Sprint tries to buy all of Clearwire
Sprint offers $2.1 billion to buy the rest of Clearwire to solidify its next-generation mobile networks
Sprint has offered $2.1 billion to buy the parts of Clearwire that it doesn't already own and the move could help Sprint beef up its spectrum allocation for 4G LTE and beyond.
Sprint already owns more than 50 percent of Clearwire but it's looking to get the rest. The move comes as Sprint is set to be taken over by Softbank.
Clearwire had some wild ambitions when it first came out and it pushed for Wi-Max as the 4G standard. This failed miserably as the rest of the industry standardized around the faster 4G LTE. Clearwire is still well-positioned around the country with its spectrum, towers and retail touchpoints to make it well worth acquiring.
Bloomberg suggests that Clearwire shareholders may want more money from Sprint for a full acquisition and an aquisition is likely the road Clearwire is going down. Once a deal is done, Sprint will be in a great position compared to AT&T, Sprint and T-Mobile, in terms of how much spectrum it has for faster mobile data networks.