Sprint Nextel (NYSE:
S) is rumored to be in talks with cable companies including Comcast (NASDAQ:
CMCSA) and Time Warner Cable (NYSE:
TWC) about a possible investment that may lead to an acquisition of Clearwire (NASDAQ:
CLWR), according to sources.
Sprint would use the investment to buy the remaining shares in Clearwire it does not already own.
Bill White, a spokesman for Sprint, said the company doesn't comment on rumors or speculation.
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