Investors Bludgeon Clearwire After Sprint-LightSquared Deal
Clearwire investors aren’t taking news of Sprint’s new deal with 4G wholesale network provider LightSquared too well, are they? The announcement of the 15-year pact this morning sent shares of Clearwire, a high-speed 4G mobile broadband service with whom Sprint also has a relationship, into a nasty downward spiral that left them down 22 percent at $2.15 as of market close.
