Chief Executive Officer Dan Hesse said Sprint Nextel Corp. (S) remains committed to Clearwire Corp. (CLWR) and that “every option” for Sprint’s future involves the wholesaler and fourth-generation WiMax technology.
Hesse said he’d like to see Overland Park, Kansas-based Sprint do more network sharing with Clearwire, which sells capacity from its own network to Sprint and other carriers. He spoke today at the Deutsche Bank AG Media & Telecom Conference in Palm Beach, Florida. Clearwire is 54 percent owned by Sprint.
Deutsche Telekom AG (DTE) has held talks to sell its T-Mobile USA unit to Sprint in exchange for a major stake in the combined entity, according to people with knowledge of the discussions, as Bloomberg reported yesterday.
Deutsche Telekom and Sprint haven’t been able to agree on a valuation for T-Mobile USA, the fourth-largest U.S. wireless carrier, the people said. Hesse declined to comment on speculation about any such transactions.
Sprint may consider a “spectrum hosting” agreement with Kirkland, Washington-based Clearwire, Hesse said. Clearwire said in November it was delaying introduction of a Clear-branded phone and paring 15 percent of its workforce to save as much as $400 million.
Sprint was unchanged at $4.70 at 4 p.m. in New York Stock Exchange composite trading. Clearwire rose 19 cents, or 3.7 percent, to $5.38 on the Nasdaq Stock Market.
To contact the reporter on this story: Gregory Bensinger in New York at email@example.com
To contact the editor responsible for this story: Peter Elstrom at firstname.lastname@example.org