Verizon Wireless Pursues Clearwire Spectrum
Verizon Wireless has offered to pay up to $1.5 billion to buy spectrum leases from Clearwire Corp., people familiar with the matter said.
The move would give the country’s largest wireless carrier the right to use airwaves currently controlled by Clearwire in big markets in the U.S. It also further complicates a three-way series of deals in which Clearwire had agreed to sell itself to part owner Sprint Nextel Corp. and Sprint agreed to sell a controlling stake in itself to Softbank of Japan.