New York, December 13, 2012 -- Moody's: Today, Sprint Nextel Corporation ("Sprint"; B1, on review for upgrade) offered to buy the remaining 49% stake of Clearwire Corp. ("Clearwire"; Caa2, stable) that Sprint does not already own. Sprint's offer of $2.90 a share in cash for Clearwire totals $2.1 billion. If a definitive agreement is reached and a transaction is consummated, Moody's believes the deal would be credit positive for Sprint and Clearwire.

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