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Sprint Looking to Acquire Clearwire

Article Comments  6  

Dec 11, 2012, 2:01 PM   by Eric M. Zeman   @phonescooper

Sprint Nextel is seeking to purchase the remaining shares of Clearwire that it does not already own, reports the Wall Street Journal. Citing sources familiar with Sprint's plans, the Journal says Sprint believes the acquisition could help it resolve control issues regarding Clearwire, in which it holds a significant stake. Sprint also wants Clearwire's vast spectrum holdings to supplement its future network plans. Sprint's pending partial acquisition by Japan's Softbank may complicate its attempt to take ownership of Clearwire, however, and the talks may fall through. Earlier this year, AT&T warned the FCC that it should weigh carefully any transaction that gives Softbank control over so much U.S. spectrum.

more info at Wall Street Journal »



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Subject Author Date
Would this be an acquisition or a repossession? MadFatMan Dec 11, 2012, 6:41 PM
Isn't this like? Versed Dec 11, 2012, 5:32 PM
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