Friday, October 26, 2012

Clearwire slows down on LTE goal

Virtually all major carriers have adapted 4G LTE and Clearwire announced their plan to convert to LTE a few months ago. Originally they stated that they’d have 5,000 cell sites upgraded by the mid part of 2013, but now they plan to scale that number back to 2,000 sites. This is a direct result of the recent Sprint acquisition by Softbank and rumors circulating that Sprint will acquire Clearwire now. Last week Sprint purchased more Clearwire stock giving them majority control with a 53 percent voting stake in the company. Clearwire CEO Erik Prusch stated in a conference call "We want to make sure our LTE network is built in conjunction or alignment with Sprint introducing devices capable of using it.”