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Well, what do you know? Sometimes even the the most repetitive of rumors finally comes true. Barely 12 hours after the Wall Street Journal reported that a deal between Sprint, Clearwire and just about everyone else was dangerously close to going down, it seems as if the bottom lines have indeed been signed. Details are pretty light at the moment, but we definitively know that Sprint Nextel Corp. and Clearwire Corp. will be merging their “next-generation wireless broadband businesses to form a new wireless communications company.” Quite simply, the new outfit will be called Clearwire, even though Sprint will hold around 51-percent of the firm, while existing Clearwire shareholders will own 27-percent and the new investors will hold 22-percent. New investors? Ah yes, Intel, Google, Comcast, Time Warner Cable and Bright House Networks will collectively invest $3.2 billion in the new company, but that figure is “based on a target price of $20 a share of Clearwire’s common stock, and is subject to a post-closing adjustment.”

[Via CNN]

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We’ve definitely heard this one before, but the buzz around a proposed $12B WiMAX partnership between Sprint, Clearwire, Comcast, Time Warner Cable, Intel, and Google is deafening right now, all based on a report in the Wall Street Journal. The plan is for Sprint to merge its XOHM wireless broadband division with Clearwire, and then take a total of $3.2B in investments from a host of other players: $1.05B from Comcast, $1B from Intel, $550M from Time Warner Cable, $500M from Google, and $100M from Bright House. The resulting company will be worth some $12B, and the WSJ says investors have given their final approval for the deal — a rumor we’ve already heard with no meaningful result, so take it with a grain of salt. Or a whole salt lick, actually. We’re not certain why Big Cable is so eager to dump money on Sprint after two previous ventures both folded recently, but if this goes down, it’s a pretty big boost for WiMAX, which was looking pretty sickly lately. Still, asking consumers to have faith in Sprint and Comcast and Time Warner Cable is pretty ballsy — between the three of them, they’ve probably burned everyone in America. We’ll see where this goes — we should have something official pretty soon, according to the Journal.

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It looks like the price was right, because that possible deal mentioned by Verizon CEO Ivan Seidenberg a while back to supplant Sprint as Qwest’s wireless provider of choice has now materialized in the form of a gargantuan five-year deal. From what little has been said so far, it seems that the company might be abandoning the MVNO model it currently uses with Sprint and will simply be marketing Verizon Wireless devices through its website, telesales, and in-store channels, giving customers the option of being billed directly by Big Red (how very kind of them!) or having the charges bundled in with the remainder of their service. Also remaining to be seen is how the transition of Qwest’s existing Sprint-based customers — some 800,000 of them — would be transitioned, if at all. More details are expected to emerge during its earnings call on Tuesday, and we’d imagine current Qwest wireless customers are on the edges of their seats.

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We’d take this with half a tablespoon of salt for now, but The Wall Street Journal is reporting that Sprint-Nextel Corp. is “seriously considering spinning off or selling its ailing Nextel unit.” That’s according to undisclosed people “familiar with the situation,” though Sprint did decline to comment on whether it actually was considering a sale of Nextel. Also of note, Cyren Call is reportedly attempting to “assemble a consortium of investors to acquire Nextel as part of its plans to create a nationwide wireless network for public safety communications,” and while it can’t be confirmed, we are hearing that Sprint is “contemplating other possible buyers such as private equity firms.” Still, these same sources made clear that “no deal was imminent and that Sprint was preoccupied for the moment with other matters.” It’s no secret that the firm would be way more attractive to suitors (read: Deutsche Telekom) if the flagging Nextel division was detached from the deal, but we guess we’ll have to wait and see how it all plays out. [Warning: read link requires subscription]

[Thanks to everyone who sent this in, image courtesy of Flickr]

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So much for Sprint’s claim that the April launch date was still on, eh? Turns out Sprint has now officially delayed the introduction of its BlackBerry Curve 8330 on the grounds that it has a “desire to conduct additional testing to ensure a high-quality user experience for all functionality of the [phone], including exclusive Sprint services like Sprint TV and Sprint Music Store.” We guess we’re willing to wait a few weeks to get all the bugs ironed out, sort of. Hang tight, folks.

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Sprint contacted us today to let us know that it owns the exclusive North American rights to Qualcomm’s QChat PTT technology, which raised a very interesting question: what the heck is Verizon using, then? PhoneNews is suggesting that Big Red’s actually using an upgraded version of BREWChat, Qualcomm’s old-skool PTT system that had originally been developed for and deployed on 1x networks. If true, that’d be a big ol’ scoop of irony, considering that BREWChat had been billed all along as a precursor to QChat that would offer seamless upgrades to the newer system — but since Sprint scored exclusivity on it, it’s possible that Qualcomm is doing everything it can to skirt the issue and score some extra cash by hooking up BREWChat with some of its newer technology’s goodies. We’ll update this one as we know more.

[Via phoneArena]

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Looks like we might all be waiting just a few more weeks before we’re given the green light to descend into the next generation of push-to-talk nirvana (or hell, depending on your perspective). phoneArena is claiming that the national release of Sprint’s QChat-powered PTT system — and the phones to go along with it — has been pushed back to June 15, though it’s not known whether the delay’s due to technical issues, a desire to have all of the new phones available on shelves at once, CEO Dan Hesse’s whim, or something else entirely. For what it’s worth, business customers in Denver and Kansas City already have access to the Sanyo PRO handsets, so you guys should really revel in your exclusivity while you still can.

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We’re not exactly willing to sign up for even more punishment at the hands of Comcast, but all you masochists in the crowd should take note: GigaOm is reporting that the cable giant is “serious” about offering wireless services and has hired former Telefonica O2 Europe CTO Dave Williams to make it happen. It’s not clear what type of wireless is being considered, but it’s a good bet Sprint will be involved somehow: Comcast is still in that goofy partnership with Sprint called Pivot that hasn’t gone anywhere, the two companies are rumored to be talking about a nationwide WiMAX network, and GigaOm thinks there’s a chance it could up and buy the stuggling carrier outright. That would be quite a move, but it’s all just speculation for now — we’ll let you know if we hear anything solid.

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Wow, it looks like someone was listening when we said that Pivot wasn’t going anywhere just an hour ago — Comcast, Time Warner (Engadget’s parent company) and Cox have all confirmed to the AP that they’ve backed out of the quad-play partnership, leaving Sprint alone to awkwardly hang out with Advance / Newhouse, which declined to comment. That must be a fun party. Of course, this also means both of the partnerships Sprint and Big Cable got into have now failed, but that doesn’t mean the competition in the space is over: both Time Warner and Cox say wireless is still in the cards for their companies, but Pivot was just too complicated a venture. Comcast hasn’t said anything yet, but promised a comment tomorrow sometime between 7AM and 11PM.

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As unlikely as this sounds, rivals Time Warner Cable and Comcast are apparently in talks with Sprint and Clearwire over establishing a nationwide WiMAX network. According to a report in the Wall Street Journal, the companies are scrambling to get a deal wrapped up by CTIA — which takes place at the beginning of April — and could see an influx of cash from both Google and Intel in excess of $1 billion. It seems the odd-couple partners are keen to cut into heavyweights Verizon and AT&T’s ever-expanding range of at-home and mobile services by offering their own take on a high-speed data and voice system to consumers. Clearly this combination would deflate AT&T and Verizon’s big FCC bandwidth-nabs a little (and it explains why the cable players weren’t interested in the 700MHz auction), but it’s questionable whether this rag-tag team of wild card players would seriously court the public’s eye. They say America loves an underdog — even if it’s a gigantic, super-rich, corporate underdog.

source:engadget