Sprint talks heat up Clearwire
Clearwire (CLWR) surged Tuesday on reports that the wireless company’s partnership with Sprint Nextel (S) may be resurrected. The Wall Street Journal reported that Sprint has resumed talking with Clearwire about a deal that would bring in outside players such as Intel (INTC) to fund a high-speed network using WiMax technology. The reversal comes just two months after Sprint backed away from an earlier plan to team up with Clearwire on a WiMax project. As Fortune’s Stephanie Mehta pointed out two months ago, the technology has been heavily hyped but so far little deployed. Yet given Sprint’s desperate straits — the company has been losing postpaid wireless subscribers at an alarming clip, and new chief Dan Hesse is expected to roll out another round of layoffs next month — reviving the Clearwire deal makes sense. Sprint, after all, would get help building a service that could help it compete with rivals AT&T (T) and Verizon (VZ) — while buying Hesse time to fix the free-falling cell phone service business. As for Clearwire, it continues to combine the promise of a new wireless technology with the economics of a classic dot-com — so don’t be surprised if Tuesday’s rally fades in coming days.
Sprint has bad attitude.
Few days back i have read a statement from Sprint, which is really against the basic rules of Marketing and Sales. Statement says, “Those who calls customer care(HELP CALLS)should go out of their network”.
First lesson a management graduate learn is “Customer is King”. Sprint rewritten that rule, if customer requires some help, they are bad customers, but want customers money every month.
Unless the new CEO, apologises for this cruel attitude, it cannot control the damage happend, happening and happen.
anonymous-
the assumption on wall street was that hesse was brought in in part to cut costs and that the round announced earlier this month was in the works before he took over. thus there may be more next month when he announces his turnaround plan.
http://money.cnn.com/2008/01/18/technology/sprint_troubles.fortune/index.htm
“new chief Dan Hesse is expected to roll out another round of layoffs next month ”
Excuse me, what was that?
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I think with Intel pushing the new WiMAX chips this year Sprint is going to do just fine. The deal with Clearwire certainly it’s going to give it a boost.
http://www.wimaxed.com