Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Clearwire
So what: Sprint gets $9 billion in cash to help run LightSquared's LTE network. Terms also call for the carrier to receive $4.5 billion in credits to buy access to the network, which would, in theory, reduce Sprint's reliance on Clearwire and its rival standard to deliver 4G service, The Associated Press reports. Interestingly, investors hated the terms of Sprint's deal; the telecom's shares slumped nearly 20% on the news.
Now what: Forget for a moment Sprint's newfound love for LightSquared. AT&T
Interested in more info on Clearwire? Add it to your watchlist .