednesday allowed parts of C Spire Wireless and Sprint Nextel's lawsuits against AT&T's proposed US$39 billion acquisition of T-Mobile USA.
WiMax carrier Clearwire has stopped selling postpaid service plans and dual-mode 3G-WiMax client devices, two moves that make it less of a competitor to its main wholesale customer, Sprint Nextel.
Cooperation between Sprint Nextel and Clearwire on LTE should help to bring two versions of that technology together, leading to increased device choices and roaming opportunities for subscribers in developed markets.
The U.S. Federal Communications Commission has voted to overhaul a decades-old system of telephone subsidies in rural areas, with the funding refocused on broadband deployment.
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.
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