Sprint Nextel Corp raised its offer for Clearwire Corp by 7 cents per share to buy the rest of the wireless service provider for $2.2 billion.
Sprint, already the majority owner, will pay $2.97 per share for just under half of Clearwire.
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Sprint, whose previous offer price was criticized by some minority shareholders as too low, said the raised offer had the unanimous approval of Clearwire directors.
(Reporting by Sayantani Ghosh in Bangalore; Editing by Rodney Joyce)