The Wall Street Journal posted an article yesterday saying that Sprint is considering letting T-Mobile USA invest in Clearwire, Sprint’s 4G WiMAX partner. Sprint currently owns 54% of Clearwire. Everyone knows Clearwire is in desperate need of cash to continue building out its network, and allowing T-Mobile USA to invest would give them some of that needed money.
Some of the members of Sprint’s Board of Directors are opposed to the idea:
“Some Sprint directors are fighting hard against a T-Mobile USA investment in Clearwire, one person familiar with the matter said. Giving T-Mobile a big Clearwire stake means “making a competitor stronger in an area of competitive advantage” for Sprint, this person said. Directors “are still struggling” with choosing their Clearwire investment strategy and haven’t set a deadline for a decision, another person familiar with the matter said. Sprint CEO Dan Hesse has yet to endorse a particular approach, people familiar with the matter said.”
Which side are you on? Do you think this would be a good or bad idea?
Source: WSJ via DSLReports