Sprint Nextel’s successful bid to buy full ownership of Clearwire...

unanimously agreed to sell Sprint their 49 percent stake for $2.2 billion. Sprint said it believes the purchase gives it a unique opportunity to maximize the value of Clearwire’s 2.5 GHz spectrum and use it to increase Sprint’s network capacity. “We believe this transaction, particularly when leveraged with our SoftBank relationship, is further validation of our strategy and allows Sprint to control its network destiny,” said Sprint CEO Dan Hesse in a joint statement with Clearwire (http://xrl.us/bn6wrv). Sprint’s successful bid for Clearwire came more than two months after SoftBank bought 70 percent ownership of the carrier for $20.1 billion. As with SoftBank, Sprint’s deal with Clearwire is unlikely to encounter any significant regulatory issues, said Andrew Schwartzman, a public-interest communications lawyer. The FCC’s approval process on the Sprint-Clearwire deal should be “fairly perfunctory,” said Steve Goodman, a partner with the law firm Butzel Long who previously worked at the FCC and as an attorney on antitrust and regulatory issues at Comsat. Sprint’s existing 51 percent ownership of Clearwire is particularly important, because a shift to full control is unlikely to be seen as creating adverse effects on competition, Goodman told us, noting that the two “were already basically working in parallel/partnership.” The Clearwire purchase should also get approval from federal regulators because it strengthens Sprint’s position against No. 1 carrier Verizon Wireless and No. 2 carrier AT&T, allowing more competition in the marketplace, a regulatory analyst told us. Michael Copps, a former FCC commissioner who is opposed to further carrier consolidation, disagreed, saying the consolidation implications in the Sprint-Clearwire deal merit FCC scrutiny. “If I was still on the commission, I'd be taking a good hard look at it,” he said.