American cell phone carrier, Sprint Nextel Corp., is considering
restructuring its wireless broadband division through a merger
with its WiMAX partner, Clearwire, according to a recent report
in the Wall Street Journal.
Sprint and Clearwire agreed this
share WiMAX networks once the technology is commercialized,
and had been expected to reach a formal partnership by
midSeptember. The two companies are still “in discussions,”
however, according to Sprint’s acting CEO, Paul Saleh.
The Wall Street Journal reported that Sprint is considering
numerous options, including spinning off its WiMAX unit and
merging it with Clearwire to create a new public entity. Other
possibilities include attracting a new strategic investor,
acquiring Clearwire, or finalizing the original networksharing
Sprint has been losing highvalue postpaid cell phone
subscribers for the past several months, and has been criticized
by analysts and shareholders for its plan to invest $5 billion
in the largely unproven WiMAX market over the next three years.