Sprint, in a move that seems to be inspired by it’s desperate need to focus on its core business and its new WiMAX network, is leaving SpectrumCo, its joint venture with Comcast, Time Warner Cable, Cox and Brighthouse, all cable operators. Sprint has been under pressure from WallStreet to clean up its act. SpectrumCo won 137 licenses after bidding $2.37 billion in last year’s auctions for spectrum that resides in 1.7 and 2.1 GHz frequencies. Sprint was the smallest partner in the JV.
The news was first revealed in the Time Warner 10Q filed earlier this week. The decision doesn’t impact Sprint’s other deals and alliances (such as Pivot) with CableCos. The cable partners haven’t yet decided on what they are going to do with the AWS spectrum, and when (if any) service will be rolled out by them.