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Home > Report: Sprint, Clearwire deal could come soon

Report: Sprint, Clearwire deal could come soon

Sprint and Clearwire are nearing a deal that would allow Sprint to buy the remaining 49 percent of Clearwire that it doesn't already own, according to a report from CNBC [1]. In October, Sprint acquired a 4.5 percent stake in Clearwire from Eagle River Holdings LLC to push it up to a 50.8 percent controlling interest in the company.

If the long-gestating acquisition is finalized, it would give Sprint access to Clearwire's spectrum, a boost that would make Sprint much more competitive with AT&T and Verizon in the largest cities in the U.S. Market.

Potentially complicating a deal between the two companies is that it would coincide with Softbank's current efforts to acquire a 70 percent stake in Sprint. A more robust Sprint would definitely be more appealing to the Japanese provider and Clearwire's choice of TDD-LTE for its network would compliment Softbank's TDD-LTE network in Japan.

The speculation lead to a spike in Clearwire stock yesterday. At the same time MetroPCS's dipped a bit, a continuation of a slide stemming from a Reuters report from earlier this month [2] citing references who claimed Sprint would not continue bidding on the communications company.



Content Item Type: 
News [3]
Meta Canonical URL: 
http://www.cedmagazine.com/news/2012/12/report-sprint-clearwire-deal-could-come-soon
Summary: 

Sprint and Clearwire are nearing a deal that would allow Sprint to buy the remaining 49 percent of Clearwire that it doesn't already own, according to a report from CNBC [1]. In October, Sprint acquired a 4.5 percent stake in Clearwire from Eagle River Holdings LLC to push it up to a 50.8 percent controlling interest in the company.

Contributed Author: 
Ben Munsen, Wireless Week
Legacy NID: 
75 236
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Source URL: https://www.cedmagazine.com/news/2012/12/report-sprint-clearwire-deal-could-come-soon

Links
[1] http://www.cnbc.com/id/100301143?source=email_rt_mc_body&amp;ifp=0
[2] http://www.reuters.com/article/2012/12/03/metropcs-sprint-idUSL1E8N3GAK20121203?type=companyNews&amp;feedType=RSS&amp;feedName=companyNews&amp;rpc=43
[3] https://www.cedmagazine.com/content-item-types/news