Sprint Nextel has bought a majority interest in Clearwire Corporation. Sprint bought stake from the company’s founder after a dispute with other investors. Sprint reached a deal with Eagle River Holdings. Now Sprint has a 50.8% stake in Clearwire according to a securities filing. Eagle River is the investment vehicle for Clearwire founder Craig McCaw.
Craig McCaw Posts
Clearwire Corporation (NASDAQ:CLWR) Chairman Craig McCaw has stepped down from his position late last week. McCaw, 61, was one of the pioneers of mobile phone technology. Clearwire is struggling to build high-speed wireless 4G networks across the U.S. according to Bloomberg.
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