Despite a strong opposition from AT&T, the nation's third-largest carrier Sprint Nextel mid-October announced its intent to control Clearwire, where it had a 48 percent stake, by gain control of its board via agreements with Clearwire's investors. A few days later, Sprint bought out one of Clearwire’s shareholders to increase its 48 percent stake to a controlling 50.8 percent stake. And now, according to the Wall Street Journal, the wireless carrier is moving to acquire the remaining 49 percent of Clearwire it doesn't own yet...
Sprint in active talks to acquire the remaining 49 percent of Clearwire