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Friday, 19 October 2012 18:00

TEXT-Fitch says Sprint's stronger link to Clearwire likely strategic

Written by  Reuters: Company News
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Oct 19 - Sprint Nextel's intention to buy Eagle River Holdings LLC's stake in Clearwire Corp. is likely another step in an evolutionary process that could eventually result in the company gaining sole control of the wireless network operator, according to Fitch Ratings. At the very least, Sprint's link to Clearwire would be stronger, and therefore complicate things a bit for those companies considering a move to buyout Clearwire. Upon completion of the transaction, Sprint would have a 50.4% maj

Read more http://feeds.reuters.com/~r/reuters/companyNews/~3/k8tEiHw4-QQ/idUSWNA801320121019

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