Sprint (S) Closing in on Clearwire (CLWR) Deal

Sprint Nextel Corp. (NYSE:S) announced they should be able to take care of the pricing disagreement they have with its partner Clearwire Corp. (NASDAQ:CLWR).

The pricing battle has been going on since 2010, and has come close to ending the partnership, and still could if it isn't worked out.

Sprint Chief Executive Dan Hesse said, "Our Plan A is together with Clearwire, but we do have a Plan B. If we don't reach agreement, we will go and do our own thing."

The disagreement is over what Clearwire charges Sprint for the use its 4G wireless network.

Hesse has said he won't invest more money in Clearwire until the issue is resolved.

Clearwire closed Wednesday at $4.78, dropping $0.0475, or 0.98 percent. Sprint closed at $4.25, gaining $0.04, or 0.95 percent.