How quickly Sprint has gone from cutting jobs to cutting checks. Not 24 hours after announcing plans to sack between 2,000 and 25,000 employees, the company said it has agreed to invest another $1.18 billion in WiMax provider Clearwire. That’s a big check to be writing, but then, Sprint is Clearwire’s majority shareholder and the carrier’s plans for differentiated 4G services rely heavily on the outfit’s success.
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Wireless company iPCS is a legal thorn in Sprint’s side no longer. This morning, Sprint said it would acquire its litigious affiliate for $831 million, including the assumption of $405 million of net debt.
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The cable industry may have finally settled on a wireless strategy–Sprint’s. The Wall Street Journal reports that Comcast, Time Warner Cable and Bright House Networks are discussing a WiMax partnership with Sprint and Clearwire.
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We are now delivering the promise of WiMAX–high-speed, cost-effective wireless broadband access–to businesses and consumers in cities and suburbs around the world.”
– Scott Richardson, general manager of Intel’s Wireless Broadband division, gets a little ahead of himself in November 2005.
Sprint (S) appears to be rethinking its decision to pull the plug on its WiMax joint [...]
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In August 2005, Google acquired a two-year-old start-up called Android. Founded by Andy Rubin, the guy behind mobile-device maker Danger, Android was rumored to have been developing a mobile phone OS. Google never said much about the acquisition or its plans for Rubin, but he’s been on the company’s payroll ever since…
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