April 29, 2013 2:04 PM

Clearwire draws $80 million more in financing from Sprint

The financing, part of a prearranged agreement with Overland Park-based Sprint, can be exchanged for Clearwire stock at $1.50 a share under certain conditions. The move gives Sprint a way to tighten its grip on Clearwire as a rival suitor, Dish Network Corp. seeks to wrest control of the wireless Internet company’s valuable airwaves – perhaps by acquiring Sprint itself

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