Verizon Wireless Pursues Clearwire Spectrum

Published on April 15, 2013
by Sharon Terlep, Dana Cimilluca and Spencer E. Ante

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.

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