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Posts with tag dan hesse

Sprint turning on WiMAX in Baltimore in September, Chicago and DC by end of year

by Nilay Patel, posted Jun 18th 2008 at 9:37PM

Sprint CEO Dan Hesse spoke at NXTcomm08 today, and he let it slip that Sprint is planning on launching its first commercially-available WiMAX network in Baltimore in September, and expanding the trial service currently operating in Chicago and DC by the end of the year. We're assuming that means Clearwire and not Sprint itself, of course, but Hesse also touched on the carrier's WiMAX-based 4G strategy, saying that consumers "can't seem to get enough data" and that devices like digital cameras and GPS systems will eventually connect to WiMAX directly -- allowing Sprint to "break free of wireless cellphone group think." Sure, whatever -- but let's get that network lit up before we start counting chickens, shall we?

[Via Phone Scoop]

Sprint to sell off assets due to subscriber defections?

by Nilay Patel, posted May 13th 2008 at 10:25AM


Things aren't going so hot down Sprint way right now -- although the carrier recently entered into that landmark $12B WiMAX deal with Clearwire and several other companies, it lost over a million wireless subscribers last quarter and posted a net loss of $211M. That's enough for CEO Dan Hesse to smack the emergency button: he's laying off 4,000 workers, closing Sprint stores, and cutting rates in an efforts to gain back customers and get back into the black. On top of all that, word on the street is that Sprint may also start selling off other assets, including lame-duck Nextel, even though that would involve "significant complexities," according to Hesse. Still, just the fact that he's thinking about it seems like a sign -- too bad no one asked him about those Deutsche Telekom buyout rumors.

Sprint announces massive layoffs, store closings amid subscriber defection

by Evan Blass, posted Jan 18th 2008 at 11:22AM Breaking News

New Sprint Nextel CEO Dan Hesse appears to have inherited a company bleeding subscribers by the thousands, and will now officially be dropping the ax on 4,000 employees and 125 retail locations. Amid the loss of 639,000 postpaid customers in the fourth quarter, Sprint will be cutting a total of 6.7% of its work force (following the 5,000 layoffs last year) and 8% of company-owned brick-and-mortar stores, while remaining mute on other rumors that it will consolidate its headquarters in Kansas. Sprint Nextel shares are down $2.89, or nearly 25%, at the time of this writing.

[Thanks to everyone who sent this in]

Sprint's new CEO to slash several thousand more jobs this year?

by Paul Miller, posted Jan 14th 2008 at 4:25PM

While we wait impatiently for a WiMAX implementation in our hometown, Sprint employees have something a bit more serious on their minds: more layoffs. Though 5,000 jobs were cut from the company's 60k strong workforce last year, there's a new sheriff in town, and he seems to think that more fat can be culled from the struggling wireless company. Brand new CEO Dan Hesse purportedly is trying to show a tough face to investors, and is rumored to have "several thousand" layoffs in the works. There's also word of a move by Sprint to consolidate company headquarters to better integrate Sprint and Nextel, and it appears the future of WiMAX is still a bit uncertain, since some investors aren't entirely thrilled by the $5 billion outlay required to build the network. It's not easy being number three.

Sprint Nextel taps Embarq's Dan Hesse as new CEO

by Paul Miller, posted Dec 18th 2007 at 9:25AM

With falling subscriber numbers and some difficult Xohm decisions to be made in the coming months, Sprint wanted a new man at the helm, and has picked Dan Hesse for the job. Dan's replacing Gary Forsee, who held the job since 2003 and was pegged for replacement since August. Hesse hails from Sprint spin-off Embarq, and served as CEO of AT&T Wireless from 1997 to 2000, back in the glory years of that service. Here's hoping that he doesn't axe the WiMAX, but it's clear something has got to change in Sprint land to turn things around.
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