| Home : December 17 2012 Computer News : Clearwire board accepts Sprint's $2.2 billion buyout |
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Clearwire board accepts Sprint's $2.2 billion buyout |
December 17, 2012
Sprint Nextel will spend US$2.2 billion to take complete ownership of Clearwire, a move that will help it expand its network capacity.
Clearwire's board of directors has accepted the latest bid allowing Sprint to purchase the nearly 50 percent of the company it did not already own.
Sprint will use the Clearwire mobile spectrum to expand its network capacity and become "more profitable and competitive" in the U.S. mobile market, Joseph Euteneuer, Sprint's CFO, said during a press conference Monday.
Sprint will pay $2.97 per share for the Clearwire stock owned by others, up from a $2.90-per-share offer made last week.
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Link: http://www.pcworld.com/article/2020706/clearwire-board-accepts-sprints-2-2-billion-buyout.html
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