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Monday, December 17, 2012

BRIEF-Clearwire says was unable to reach alternative deals to Sprint, (NYSE: S)

Sprint Nextel Corp : * CEO says does not expect Clearwire deal to affect timing of Softbank deal if it can begin Clearwire deal process immediately * CEO says 21 cents per megahertz/pop is a "very fair price" for clearwire'sspectrum * Clearwire CEO says was not able to earch agreements for alternativepartnerships to Sprint, could not sell the co to another buyer because of itsgovernance terms * Clearwire CEO says looked to sell spectrum recently but received no new

Sprint Nextel Corporation (Sprint) is a holding company, with its operations primarily conducted by its subsidiaries. Shares of S remained unchanged at $5.55. In the past year, the shares have traded as low as $2.10 and as high as $6.04. On average, 65806400 shares of S exchange hands on a given day and today's volume is recorded at 780238.