Sprint Bids to Control Clearwire

Photo courtesy of Creative Commons
Newly enriched Sprint Nextel Corp. has launched a $2.1 billion bid for its wireless partner Clearwire Corp. and the vital airwaves it controls.

At stake is a valuable cache of wireless radio spectrum that Sprint wants to compete with larger rivals Verizon and AT&T. Overland Park-based Sprint already owns 51 percent of Clearwire but has said it doesn’t control the company.

Read more on Kansas City Star and Kansas City Business Journal.

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