Sprint Eyes Aggressive Growth With Softbank Backing And Clearwire Spectrum

Softbank has finally completed its $21.6 billion takeover of the third largest wireless carrier in the U.S., which gives it a 78% controlling stake in what was formerly Sprint Nextel and will now be called Sprint Corporation. Sprint's dropping of the Nextel moniker is also symbolic of its recent shutdown of the iDEN network, which the carrier had assumed control of more than 7 years ago after merging with Nextel. The iDEN shutdown as well as the cash infusion from the Softbank merger paves the w...