Sprint sure has been backing out
of and sashaying into
quite a few deals of late
, and the schizophrenic trend is continuing as it opts out of SpectrumCo, one of two joint ventures with cable operators
Comcast, Time Warner Cable (parent company of AOL, which owns Engadget), Cox Communications, and Brighthouse (Advance/Newhouse). Reportedly, the firm is still remaining a part of the Sprint/Cable venture (now known as Pivot) as it focuses on "integrating wireline and wireless services offered by the cable partners with itself." We're led to believe that Sprint
simply had different plans for investing its capital, but it apparently sees value in hanging in there with the whole Pivot endeavor. Interestingly, when TWC's CEO was questioned over SpectrumCo's possible involvement in the forthcoming wireless auction
, he casually proclaimed that "it would be inappropriate for him to make any comment on it one way or the other," but if you'll recall, it most certainly picked up a few licenses
the last go 'round.