Posted Dec. 18, 2012 at 6:20 a.m.

Premium Lock Clearwire agrees to $2.2B buyout after Sprint sweetens deal

Published: 2012-12-18 06:20:31
Updated: 2012-12-18 06:20:31

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Sprint is moving to acquire 100 percent of the company after their four-year joint venture struggled to build a nationwide wireless network, leading to billions in losses for Clearwire. Sprint aims to take over Clearwire's spectrum - the airwaves that let mobile devices operate - and use it to bolster its own network....

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