Sprint grabs majority control of Clearwire

Clearwire logo

Sprint isn’t wasting any time securing its place in the US wireless market. Bolstered by its pending merger with SoftBank, the carrier announced that it will acquire a majority stake in struggling wireless provider Clearwire. According to a report in Reuters, Sprint bought out Clearwire shareholder Eagle River Holdings and now owns a 50.8 percent stake in the company. Now that Sprint  has a controlling interest in Clearwire, it will have full access to the company’s valuable spectrum assets.

[Via Reuters]

 

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