Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Clearwire Drops After Sprint Says No Takeover Planned

Dec. 15 (Bloomberg) -- Clearwire Corp., the fourth-generation wireless carrier, declined to its lowest level in more than a year in Nasdaq Stock Market trading after partner Sprint Nextel Corp. said it has no plans to buy the company.

Clearwire has fallen 11 percent in the last two days, dropping to its lowest price since July 2009. The Kirkland, Washington-based company’s shares declined 36 cents, or 6.3 percent, to $5.34 at 4 p.m. New York time.

Sprint, which owns 54 percent of Clearwire, made its statement after the close of regular trading on Dec. 13.

To contact the reporter on this story: Amy Thomson in New York at athomson6@bloomberg.net

To contact the editor responsible for this story: Peter Elstrom at pelstrom@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.