Sprint in alleged talks to acquire Clearwire, cablers huddle 'round for some LTE pie

'Tis the season for patent disputes and wireless industry takeovers, or so a recent glut of moves would indicate. Shedding a little light on Clearwire's recently announced allegiance to LTE, Bloomberg is reporting that the company's currently in talks to sell its business to Sprint, and perhaps secure the funding it so desperately needs for a network build out. According to several insider sources, the third place wireless carrier's considering a joint investment (amongst other options) with Comcast, Cablevision and Cox, that would give the cablers a bundled high-speed, wireless broadband competitive advantage, and Sprint an LTE boost in its battle against AT&T and Verizon's rival 4G networks. None of the players in this rumored takeover have yet to comment on the purported transaction, although the business gossip has had quite an uplifting effect on Clearwire's shares. While we can't speculate as to the veracity of the claim, we know one thing for sure -- that LTE network's not gonna build itself.

Sprint in alleged talks to acquire Clearwire, cablers huddle 'round for some LTE pie originally appeared on Engadget on Fri, 19 Aug 2011 14:33:00 EDT. Please see our terms for use of feeds.

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Source: http://www.engadget.com/2011/08/19/sprint-in-alleged-talks-to-acquire-clearwire-cablers-huddle-ro/

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