Clearwire shareholders approve Sprint takeover
Sprint has jumped through the last hoop in its effort to buy the remaining stake in Clearwire.
On Monday, Clearwire shareholders approved a deal in which Sprint, which owns about 50 percent of the company, would buy the remaining shares of Clearwire for $5 a share. The companies said the deal is expected to close on Tuesday.
Clearwire offers a nationwide wireless broadband network using spectrum in the 2.5GHz band. Sprint, which had previously owned about 50 percent of the company, is the only customer that Clearwire has for its wholesale network business. The company also has a retail…