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The Federal Communications Commission does not reportedly intend to demand the sale of any...

The Federal Communications Commission does not reportedly intend to demand the sale of any spectrum as part of Sprint's (S) purchase of the almost 50% in Clearwire (CLWR) that it doesn't already own. FCC commissioners could vote on an order recommending the deal today, as well as on SoftBank's (SFTBF.PK) purchase of Sprint. FCC approval of the latter transaction is the last hurdle the companies have to overcome.
Comments (4)
  • zanajohn1
    , contributor
    Comments (76) | Send Message
     
    A complete win for the black hats.
    28 Jun 2013, 08:36 AM Reply Like
  • slebel
    , contributor
    Comments (19) | Send Message
     
    Zanajohn1, please explain further. Bolstering Sprint should bring more competition to the cell phone market place. Verizon and ATT have had their way with us with pricing for their plans, upgrade fees, etc... for quite some time.
    28 Jun 2013, 12:30 PM Reply Like
  • biffster7199
    , contributor
    Comments (70) | Send Message
     
    Unfortunately bolstering Sprint and therefore bringing more competition (a good thing) is coming at the expense of long-term INVESTORS in clearwire who have suffered these last several years at the hands of Sprint and their self-serving actions with regards to clearwire :/
    29 Jun 2013, 01:06 AM Reply Like
  • zanajohn1
    , contributor
    Comments (76) | Send Message
     
    slebel: Hesse and Stanton are bad guys. Concerning Sprint specifically, their actions over the past 2 years with Clearwire begs for a fairness review by the FCC and demands a complete deal fairness review by Delaware courts. Their actions have been a direct assault on the minority holders of CLWR with the sole purpose of a squeeze out merger and take-under. If allowed, every CEO will be incentivized to spin out a business, seek an IPO/secondary and then take back the company at a lower price with its new minority shareholder funds. That's not a whine, just the way it is.
    29 Jun 2013, 11:42 AM Reply Like
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