Sprint announces Clearwire acquisition

Sprint announces Clearwire acquisition

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

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Scott Webster
Scott Webster 6579 posts

Scott has been running AndroidGuys since 2007 and loves nothing more than reading up on the latest smartphone rumors. His other mobile efforts can be found on Android Update (CNET) where he covers Google's mobile platform.

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