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Sprint grabs majority control of Clearwire

Categories: Sprint
By: , IntoMobile
Thursday, October 18th, 2012 at 5:02 AM

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]

 

About The Author

Kelly Hodgkins

Kelly spent the last four years covering mobile technology at places like BGR, Gizmodo and The Unofficial Apple Weblog. Before writing, she spent a few years working with and teaching others how to use Adobe Flash and Macromedia Director. Even earlier than that, she spent several years as a Ph.D student in Microbiology. When she's not writing, she can be found fishing the lakes and hiking the mountains of Western Maine with her husband and tribe of children. You can follow her on Twitter @kellyhodgkins.