Sprint Completes Their Acquisition of Clearwire

With investors placated, regulatory approval in the bag and Dish shoved aside, Sprint today announced that they’ve completed a deal that will now give them 100% ownership of Clearwire — and Clearwire’s highly valued spectrum.

According to a Sprint statement, Clearwire shareholders approved the transaction at a special meeting of stockholders held yesterday, and the deal became official as of today, with Clearwire stock no longer being traded.

As expected, Sprint will use the 2.6GHz spectrum acquired in the deal to improve and expand Sprint’s LTE offerings, which haven’t performed particularly well in a suite of recent speed surveys.

 

Via: dslreports


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