Sprint, already the majority owner of Kirkland-based wireless broadband company Clearwire, is in talks with other investors that could result in Sprint owning Clearwire outright, according to a Bloomberg News report this morning, citing three anonymous sources familiar with the discussions.
Bloomberg cautions that the talks are still preliminary. It’s the latest in a string of attempts to provide a financial lifeline to Clearwire by delivering the funding needed to build out its 4G wireless network. The company has gone through layoffs and executive changes including the recent appointment of a new CEO.
Sprint currently owns 54 percent of Clearwire. Under the deal being discussed, Sprint would receive a new round of investment from existing Clearwire partners, including Comcast, and use the funds to by the rest of the company.
Clearwire was built around WiMAX technology but recently announced plans to supplement its network with the competing LTE technology, as well.