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.
Sprint may not want to buy Clearwire after all
Updated Dec 19th, 2018 8:39PM EST
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Brad Reed has written about technology for over eight years at BGR.com and Network World. Prior to that, he wrote freelance stories for political publications such as AlterNet and the American Prospect. He has a Master's Degree in Business and Economics Journalism from Boston University.
