Okay, maybe the sky is falling for Sprint. According to the WSJ, Sprint’s board is looking at several hard choices regarding their risk-laden WiMax venture, one of which is to spin off the WiMax unit to merge with frenemy Clearwire, forming an entirely new public company. For investors, this might be a sweet spot because it’d ease WiMax doubters‘ minds (and wallets) while the more daring money-flingers can throw capital at it to their hearts’ content.
https://gizmodo.com/sprint-earnings-report-not-so-great-but-the-skys-not-317923
Other possibilities include enticing new investors to pump more cash into their WiMax division, buying Clearwire or locking up their sort-of deal from earlier this summer. But, anything involving fireworks will have to wait until a new, permanent CEO jumps into the mix, which could take a while. [WSJ]
https://gizmodo.com/the-sprint-ceo-troubles-have-come-to-a-head-as-ceo-cha-308442
