Sprint’s CEO Says Clearwire in ‘Every Option’ for Future
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.
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