Wireless Network News

Lucrative Wireless Network Deal Scrapped

Gary Forsee, the Chief Executive Officer of Sprint was recently evicted resulting in the scrapping of Sprint Nextel Corp. and Clearwire Corp. plans to build a high-speed wireless network together. Cleawire is a network company founded by mobile-phone pioneer Craig McCaw. The ouster also resulted in a decline of as much as 28 percent to the value of Clearwire shares .

Sprint announced the deal and the plan was supposed to be completed in two months. However, the talks slowed while Forsee faced pressure from investors to curb spending after losing customers. Ultimately, the decrease in customers caused Forsse's dismissal.

It is clear that the deal's collapse will be damaging for Clearwire Corp. For the last three years, the corporation's losses have swelled amid efforts to build a national network. In fact, it sold shares to the public in March to help fund construction. However, it seems to be futile as it's third-quarter sales totaled $41.3 million, less than 100th of Sprint's. Visit this site to learn more about this wireless deals collapse.

Read the rest of Bloomberg's article on this update.

Verizon Expansion to Help Beverly, Massachusetts Residents

Verizon Wireless, considered by many as the nation's most reliable wireless network is in the process of expending its network with the construction of a new cell site. This initiative is designed to provide the best wireless service for local residents in Essex County. Those residing along along Route 127 in eastern Beverly and the surrounding area will enjoy the new coverage and capacity offered by the new site.

For half a year, Verizon Wireless has invested $145 million to enhance wireless capacity and coverage throughout the six states of New England. This brings the cumulative network investment in the region to more than $2 billion. The growing demand for Verizon Wireless voice and data services has urged the company to invest more than $1 billion every 90 days. The company offers picture messaging, text messaging, BroadbandAccess high-speed Internet and the exclusive V CAST service to the public. Over the past seven years, the company's ongoing national network investment now totals more than $40 billion.

You can read more about this wireless news on CNN's money articles.

Huge Wireless Network on Silicon Valley Stalling

A recent column in the San Jose Mercury News revealed that the ambitious plan to blanket 1,500 square miles of California’s Silicon Valley with a wireless network may be on the edge of stalling. Experts observed that for even two one-square-mile test sites the project has still unable to raise funds.

The region which covers most of the peninsula south of San Francisco and is one of the wealthiest regions in the United States. However, The two test sites, has been unwilling to cough up the $500,000 needed to complete the project.

More of this story on Networkworld.com