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Restructure

Sprint to drop iDen network

Tue, 12/07/2010 - 22:56 by Prince damin

Overland Park, Kan. -- U.S. telecommunications giant Sprint Nextel said it would restructure its network over the next seven years to save up to $11 billion.

Sprint said it would spend $5 billion on contracts with Samsung, Alcatel-Lucent and Ericsson to "bring together multiple spectrum bands, or airwaves, on a single, multimode base station." It would also phase out the iDen network, starting in 2013, that it purchased with its $35 billion acquisition of Nextel in 2005.

Sprint said the system would result in greater flexibility, fewer dropped calls and massive savings.

Heavy Reading consultant Berge Ayvazian called Sprint's initiative "a very bold move."

GM to keep Opel

Wed, 11/04/2009 - 15:17 by Jaspreet Virk

New York, November 4 -- Reviewing all outcomes, the board of directors at General Motors have abruptly reversed the earlier decision to sell its Opel unit.

How Should We Restructure the Financial Regulatory System?

Fri, 10/16/2009 - 13:59 by Jennifer Schonberger

"We simply cannot walk away from the worst financial crisis since the Great Depression and not do everything in our power to reform the system," Treasury Secretary Tim Geithner said in a hearing in September in front of the House Financial Services Committee.