Clearwire disclosed in a securities filing on Friday that it had received an offer from an unnamed company for use of its spectrum. According to The Wall Street Journal, Verizon is behind the proposed deal and has offered $1.5 billion to lease Clearwire’s spectrum. Verizon is said to be interested in Clearwire spectrum in big markets to help it bolster its 4G LTE service. The carrier is expected to face a few obstacles, however. Wireless rival Sprint has a controlling stake in Clearwire and recently proposed a takeover of the company, while at the same time Sprint is in the middle of dealing with its own merger offers from Japanese carrier SoftBank and from Dish Network. Clearwire, Sprint and Verizon, nevertheless, will come together to evaluate the offer and discuss it in further detail.
Verizon reportedly offering $1.5 billion to lease Clearwire’s spectrum
Published Apr 15th, 2013 2:40PM EDT
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Dan joins the BGR team as the Android Editor, covering all things relating to Google’s premiere operating system. His work has appeared on Fox News, Fox Business and Yahoo News, among other publications. When he isn’t testing the latest devices or apps, he can be found enjoying the sights and sounds of New York City.
