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The Podium

Friday, December 14

Sprint Makes a Move

By Brad

Earlier this week, it was rumored Sprint would make a bid to completely buy out mobile broadband provider Clearwire. Now, Hayley Tsukayama of the Washington Post reports, the rumors have become reality:

Sprint has made a buyout bid for the remaining stake of Clearwire that it does not already own, a move that would bolster the company’s spectrum portfolio.

The nation’s third-largest carrier currently owns 51 percent of Clearwire.

If the deal is finalized, Sprint’s all important spectrum holdings would increase substantially.

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