Sprint acquires majority stake in Clearwire

[Poke]

I think they been wanting to do this for awhile now..

http://www.theverge.com/2012/10/18/3520500/sprint-majority-stake-clearwire

 

[Peter Parker]

Spectrum is what made sprint an attractive takeover target and Clearwire was the owner of much of that spectrum.

 

[Ramy]

Hmmmm. Wonder what this means for Sprint in the long run? Did they buy it so it would be easier to sell out to another company? seem plausible

 

[mike123abc]

Hmmmm. Wonder what this means for Sprint in the long run? Did they buy it so it would be easier to sell out to another company? seem plausible

Sprint was just bought by Softbank, a Japanese company...

 

[riffjim4069]

How does this benefit Sprint? Do they plan to convert all that WiMax spectrum over to LTE?

 

[mike123abc]

How does this benefit Sprint? Do they plan to convert all that WiMax spectrum over to LTE?

Yes, Clearwire already announced they are converting to TD-LTE.