Sprint and Clearwire Merge to Form Next-Gen Wireless Businesses
Quite simply, the new outfit will be called Clearwire, even though Sprint will hold around 51-percent of the firm, while existing Clearwire shareholders will own 27-percent and the new investors will hold 22-percent. New investors? Ah yes, Intel, Google, Comcast, Time Warner Cable and Bright House Networks will collectively invest $3.2 billion in the new company, but that figure is "based on a target price of $20 a share of Clearwire's common stock, and is subject to a post-closing adjustment." [Source: BusinessWire Via CNN]
Reader Comments (Page 1 of 1)
thepugpieper @ May 7th 2008 3:52PM
SPRINT SUCKS....
I can't believe these companies joined together....Spint has been shady in dealings with it's wireless customers and has a horrible customer service record.
All I forsee with this merger of these companies is a big loss for all those involved except for Sprint who will suck their money dry!
Max @ May 7th 2008 5:42PM
I just purchased a Sprint cell phone on 3-13-08...I went ahead and sent
in a half pmt on my account, since I had recently had a heart attack & I
was trying to show an effort that I wanted to keep my phone in service.
As of 4-15-08 they shut my service OFF..... I had also placed a $100
deposit, since my credit was not too good.....But I tried to make a pay
ment as well as calling them and being treated very rudely by Op #858
by the name of Kelly, then on 4-23-08 I got a collection letter. Then I
got a email asking if I wanted to payment resolution opportunity??? If
they have a deposit of $100.00 the amount that was over due was only
$ 25 dollars plus they added the month that I was cut off making me
have a balance of 83.59......If they cut me off just barely having the phone
for 30 days, I feel it is an awful way to treat a customer & I did stress I
wanted to keep my account, and do what ever I could. All they wanted
was 83.59 on the spot!!!!!!!! No options then were mentioned to make
any payment arrangements.............Sorry I " E V E R " got sprint.