Sprint Nextel (NYSE:S), the country's third largest mobile provider, will likely purchase $200 million worth of Clearwire (NASDAQ:CLWR) debt so that it is able to maintain its 50 percent stake in the company, according to a Kaufman Bros analyst.
Sprint shares are higher by about one percent.
Also, Clearwire said that Chairman Craig McCaw intends to leave the company. McCaw informed Clearwire on December 29 about his departure, and the company emphasized that the departure was not the result of a disagreement.
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