Clearwire (CLWR) is down 2.5% premarket following Sprint's (S) deal with LightSquared, as it...

|About: Sprint Corporation (S)|By:, SA News Editor

Clearwire (CLWR) is down 2.5% premarket following Sprint's (S) deal with LightSquared, as it suggests Sprint will move away from its 4G partnership with Clearwire. Meanwhile, Sprint is down 10.1%, possibly a sign not only of disappointment with its Q2 results, but also that the market isn't pleased with the capex required as part of the LightSquared deal.