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What: Shares of wireless network operator Clearwire
So what: Bloomberg reports that Clearwire wants to sell some of its wireless spectrum licenses for as much as $5 billion, instantly relieving pressure on a shaky balance sheet and funding lots of future growth. Even after such a sale, Clearwire would hang on to about two-thirds of its licensed bandwidth.
Now what: Considering that Clearwire's balance sheet values its spectrum licenses as $4.45 billion in total, selling one-third of that for $5 billion would provide an awesome return on that investment. If this deal happens as described, Clearwire becomes more independent from joined-at-the-hip partner Sprint Nextel
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Fool contributor Anders Bylund holds no position in any of the companies discussed here. Sprint Nextel is a Motley Fool Inside Value selection. Try any of our Foolish newsletter services free for 30 days. True to its name, The Motley Fool is made up of a motley assortment of writers and analysts, each with a unique perspective; sometimes we agree, sometimes we disagree, but we all believe in the power of learning from each other through our Foolish community. The Motley Fool is investors writing for investors.