Clearwire (Nasdaq: CLWR), cable's most prominent next-generation mobile wireless play--OK, excluding Cox and probably Cablevision Systems (NYSE: CVC)--is down for the count and the only remaining question is "what will happen to its valuable spectrum assets," a damning analysis by Gerson Lehrman Group (GLG) contends.
"Its major partners from its majority owner Sprint (NYSE: S) to its other investors and MVNO partners in the cable industry have surely come to accept this outcome by now, which has been underlined by the recent resignations of three major executives, including the CEO, either for "personal reasons" or to "pursue other opportunities," the analysis continues.
The big question is what will become of the 120 MHz of 2.5 GHz spectrum Clearwire holds--"more than the total spectrum held by either Verizon Wireless or AT&T," the analysis continues, noting that the spectrum is "being essentially wasted" when the U.S. is facing a spectrum shortfall.
- see this report
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