Sprint (S) is working on a fancy move to take control of Clearwire without buying it, according...

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horseman Comments (113)
 
Well, this sounds interesting, but, WHAT does it ALL mean to an investor today?
17 Oct 2012, 09:36 PM Reply Like

Deja Vu Comments (610)
 
Possibly that CLWR stock looks like Wile E. Coyote walking on air tonight. You know what happens when he looks down...
17 Oct 2012, 10:16 PM Reply Like

usersignup Comments (10)
 
I can't see that this is good for PPS.
18 Oct 2012, 12:30 AM Reply Like

Gerard Hallaren Comments (176)
 
Sprint already has a majority with 7 of 13 directors.. In its current form, God only knows what Sprint will try to do to or with Clearwire. It could team with both Intel and Comcast. The problem is that Craig McCaw's Eagle River pretty much has veto rights on corporate actions -- board construction, if it feels that it or the public is unfairly treated. Frankly, I am not sure McCaw will assert these rights. I also suspect, but do not know, the FCC conditions around Comcast's deal with Verizon likely limits its ability to act.

With Softbank calling the shots, I expect Sprint will take a more rational approach to Clearwire's business and governance.
17 Oct 2012, 09:36 PM Reply Like

richaun Comments (4)
 
Is this what's known as a hostile takeover?
17 Oct 2012, 10:27 PM Reply Like

Gerard Hallaren Comments (176)
 
Bloomeberg is now reporting that Sprint has agreed to buy Eagle Rivier's Clearwire holdings.

http://bloom.bg/U6EdFN

If this is true, Craig McCaw is the wimp so many say he is. Ditto for Ben Wolff.
17 Oct 2012, 10:34 PM Reply Like

Sand Paints Comments (56)
 
I think it is good news for both Sprint and Clearwire. This move triggers some financial requirements for Sprint to payoff the debts holders of CLWR in order to take controlling interest - greatly improving CLWR ability to be profitable on current business operations.

Softbank CEO Son is reported to travel to the U.S. this week to explain the merger to Sprint investors, and Sprint is to obtain a $3 Billion payment October 24th for network build out of the Network Vision / CLWR TD-LTE network. More details approaching obviously.

Eagle River made their own decision, and they are still entitled to that in a free enterprise system, so those that don't like it need to man up themselves. IMO, this is going to work itself out much to the better for everyone including the telecom market and the consumer.

Both Sprint and CLWR are scheduled to present their Q3 earnings reports and CC's on October 25th. Very timely and sure to be greatly interesting.
17 Oct 2012, 10:50 PM Reply Like