Sprint said to be in takeover talks with partner Clearwire

12/11/2012 | Bloomberg Businessweek · CNBC · Wall Street Journal, The

Sprint Nextel and Clearwire reportedly are in deep discussions with a Sprint buyout of its wireless services partner at the center of the talks, according to various sources, which confirmed an earlier CNBC story. Sprint is said to be looking to acquire the 49% of Clearwire that it does not hold in order give the No. 3 carrier full control over the decision-making process of WiMAX-powered network that Clearwire is converting to Long-Term Evolution technology. Sprint's merger with Softbank could complicate such a deal, sources say.

View Full Article in:

Bloomberg Businessweek · CNBC · Wall Street Journal, The

Published in Brief: