Sprint has declared that it's no longer Clearwire's majority owner in a move designed to shield the carrier should the worst happen to its troubled bedfellow. While Big Yellow is planning to supplement its own LTE network with Clearwire's TD-LTE backbone, it's looked to distance itself on the business side from a company that finds it very hard to make money -- requiring handouts from Sprint just to stay afloat.

Sprint stops being Clearwire's majority owner originally appeared on Engadget on Mon, 11 Jun 2012 12:18:00 EDT. Please see our terms for use of feeds.