Sprint today announced that it has officially entered into an agreement to acquire the roughly 50 percent stake in Clearwire that it currently does not own. At a rate of $2.97 per share, the price comes in at 128 percent value as compared to the closing price of shares on the day before the Sprint/Softbank deal was confirmed.

Speaking on how this affects the carrier’s LTE plans, CEO Dan Hesse said, “Today’s transaction marks yet another significant step in Sprint’s improved competitive position and ability to offer customers better products, more choices and better services.”

Sprint