Sprint Nextel will spend US$2.2 billion to take complete ownership of Clearwire, a move that will help it expand its network capacity.
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The U.S. Department of Justice is reviewing a proposed US$3.6 billion spectrum purchase by Verizon Wireless, a spokeswoman there said Tuesday.
While AT&T's attempts to acquire T-Mobile are stuck in limbo, rival Verizon has been quietly gobbling up spectrum from cable companies like Cox Communications, which today sold Verizon $315 million in licenses for 20MHz of its Advanced <a href="http://www.networkworld.com/topics/wireless.html">Wireless</a> Services (AWS) spectrum.
SpectrumCo, a joint venture among Comcast, Time Warner Cable and Bright House Networks, has agreed to sell mobile spectrum licenses covering 259 million U.S. residents to Verizon Wireless for US$3.6 billion, the companies announced Friday.