Showing posts with label Sprint. Show all posts
Showing posts with label Sprint. Show all posts
Tuesday
Sprint Ramps LTE with 100-City Rollout
Sprint plans to turn on its LTE network in more than 100 new cities in the coming months as it moves aggressively to catch up with Verizon Wireless and AT&T.
The operator said Monday construction was underway in markets including Boston, Chicago, Indianapolis, Los Angeles, New Orleans, New York, Philadelphia and Washington, D.C.
Installation of LTE equipment is in "various stages" in every city, Sprint Communications Manager Heather Wong said in an interview. Specific launch dates have not been announced. A full list of the cities is available in Sprint's announcement.
"We're definitely on track in our plans," Wong said. Sprint expects to have its LTE buildout largely completed by the end of next year along with the rest of its network modernization efforts.
The 100-city rollout is a considerable ramp from Sprint's current 19-city LTE footprint. Verizon Wireless' LTE network is available in more than 370 markets and AT&T's LTE service is live in about 60 markets.
Investors are keeping a close eye on Sprint's execution of the complex network overhaul, which has it simultaneously decommissioning its iDEN network and replacing its base stations with new multimode equipment that supports LTE.
The operator, which carries a significant amount of debt on its balance sheet, is hinging its turnaround efforts on network improvements and the LTE deployment.
The operator said Monday construction was underway in markets including Boston, Chicago, Indianapolis, Los Angeles, New Orleans, New York, Philadelphia and Washington, D.C.
Installation of LTE equipment is in "various stages" in every city, Sprint Communications Manager Heather Wong said in an interview. Specific launch dates have not been announced. A full list of the cities is available in Sprint's announcement.
"We're definitely on track in our plans," Wong said. Sprint expects to have its LTE buildout largely completed by the end of next year along with the rest of its network modernization efforts.
The 100-city rollout is a considerable ramp from Sprint's current 19-city LTE footprint. Verizon Wireless' LTE network is available in more than 370 markets and AT&T's LTE service is live in about 60 markets.
Investors are keeping a close eye on Sprint's execution of the complex network overhaul, which has it simultaneously decommissioning its iDEN network and replacing its base stations with new multimode equipment that supports LTE.
The operator, which carries a significant amount of debt on its balance sheet, is hinging its turnaround efforts on network improvements and the LTE deployment.
Monday
Sprint's Clearwire Stake Dips Below 50%
Sprint's stake in Clearwire has dropped past the 50 percent mark, allowing the operator to increase its voting rights without taking on Clearwire's default risk.
Sprint sold off 77.4 million voting shares last June to reduce its liability for Clearwire's debt should the company go into bankruptcy, since its majority stake in Clearwire made it vulnerable to claims from creditors.
Recent fundraising efforts by Clearwire have reduced Sprint's economic interest in the company to below 50 percent, from 54 percent a year ago. The change allowed the company to reclaim full voting rights while avoiding cross-default risk.
"Given recent equity issuances by Clearwire, Sprint’s economic interest has declined to below 50 percent," a Sprint spokesman said today in a statement. "Now that our economic interest has fallen below 50 percent, we are reclaiming our full voting rights so that our voting rights and economic rights are once again aligned."
Sprint has bought back all the shares it gave up a year ago, according to a document Clearwire filed this morning with the Securities and Exchange Commission
Sprint sold off 77.4 million voting shares last June to reduce its liability for Clearwire's debt should the company go into bankruptcy, since its majority stake in Clearwire made it vulnerable to claims from creditors.
Recent fundraising efforts by Clearwire have reduced Sprint's economic interest in the company to below 50 percent, from 54 percent a year ago. The change allowed the company to reclaim full voting rights while avoiding cross-default risk.
"Given recent equity issuances by Clearwire, Sprint’s economic interest has declined to below 50 percent," a Sprint spokesman said today in a statement. "Now that our economic interest has fallen below 50 percent, we are reclaiming our full voting rights so that our voting rights and economic rights are once again aligned."
Sprint has bought back all the shares it gave up a year ago, according to a document Clearwire filed this morning with the Securities and Exchange Commission
Thursday
Sprint unveils the HTC EVO 4G LTE, launching in Q2 for $199.99
Tuesday
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