REPORT: Verizon In Talks For Leasing Clearwire’s Spectrum For $1.5 Billion

Posted Apr 16, 2013

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.