Clearwire-Sprint Deal Offers Breathing Room

Clearwire and Sprint Nextel have signed an agreement for US$1.6bn, that will allow the mobile operator access to Clearwire's 4G networks for four years. This has allayed fears that Sprint intended to distance itself from Clearwire, in which Sprint has invested. Clearwire said it could run out of cash by end-2012, making the deal a significant development for the operator. Most importantly, CFW believes the deal allows Clearwire to invest in LTE technology in certain markets, which will benefit the company in the long

To read the full article, please choose one of the following options: