Sprint Acquires Control of Clearwire

Sprint has reportedly acquired control of Clearwire by buying out another shareholder, according to Reuters.

Wireless carrier Sprint Nextel Corp has acquired control of Clearwire Corp after buying out one of the company's other shareholders, Sprint said in a securities filing on Thursday. Sprint reached the deal with Eagle River Holdings on Wednesday and now controls a 50.8 percent stake in Clearwire, the filing said.

Softbank, a Japanese cellphone carrier, recently acquired a 70% stake in Sprint Nextel for $20 billion.


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