BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Sprint's Hesse looks to restructure WiMAX arrangement]]>http://www.bloggingstocks.com/2008/01/30/sprints-hesse-looks-to-restructure-wimax-arrangement/http://www.bloggingstocks.com/2008/01/30/sprints-hesse-looks-to-restructure-wimax-arrangement/http://www.bloggingstocks.com/2008/01/30/sprints-hesse-looks-to-restructure-wimax-arrangement/#commentsFiled under: ,

Sprint Nextel Corporation (NYSE: S)'s Dan Hesse hasn't been the CEO for very long, but he's wasting no time making a bunch of changes at the beleaguered wireless company. First off, he announced a slew of layoffs and three executive dismissals as a way to cut costs and bring in fresh blood to the company.

One of the last straws Hesse needed to address concerned the company's 2006 commitment to rolling out a nationwide WiMAX next-generation wireless data network in the U.S.

At the time, Sprint was seen as a pioneer in bringing anywhere, anytime high-speed data to most of the U.S. with its $5 billion commitment. As 2007 brought customer defections and hundreds of thousands of customer losses and missed profit targets, those plans were scaled back -- some called for them to be scrapped entirely -- so Sprint could focus on its core business: wireless voice service.

Hesse is apparently not going to let the naysayers get away with having Sprint just toss out its grand WiMAX ambitions, and Sprint may now be in talks with Clearwire Corporation (NASDAQ: CLWR) to form a joint venture in a new WiMAX venture that would bring in outside money to help with the rather large capital expenditure that Sprint investors and pundits have been worried about in the wake of losing customers -- big time -- to its competitors. If Sprint can form a joint venture and bring in partners such as Google, Inc. (NASDAQ: GOOG) and retailer Best Buy, Inc. (NYSE: BBY), then its WiMAX plans may indeed have some life left.

Sprint's Hesse looks to restructure WiMAX arrangement originally appeared on BloggingStocks on Wed, 30 Jan 2008 15:18:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>ClearwireDan HesseDanHesseSSprint NextelSprint WiMAXSprintNextelSprintWimaxWiMAXWed, 30 Jan 2008 15:18:00 EST<![CDATA[Sprint to spin off its WiMAX business?]]>http://www.bloggingstocks.com/2007/12/06/sprint-to-spin-off-its-wimax-business/http://www.bloggingstocks.com/2007/12/06/sprint-to-spin-off-its-wimax-business/http://www.bloggingstocks.com/2007/12/06/sprint-to-spin-off-its-wimax-business/#commentsFiled under: ,

After Sprint Nextel Corp. (NYSE: S) announced recently it would cease the buildout of its national 4G wireless network that was being constructed with WiMAX technology, many industry pundits wondered where that part of Sprint's business would end up.

After all, the wireless carrier has lost hundreds of thousands of customer in the last four quarters, has booted its CEO amid falling revenues and profits and seems to have lost focus of its core operation -- providing wireless service on its national network (not building a new one with billions of dollars).

Sprint has already dumped quite a bit of cash into the now-on-the-sideline WiMAX end of its business, and several rumors have surfaced on what the company planned to do with it now that it's returning its focus to restoring revenue and profit to its struggling wireless voice business. What to do? How about spin off the WiMAX end into another separate company?

Continue reading Sprint to spin off its WiMAX business?

Sprint to spin off its WiMAX business? originally appeared on BloggingStocks on Thu, 06 Dec 2007 13:22:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>paul salehPaulSalehSSprint NextelSprint WiMAXSprint WiMAX spinoffSprintNextelSprintWimaxSprintWimaxSpinoffWiMAXThu, 06 Dec 2007 13:22:00 EST