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Wednesday, Aug 22
2012, 2:03 PM
More on RBC's downgrade of Clearwire (CLWR -8.7%): Analyst Jonathan Atkin says talks with...
More on RBC's downgrade of Clearwire (CLWR -8.7%): Analyst Jonathan Atkin says talks with management reinforced his belief in the value of Clearwire's spectrum. However, he sees "few prosepcts for near- or medium-term spectrum monetization;" is worried future auctions could hurt demand for Clearwire's spectrum; and thinks Sprint's 4G LTE buildout will hurt Clearwire's return on its LTE investment. Also, future spectrum-related moves from Sprint, Verizon, or Dish Network could act as negative catalysts.