Clearwire buys BST Spectrum

The Biz Journal reports that "AT&T Inc. has agreed to sell Clearwire Corp. all 2.5 GHz of wireless spectrum controlled by the former BellSouth Corp. for $300 million in cash....the spectrum is currently located throughout BellSouth's nine-state territory. BellSouth first acquired the spectrum in the 1990s. ... The sale includes BellSouth's education broadband service spectrum, which is reserved for accredited education institutions. The sale also includes broadband radio service spectrum, which is used for the commercial delivery of high-speed wireless broadband services. " [Forbes.com also has some info.] Also, Clearwire is planning an IPO, hoping for $500M.