Sprint's 4G network today depends on capital challenged Clearwire, which needs to build out its LTE network. The fix? Cut a deal with cable companies to help fund Clearwire.
According to Bloomberg, Sprint is trying to work out a deal where cable companies would back Clearwire and give it enough funding to build out an LTE network. In return cable companies---Comcast, Time Warner Cable and Brighthouse are already Clearwire investors---would be able to offer wireless services.
It's a bit sketchy how this deal would work. Sprint may buy the remaining shares of Clearwire it doesn't own, but such an arrangement could resolve a few issues.
Looks like a winning deal for everyone depending on the cash involved. It remains to be seen if this funding actually arrives though.