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Even as shareholder opposition makes it increasingly unlikely Sprint's (S +0.1%) $2.97/share...

Even as shareholder opposition makes it increasingly unlikely Sprint's (S +0.1%) $2.97/share offer for Clearwire will succeed, Clearwire (CLWR -0.1%) insists in a shareholder letter the offer "provides the best strategic alternative" for the 4G carrier/spectrum owner's minority shareholders. Clearwire cites a "substantial funding gap" among its reasons for backing Sprint's bid, and claims other deals, such as Dish's (DISH) $3.30/share offer, are impractical due to Sprint's opposition and Clearwire's governance structure. Shareholders vote on May 21.
Comments (3)
  • Fizziwigs
    , contributor
    Comments (4) | Send Message
     
    SPECTRUM! SPECTRUM! SPECTRUM! has value, before and after May 21.
    6 May 2013, 01:16 PM Reply Like
  • milehr
    , contributor
    Comments (464) | Send Message
     
    May be new management can better address funding gap.
    6 May 2013, 01:47 PM Reply Like
  • Robert Syputa
    , contributor
    Comments (131) | Send Message
     
    Sprint's bid to acquire the minority ownership of Clearwire is only a step in the process. It's 'failure' if far from final nor does it change the basic relationship between Sprint and the use of the 2.6GHz spectrum or the control it has through majority ownership and use.

     

    Upon 'failure': Sprint would continue to be the 90%+ 'customer' of CW's spectrum/networks.
    No other offer would supplant S or offer to make the scale of use to redeem the 'value' of the spectrum.
    Sprint-Softbank would go ahead with their plans. Clearwire would continue their own grave of debt deeper.
    Inevitably, shareholders with dreams of sugarplums in their heads will wake up.
    6 May 2013, 02:03 PM Reply Like
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