Sprint execs leave Clearwire board out of an 'abundance of caution'

Well, it looks like Sprint and Clearwire aren't taking any chances when it comes to some of the new antitrust rules now in place. Clearwire has just announced that the three Sprint executives now on its board will be resigning out of an "abundance of caution" -- that includes Sprint CEO Dan Hesse, along with division presidents Keith O. Cowan and Steven L. Elfman. Not many more details than that at the moment, but Sprint does still hang onto the right to appoint members to the Clearwire board, and the four Sprint appointees currently on the board will remain in place. As The Wall Street Journal notes, however, the move would seem to clear the way for Clearwire to potentially make another deal, although no one involved is saying anything publicly at the moment beyond what's in the brief press release after the break.

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Sprint execs leave Clearwire board out of an 'abundance of caution' originally appeared on Engadget on Thu, 30 Sep 2010 18:09:00 EDT. Please see our terms for use of feeds.

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