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June 26, 2013 7:00 PM

Dish Network drops bid for Sprint’s wireless network partner Clearwire

Dish’s withdrawal opens the way for Sprint to complete its planned purchase of the roughly 49 percent of Clearwire it doesn’t already own, said Jeff Silva, a telecommunications analyst at Medley Global Advisors. Clearwire is a key player in Sprint’s plan to compete against rivals Verizon, AT&T and T-Mobile.

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