Big Yellow has also garnered support from Clearwire's big-ticket minority shareholders, including Comcast, Intel and BrightHouse Networks. As part of the deal, Sprint will take on Clearwire's $5.5 billion in debt and licensing obligations, as well as coughing up a further $800 million in investment for the constantly-ailing network provider. If it meets regulatory approval, then the deal will complete in 2013, and never again will Dan Hesse have to have that dream nightmare about LightSquared.
Continue reading Sprint confirms it's buying the rest of Clearwire for $2.2 billion
Filed under: Cellphones, Wireless, Mobile, Sprint
Source: http://www.engadget.com/2012/12/17/sprint-buys-clearwire/
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