Sprint gains control of Clearwire

Sprint officially holds the controlling interest in Clearwire after buying out a shareholder pushing their stake in Clearwire from 48.1% to 50.8%. Clearwire and Sprint were both struggling financially but this move was made possible by Softbank acquiring Sprint on Monday. Sprint and Clearwire have done this dance before, but now that they have support from Softbank and a little more financial support it will be interesting to see what these companies are able to do in the future.

Source: Reuters

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