Sprint negotiating purchase of remaining Clearwire shares?

13 Dec 2012

US cellco Sprint Nextel has been in meetings with its 51%-owned wireless broadband subsidiary Clearwire’s other large shareholders, including Intel, Bright House Networks and Comcast, to discuss the possibility of purchasing their stakes, according to sources cited by CNBC, as reported by Total Telecom yesterday. A proposed acquisition price of USD3 per share was said to be on the table, according to CNBC, which added that the companies in question are ‘involved in active negotiations and could announce an agreement prior to the end of the year,’ with the notion being that Sprint is aiming to seal the Clearwire deal around the same time that its own 70% takeover by Japan’s Softbank is due to close.