Sprint Raises Clearwire Bid to Fend Off Dish Counteroffer

Sprint Raises Clearwire Bid to Fend Off Dish Counteroffer

Jin Lee/Bloomberg

Sprint Nextel Corp., the third-largest U.S. wireless carrier, needs support from the majority of Clearwire Corp.’s Class A shareholders to gain control of the remaining 49 percent of Clearwire it doesn’t own.