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Sprint’s CEO Says Clearwire in ‘Every Option’ for Future

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March 9 (Bloomberg) -- Chief Executive Officer Dan Hesse said Sprint Nextel Corp. remains committed to Clearwire Corp. and that “every option” for Sprint’s future involves the wholesaler and fourth-generation WiMax technology.

Hesse said he’d like to see Overland Park, Kansas-based Sprint do more network sharing with Clearwire, which sells capacity from its own network to Sprint and other carriers. He spoke today at the Deutsche Bank AG Media & Telecom Conference in Palm Beach, Florida. Clearwire is 54 percent owned by Sprint.

Deutsche Telekom AG has held talks to sell its T-Mobile USA unit to Sprint in exchange for a major stake in the combined entity, according to people with knowledge of the discussions, as Bloomberg reported yesterday.

Deutsche Telekom and Sprint haven’t been able to agree on a valuation for T-Mobile USA, the fourth-largest U.S. wireless carrier, the people said. Hesse declined to comment on speculation about any such transactions.

Sprint may consider a “spectrum hosting” agreement with Kirkland, Washington-based Clearwire, Hesse said. Clearwire said in November it was delaying introduction of a Clear-branded phone and paring 15 percent of its workforce to save as much as $400 million.

Sprint was unchanged at $4.70 at 4 p.m. in New York Stock Exchange composite trading. Clearwire rose 19 cents, or 3.7 percent, to $5.38 on the Nasdaq Stock Market.

To contact the reporter on this story: Gregory Bensinger in New York at gbensinger1@bloomberg.net

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

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