Sprint may not want to buy Clearwire after all

Sprint Clearwire Merger

One of the predicted benefits of the Softbank (SFTBY)-Sprint (S) merger is that Sprint will now have enough cash on hand to buy up Clearwire (CLWR), the troubled wireless company that has partnered with Sprint in the past and that has valuable spectrum that Sprint can use for its LTE network. But unnamed sources have told Bloomberg that such a merger is unlikely to happen in the foreseeable future because Sprint and Softbank have made it clear that their “priority is to close the deal” that they announced this week, which Bloomberg says “will take six to eight months.” Bloomberg’s sources also said that Sprint already has enough spectrum for its LTE network and that buying Clearwire would be too expensive.

Read

blog comments powered by Disqus