Sprint Nextel (NYSE:S) has decided to approach Clearwire Corp for a multilayer agreement.
Overland Park based telecommunications company, Sprint Nextel (NYSE:S), has decided to approach Clearwire Corp. for extending the current agreement for 3 to 5 years.
It is reported that Sprint Nextel (NYSE:S) has to pay $1 billion to extend the services of Clearwire Corp, and it will help the media company which is currently going through a financial crisis.
Sprint Nextel (NYSE:S) is the largest wholesale customer of Clearwire Corp.
Sprint Nextel (NYSE:S) shares are currently standing at 2.61.

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