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Sprint (S +7%) and Clearwire (CLWR +8.3%) jump after the Street takes kindly to Sprint CEO Dan...

  • Wednesday, September 19, 2012, 2:45 PM ET
    Sprint (S +7%) and Clearwire (CLWR +8.3%) jump after the Street takes kindly to Sprint CEO Dan Hesse's Goldman conference remarks. Hesse forecasts "significant consolidation" will hit the U.S. mobile industry (previous); claims the carrier has doubled its retention rate for defecting Nextel subs as it prepares to shut down Nextel's network; and suggests Sprint is open to making spectrum purchases. M&A targets Leap Wireless (LEAP +2.5%) and MetroPCS (PCS +3.9%) are also higher.
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    CLWR is the most obvious. Spectral synergies, operating relationships, known billing synergies, executive relationships, an operating network, and the elephant - a huge chunk of the MOST valuable spectrum. The current relationship is definitely favorable for Sprint, but it could get away from them. An acq might be a little more work, but it would lock down a very synergistic relationship.

    What about Canada? Not smart enough to know if there are opportunities there.
    21 Sep 2012, 09:13 AM Reply Like
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