Sprint Sells Cell Towers For $670 Million
July 25, 2008 |15:45 | Communication By : Team X
Sprint Nextel announced Thursday it would be selling nearly all of its wireless communication towers to TowerCo for $670 million in cash. Under the terms of the deal, TowerCo will take over the operating and maintenance of approximately 3,300 towers that use Code-Division Multiple Access and Integrated Digital Enhanced Network technologies.
The two companies have also entered into a long-term lease that allows Sprint to run its cellular and WiMax networks from these towers. The deal is expected to close in 90 days. "By leasing rather than owning these network facilities, we can better focus on our core business of providing communication services to consumers, businesses, and government customers," said Bob Azzi, Sprint's senior VP, field engineering and operation, in a statement. "Significantly, this transaction provides Sprint Nextel with additional liquidity which gives us greater flexibility in managing our company."

Yahoo Inc YHOO.O is looking to turn over Web search advertising to Google Inc GOOG.O following a successful test using Google's service to deliver ads alongside its Web search results, the Wall Street Journal reported on Wednesday, citing unnamed sources.
Dell, the computer maker, said on Tuesday that it would buy the business e-mail services provider MessageOne, which was co-founded by Michael S. Dell’s brother, in an effort to compete with similar services provided by Microsoft and Google.
ASIA Japan : NEC Corporation has signed a framework contract with a leading Polish telecom carrier, Netia, for the supply of advanced, point-to-point wireless access systems, PASOLINK NEO. The new systems will be supplied to the 3G mobile operator P4 Sp.z.o.o.("P4"), a mobile operation arm of Netia SA ("Netia").
The regime of Sindh throughout the subsequently financial year will expend Rs75 million in the information technology subdivision. Sindh Budget documents for the fiscal year 2007-08 showed that the Department of Information Technology would be spending Rs20 million for the setting up of call centers besides allocations have also been made for the promotion of information technology Rs20 million, Rs10 million for the ‘Road-shows’, 0.5 million for the making of CDs and VCDs, Rs10 million for seminars and workshops and Rs10 million for the appointment of consultants.
In this fast-paced world, there is one thing most computer users have in common: We have all lost data at one time or another. For the lucky ones, this is not a painful experience -- just one of inconvenience.











