According to a Reuters report, Sprint and Clearwire have effectively halted plans to share expenses and construction costs in order to build a nationwide WiMax network.
The report also cites sources that state the recent ouster of former CEO Gary Forsee, who was the chief architect of the network, and the complexity of the transaction were key factors in ending the preliminary agreement, though acting Sprint CEO Paul Saleh told analysts that talks were still ongoing between both companies as of last week in an earnings conference call.
Final agreement details were expected in mid-September according to the qriginal June announcement, yet CEO Saleh states that plans are still on track to invest $10 billion total into the WiMAX network now known as XOHM, while investors are urging Sprint to cut costs as third quarter earnings were still bellow expectations with continued customer losses.
