Mergers & Acquisitions
Dec. 19, 2012
Sprint makes $2.2 billion purchase to grow LTE network as several firms advise
Multiple firms advisd Sprint Nextel Corp. in its acquisition of Clearwire, owner of a coveted frequency range that is more adept for data and information transfer.
By David Ruiz
Daily Journal Staff Writer
When Sprint Nextel Corp. agreed to buy out the remaining 50 percent stock it does not currently own in San Francisco-based wireless Internet service provider Clearwire Corp. for $2.2 billion, it meant a massive payday for at least seven major law firms, including two led by California-based partners.
The purchase is meant to make Sprint more competitive in the U.S. wireless market by enhancing its spect...
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