REPORT: Verizon In Talks For Leasing Clearwire’s Spectrum For $1.5 Billion
Verizon Wireless is currently in talks to increase their wireless network by leasing spectrum from Clearwire, according to The Wall Street Journal. Verizon reportedly is willing to spend around $1.5 billion to lease the spectrum from Clearwire. A large percentage of Clearwire is owned by Sprint, Comcast, Time Warner, Brighthouse, Google, and Intel.
Sprint is the largest shareholder in Clearwire at 50.8%. Verizon rival Dish Network made an offer to buyout Sprint for $25.5 billion earlier this week.
Dish Network previously bought a large amount of spectrum from an FCC auction. Since spectrum is a rare commodity, Verizon may not have much of a choice but to lease from Clearwire.