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Clearwire Clears One More Hurdle Before Merger Is Complete

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Clearwire is one step closer to finalizing its merger with Sprint Nextel’s WiMax division after it came to an agreement with iPCS, which filed a temporary injunction against the joint venture alleging that the new Clearwire (NSDQ: CLWR) will be violating a deal it has with Sprint (NYSE: S) Nextel to operate exclusively in some markets. iPCS of Schaumburg, Ill. withdrew the request after Sprint and Clearwire promised to give it two months notice before the venture launched services in its markets, reports Reuters. But a trial will still go forward in Illinois courts in December to determine whether Clearwire will be able to operate in those markets. The next step will take place on Thursday, when Clearwire shareholders vote on whether to approve the merger.

SEE ALSO: Judge Dismisses Two Claims In Case To Block The Clearwire-Sprint Nextel Joint Venture

Nov 18, 2008 2:13 AM ET

Posted In: Legal, Technologies / Formats, Broadband, WiMax, Companies, Clearwire, Sprint, ipcs

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