Sprint Nextel acquires control of Clearwire

Thu Oct 18, 2012 6:52am EDT

Oct 18 (Reuters) - Wireless carrier Sprint Nextel Corp has acquired control of Clearwire Corp after buying out one of the company's other shareholders, Sprint said in a securities filing on Thursday.

Sprint reached the deal with Eagle River Holdings on Wednesday and now controls a 50.8 percent stake in Clearwire, the filing said.

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