Sprint

Third-place carrier gobbles up Clearwire for $5 per share

Sprint has completed its acquisition of Clearwire, the U.S. carrier has announced. Sprint, which already held a majority stake in Clearwire, and is itself to be acquired by Japan's SoftBank, said in a press release today that it had purchased the company for $5 per share. As such, SoftBank will walk away with both Sprint and 100 percent of Clearwire when that transaction closes, something which is expected to occur tomorrow.

VPN Deals: Lifetime license for $16, monthly plans at $1 & more

Today's news follows an aborted attempt by Dish Network to buy both Sprint and Clearwire — Dish abandoned its acquisition plans in mid-June.

Sprint will be looking to take advantage of Clearwire's spectrum holdings to further expand its LTE network.

Source: Sprint