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Report: Verizon proposes $1.5B Clearwire spectrum lease

updated 12:57 pm EDT, Mon April 15, 2013

SEC filing by Clearwire mentions 'Party J,' believed to be Verizon

Verizon wants to lease spectrum from Clearwire, in order to improve its 4G LTE offering, according to reports. A filing with the Securities and Exchange Commission by Clearwire mentions an offer from "Party J," believed to be Verizon, for spectrum in a number of markets for between $1 billion and $1.5 billion collectively.

While not much in the way of details for the offer are provided, sources of the Wall Street Journal have insisted the unknown party is Verizon. If true, the offer would allow the carrier to use Clearwire's 2.5GHz spectrum, previously used for WiMAX, to provide more network bandwidth.

Clearwire is currently still awaiting the finalization of its deal with Sprint, worth around $2.2 billion, and requires the completion of SoftBank's acquisition of Sprint in order to take place. The Softbank deal itself has its issues, namely a surprise offer from Dish Network to Sprint to merge instead. The offer, valued at $25.5 billion and announced earlier today, exceeds SoftBank's $20 billion offer from October last year.



By Electronista Staff
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