With all the competition in the 4G markets, Clearwire has been struggling and plans to offer $300 million worth of Class A shares to the public. Sprint has agreed to match Clearwire by buying a matching amount of Class B shares allowing them to maintain their 49.6 percent voting stake in the company. In the most recent Clearwire deal Sprint received a flat rate for 4G data access, which will help them offer more unlimited data services over the course of the next few years. With these recent changes this stock move could bring up to $600 million or more in new investments to the companies. With the net proceeds Clearwire plans to deploy 4G LTE, which is the standard that Sprint is adapting to.
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