Financial problems force cuts at Clearwire, 4G rollout

[boomerbubba]

From PCMag.com:

Cash-Strapped Clearwire Slashes Staff, Halts Roll Outs

Clearwire has run into some money troubles. In a third-quarter earnings report, the company said it has "not yet secured future funding," and must implement a number of cost-saving measures, including layoffs and a suspension of additional market roll outs.

I have to worry about the future of Sprint's 4G network.

 

[Android XTC]

From PCMag.com:

Cash-Strapped Clearwire Slashes Staff, Halts Roll Outs



I have to worry about the future of Sprint's 4G network.

This is not good. Sprint or Time Warner will end up taking them over maybe.

 

[Rigmaster]

Or Sprint could take control and fallout cheaper.

 

[eieio]

From PCMag.com:

Cash-Strapped Clearwire Slashes Staff, Halts Roll Outs



I have to worry about the future of Sprint's 4G network.

Not at all. This is Clear trying to force its investors hands. They want more money and the investors don't want to pony up under the old terms..

So they are trying to rattle the investors cages.. Sad really that they would stoop this low, but it is how business gets done now..

 

[Rigmaster]

They lost Google so that set them back.

 

[RiverOfIce]

They lost Google so that set them back.

Lol. When did they loose google? Clearwire does not roll out or own wimax. For the record. Clearwire could fold and wimax will be just fine. Clearwire is kind of like the buffer zone. Their only job is to promote wimax, they really don't do anything but sell it to customers.

The actually building of the network is done by a lot of different companies.

 

[Rigmaster]

Lol. When did they loose google? Clearwire does not roll out or own wimax. For the record. Clearwire could fold and wimax will be just fine. Clearwire is kind of like the buffer zone. Their only job is to promote wimax, they really don't do anything but sell it to customers.

The actually building of the network is done by a lot of different companies.

Aren't the filings, permits, and a good % of the hardware owned by Clear - more than a little of it is? Yes, Clear has tons of partnerships that help it operate, but they are a separate company and a little more than just a buffer. By losing Google, I'm suggesting that Google is taking a different approach to how they invest and partner with Clear since taking a huge loss on their investments since '08-'09 and extending into this year. Though not Clear's biggest investor, Google's involvement likely carried a lot of weight. Without Google willing to lock arms and be out front on issues with Clear, Clear's growth and expansion have lost some steam.

Wimax will be fine without Clear, but Clear's real contribution is that it also holds/owns a lot of spectrum used by Wimax signal.

It's a tangled web, and my guess is that Clear's become overstretched by trying to be more of a service provider than a distributor to other service providers.

 

[RiverOfIce]

Aren't the filings, permits, and a good % of the hardware owned by Clear - more than a little of it is? Yes, Clear has tons of partnerships that help it operate, but they are a separate company and a little more than just a buffer. By losing Google, I'm suggesting that Google is taking a different approach to how they invest and partner with Clear since taking a huge loss on their investments since '08-'09 and extending into this year. Though not Clear's biggest investor, Google's involvement likely carried a lot of weight. Without Google willing to lock arms and be out front on issues with Clear, Clear's growth and expansion have lost some steam.

Wimax will be fine without Clear, but Clear's real contribution is that it also holds/owns a lot of spectrum used by Wimax signal.

It's a tangled web, and my guess is that Clear's become overstretched by trying to be more of a service provider than a distributor to other service providers.

I am going to go with, no? None of what you said is remotely true or even based on facts. Clear was formed out the wimax group. It was never a part of it. Clear owns how the frequency gets used but not the frequency. Clear was created by the wimax group to roll out mobile broadband. It has very little to do with the actual builds, when they are built, who builds them. Sprint actually decides most of that. Clear is a corporation of corporations. Kind of like a coop. Clear is just the retail face of the wimax group. Like most retail groups, besides money, they dont actually do anything.

 

[Rigmaster]

I am going to go with, no? None of what you said is remotely true or even based on facts. Clear was formed out the wimax group. It was never a part of it. Clear owns how the frequency gets used but not the frequency. Clear was created by the wimax group to roll out mobile broadband. It has very little to do with the actual builds, when they are built, who builds them. Sprint actually decides most of that. Clear is a corporation of corporations. Kind of like a coop. Clear is just the retail face of the wimax group. Like most retail groups, besides money, they dont actually do anything.

Not sure why you think it's unfounded. This is common investor news listed by lots of credible tech investment news sites. Even Clearwire has announced it's intention to sell spectrum. They couldn't do that if it wasn't their's to sell. Clear bought spectrum because AT&T was forced to sell spectrum to complete the merger with BellSouth, and much of that spectrum was in the southeast where BellSouth was dominant. Clearwire at one point that I think still remains today the 2nd largest holder of 2.5Ghz spectrum behind only Sprint.

Clearwire announced intention to try to auction 40 megahertz of its spectrum in major markets in an effort to raise $2.5-5B in capital to address it's financial troubles. Clearwire operates Sprint's Wimax network. Sprint and Clear combined operations in 2008, and Sprint has since become the majority stakeholder. That's all information you can find on Clearwire's own, Bloomberg, Reuters, Thompson, EdgarOnline, or numerous online sites.

Clearwire owns 100-150 megahertz of spectrum depth in the markets, which is why it has room to sell. Among the companies Clearwire believes are interested in that purchase is, none other than, Sprint. Of course other carriers are too, but this is Clearwire trying to operate as a company independent of what majority stakeholder Sprint desires.

Clearwire was pre-Wimax and was joined with XohM (Sprint) so they could accelerate Wimax development and deployment.