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Rawvega

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Posts posted by Rawvega

    Sprint sells Clearwire Shares to reduce voting rights

    in General Topics

    Posted

    According to this link: http://finance.yahoo.com/news/sprint-says-no-longer-clearwire-141552220.html Sprint seems to have increased, not reduced their voting rights.

     

     

     

    NEW YORK (Reuters) - Sprint Nextel Corp (NYS:S) said on Monday it no longer has a majority stake in Clearwire Corp (CLWR) and as a result was able to increase its voting rights in the venture without risk of a default trigger on its own debt.

    Last year Sprint, the biggest shareholder in Clearwire, reduced its voting shares in the company to below 50 percent in order to avoid any risk of a default trigger on its own debt at a time when Clearwire faced a possible loan default.

    Because of recent equity that Clearwire issued, Sprint said its economic interest has declined to below 50 percent, giving it leeway to make its voting interest in line with its economic interest in Clearwire.

    "Now that our economic interest has fallen below 50 percent, we are reclaiming our full voting rights so that our voting rights and economic rights are once again aligned," a Sprint spokesman, Scott Sloat, said.

    Sprint shares were unchanged at $2.98, while Clearwire added 1 cent at $1.20.

    (Reporting By Sinead Carew; editing by Jeffrey Benkoe)

    • Like 4

    HTC EVO 4G LTE

    in HTC

    Posted

     

    Also, on the east side, there is probably limitations so as to not interfere with the British Isles. If my VI geography from memory is accurate.

     

    Robert via Galaxy Nexus using Forum Runner

     

    Does that work both ways though? I've read over on city-data about people with AT&T inadvertently getting roaming charges from some carrier(s) in the BVI.

     

    Sent from my PG41200 using Tapatalk 2

    HTC EVO 4G LTE

    in HTC

    Posted

     

     

    Yeah the more east you go the worse the signal will get and as far as sprint adding a tower or two more that will probably never happen. With 75% of St. John being a national park it makes the other 25% of the land insanely valuable and it would definitely not be worth it for sprint to find somewhere to put a tower when the relatively small population of residents lives mostly on the cruz bay side anyway. So sprint really would have no incentive to really put towers any where else..

     

    Yeah you're right that Sprint would have little incentive to pay the exorbitant costs to build new cell towers on STJ. I was just thinking that in better times perhaps there might be towers from at&t and/or this Choice company that Sprint could co-locate on, but it's definitely not something that I'd hold my breath for.

     

    Sent from my PG41200 using Tapatalk 2

    HTC EVO 4G LTE

    in HTC

    Posted

    There is only one tower on saint john. Coverage is very spotty.

     

    Coverage on saint thomas was much better. Everywhere seemed to have 1-2 bars, which I thought was interesting. I loved the giant SPRINT sign at the Sprint store on saint thomas. Impossible to miss. Speeds everywhere were basically 1x speeds. Perfect for emails/calls... so I wasn't really complaining.

     

    Yeah I noticed the one tower thing in the interactive maps. Kinda shameful, but what can ya do...I'd like to think that whenever they're able to turn on 800MHz there that coverage even from just that one cell site should be strong in Cruz Bay. Hopefully, if and when Sprint is able to turn around their finances and start posting a profit maybe they'll add just a couple more cell sites to St. John....

    HTC EVO 4G LTE

    in HTC

    Posted

    Yes, we'll be staying in Cruz Bay though I do want to trek through the National Park and explore as far east on the island as time will allow. However, I have no expectation (or real desire) to use my cell phone during my exploration. Someone I know who has made a couple of jaunts there says that I may (or may not) roam on some carrier called "Choice" (I think) once I venture out of the native Sprint coverage in Cruz Bay. If so, cool. If not, I don't think I'll mind too much.

    HTC EVO 4G LTE

    in HTC

    Posted

     

     

    I am in the USVI every single month for one reason or another on business(I was born and raised there as well) and I can tell you that upgrades are definitely needed. As far as coverage goes, its actually pretty decent if you are on St. Thomas, if you are going to St. John or St. Croix its basically hit or miss' Hell I can be 15 miles out to see fishing for tuna and king fish and still get coverage. Now during peak hours of the day there tends to be quite a bit of dropped calls and 3g can be non existent. Now most, if not all buildings there are made out of concrete so if you are somewhere like in an interior room then signal strength can drop of very quickly. So if you are gonna go there make sure you leave any positive expectations about sprint at the door or else you will be highly disappointed.

     

    Good info muffinman. I hope to spend most of my time on STJ and some on STT. At this juncture I have no plans to visit STX, but of course plans are always subject to change. I've heard that the quality of life could decline very rapidly on STX due to the recent closing of Hovensa....

     

    If you don't mind me asking, what kind of business are you in that let's you be fortunate enough to get down there so often?

     

    Sent from my Mean Evo 3D using Tapatalk 2!

    HTC EVO 4G LTE

    in HTC

    Posted

     

     

    Speaking of USVI - they are in MAJOR MAJOR need of network upgrades. Holy heck coverage is spotty and slow.

     

     

     

    Where at in the USVI was this happening to you? I've tentatively got a trip scheduled there later this year or early next year so I wanna know what to expect and where.

    Do you still visit SprintUsers?

    in General Topics

    Posted

    I don't post over there, but I check in every so often to see if the same clowns who don't even have Sprint are still around and being given free reign to troll the place; and sure enough, they are. I just don't get it. If they've moved on to another carrier and it's so awesome, it's so crazy to me that they feel the need to invest time each and every day to go to a site called SprintUSERS just to badmouth the company. SU used to be a really informative place and genuinely fun to log into everyday, but now its more or less a waste of bandwidth unfortunately.

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