Sprint Is Making Moves: Acquires Majority Stake In Clearwire

Following the move by Japanese carrier Softbank Corp. to agree to a purchase of Sprint, the US’ third largest carrier is making moves to help improve their network. Earlier today it was revealed that Sprint has upped its current stake in Clearwire to 50.8 %, giving the carrier voting control over all Clearwire company decisions. Please keep in mind, however, that earlier this year Sprint had a controlling share in Clearwire as well, until fears that mounting debts would become a burden on the company prompted Sprint to sell off some of its shares. The move was reportedly a condition of SoftBank’s takeover, as the Japanese carrier wanted full control over Clearwire’s “vast reserves of spectrum.”

Reuters via The Verge

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