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Sprint announced today that it has acquired the 50 percent stake in Clearwire it does not currently own for $2.97 per share, equating to a total payment to Clearwire shareholders, other than Sprint, of $2.2 billion. Currently, Clearwire has more than 16,000 WiMAX sites on the air nationwide. Recently, Sprint and Clearwire have been discussing… Continue »
In the high stakes chess game of wireless spectrum, the moves in 2012 have come at an every greater rate. Last week, the FCC unanimously approved freeing up 30 MHz of satellite spectrum, owned by Dish Network, and the 10-megahertz H Block for land-based mobile broadband, including 4G LTE, by removing regulatory barriers that limited… Continue »
NewCore Wireless, a hosted wireless service provider that is owned by and serves rural operators, has selected Ericsson as its LTE vendor. Ericsson will supply its Evolved Packet Core LTE solution to NewCore, along with an LTE radio access network to New Core Wireless’ partner rural operators. NewCore will work with Ericsson and wireless system… Continue »
President Obama signed an executive order in June facilitating the deployment of broadband infrastructure on federal lands, buildings and rights of way, among other areas, particularly in underserved communities. The federal government has a wealth of possibilities for infrastructure development; it controls nearly 30 percent of all land in this country, owns thousands of buildings… Continue »
The “Middle Class Tax Relief and Job Creation Act of 2012” was passed by Congress in February with an amendment of great interest to the tower industry. It will streamline the process of modifying wireless by eliminating municipalities’ ability to deny modifications to wireless towers that don’t change the physical dimensions of the site. President… Continue »
SoftBank invested $20.1 billion in Sprint Nextel in October, consisting of $12.1 billion to be distributed to Sprint stockholders and $8.0 billion of new capital to strengthen Sprint’s balance sheet. Softbank Mobile, which has more than 25 million users, operates a TDD LTE system using macro, micro and femtocells in the 2.5 GHz band. It… Continue »
