Wednesday, March 9, 2011

Sprint (S) Committed to Clearwire (CLWR) Says CEO

Saying Clearwire Corp. (NASDAQ:CLWR) is part of “every option” for Sprint’s (NYSE:S) future, and all aspects for fourth-generation WiMax technology involves the wholesale, with Chief Executive Officer Dan Hesse saying the company remains committed to them.

Hesse added he’d like to see Sprint do more network sharing with Clearwire, which sells capacity from its own network to Sprint and other carriers. He spoke today at the Deutsche Bank AG Media & Telecom Conference in Palm Beach, Florida. Clearwire is 54 percent owned by Sprint.

Deutsche Telekom AG has held talks to sell its T-Mobile USA unit to Sprint in exchange for a major stake in the combined entity, according to people with knowledge of the discussions.

Deutsche Telekom and Sprint haven’t been able to agree on a valuation for T-Mobile USA, the fourth-largest U.S. wireless carrier, the people said. Hesse declined to comment on speculation about any such transactions.

Clearwire was trading at $5.38, up $0.18, or 3.56 percent, as of 2:10 PM EST. Sprint was at $4.68, down $0.02, or 0.53 percent.





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