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Verizon Offers $1.5 Billion to Lease Clearwire Spectrum

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Apr 15, 2013, 9:45 AM   by Eric M. Zeman

Verizon Wireless has thrown its hat into the Sprint-Clearwire-Softbank-Dish mashup with an offer of its own. The company recently offered to lease portions of Clearwire's spectrum for $1.5 billion. The paperwork, which was filed with the Securities and Exchange Commission last week, only named the bidder as "Party J," but The Wall Street Journal says insiders peg the company as Verizon. In the filing, Clearwire said it would discuss the proposal with "Party J" and Sprint. Sprint is currently attempting to purchase the 49% of Clearwire that it does not already own. It's not clear why Sprint would allow Verizon to lease spectrum that it itself is attempting to gain control over. It's also unclear whether or not the federal government would allow such a deal to move forward. Last week, the Justice Department told the Federal Communications Commission that the agency needs to give smaller providers a better chance of competing with companies such as AT&T and Verizon Wireless.

more info at Wall Street Journal »

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Subject Author Date
Now VZW? adam2106 Apr 15, 2013, 9:48 AM
Does Verizon really need morrre spectrum?!?!? Jayshmay Apr 15, 2013, 10:33 AM
What does Verizon want with garbage 2.5GHz spectrum? MarryTheNight Apr 15, 2013, 1:30 PM
 
 
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