telecommunications — english language news service
25.07.2008« [telecommunications — телекоммуникация — telekommunikation]
usa — sprint nextel to sell 3,000 towers to cut debt
Ailing US mobile operator Sprint Nextel has announced it is selling more than 3,000 cell phone towers in a cash deal that will bring in USD670 million to help trim group debt. The company announced yesterday it will sell most of the towers to TowerCo and will then lease access on the towers to run its cellular phone network as well as build the new 4G WiMAX network it is developing with Clearwire. The final number of towers being sold under the plan has not been revealed and the final price will not be published until the deal closes in about 90 days. The proceeds from the sale will be used to help reduce Sprint Nextel’s USD24 billion of debt.
Source: TeleGeography's CommsUpdate
clearwire
Clearwire Corporation builds and operates wireless broadband networks that enable Internet communications. Its wireless broadband networks cover entire communities and deliver a high-speed Internet connection that not only creates a new communications path into the home or office, but also provides a broadband connection anytime and anywhere within its coverage area. It offers services in both domestic and international markets. The Companys services consist primarily of providing wireless broadband connectivity, but in some of its domestic markets, it also offers voice-over Internet protocol (VoIP) telephony services. Its service revenue accounted for all its revenues during the year ended December 31, 2007.
sprint nextel
Sprint Nextel Corporation (Sprint Nextel) is a global communication company offering a range of wireless and wireline communications products and services for individual consumers, businesses and government customers. The Company conducts its operations through two segments: Wireless and Wireline. The Company, together with three third party affiliates (PCS Affiliates) offers digital wireless service in all 50 states, Puerto Rico and the United States Virgin Islands under the Sprint brand name utilizing wireless code division multiple access (CDMA) technology. The Company offers digital wireless services under its Nextel brand name using integrated digital enhanced network (iDEN) technology. It also offers wireless services that focus on the youth market, including its Boost Mobile prepaid wireless service on its iDEN network and Boost Unlimited, a local calling prepaid service on its CDMA network. On August 1, 2007, the Company acquired Northern PCS Services, LLC.
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