Verizon earnings

Verizon Bids $1.5 Billion For Clearwire Spectrum

Verizon has made a $1.5 billion bid for the spectrum owned by Clearwire Corporation (NASDAQ:CLWR) according to news from the Wall Street Journal this morning. A major part of Clearwire is owned by Sprint Nextel Corporation (NYSE:S) which has itself been the subject of more than one buyout offer.

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