Sprint Nextel may soon gain control of wireless broadband provider Clearwire without an acquisition, clearing up a stumbling block to Softbank's $20 billion acquisition of Sprint.
Sprint is Clearwire's largest customer and its largest shareholder with an 84 percent stake, but the No. 3 U.S. wireless carrier doesn't have control of Clearwire's board. To take control of the company, the No. 3 U.S. wireless carrier is negotiating agreements with other investors that will allow it to appoint a majority of directors to Clearwire's board without a making a formal acquisition, people familiar with … Read more