Skip to content
Subscriber Only

Sprint Said to Talk With Cable Companies on Clearwire Buyout

Sprint Nextel Corp. is talking with cable companies about a possible investment that may lead to an acquisition of partner Clearwire Corp., according to three people familiar with the talks. Clearwire shares soared.

Sprint, the third-largest U.S. wireless operator, is discussing the investment with companies including Comcast Corp., said the people, who wouldn’t be identified because the talks aren’t public. Under one scenario being discussed, Sprint would use the money to buy the equity in Clearwire it doesn’t own. Talks are preliminary and no deal is imminent, they said.