Telecommunications

Sprint expands stake in Bellevue-based Clearwire

Oct 19, 2012

Telecommunications giant Sprint is poised to take a controlling interest in Washington-based wireless provider Clearwire. Clearwire's high-speed wireless data connections cover 80 major markets nationally, including a dozen in the Northwest.

Sprint is flush with cash after a Japanese cell phone company pumped $20 billion into it earlier this week. That gave the Kansas-based Sprint the boost it needed to buy another $100 million in Clearwire stock. The purchase pushes Sprint's ownership to just over 50 percent of the Bellevue company.