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The FCC won't ask Sprint (S +0.5%) or Clearwire (CLWR +0.2%) to divest spectrum for their merger...

The FCC won't ask Sprint (S +0.5%) or Clearwire (CLWR +0.2%) to divest spectrum for their merger to be approved, sources tell Reuters. Rivals had complained the combined company would have an oversized spectrum position, and activist investor Crest Financial, which has long called Clearwire's spectrum undervalued, had asked the agency the force Sprint to sell some of it. Meanwhile, FCC acting chairwoman Mignon Clyburn has asked the agency to approve the Sprint/SoftBank deal.
Comments (3)
  • MorganBucks
    , contributor
    Comments (46) | Send Message
     
    Sweet!
    28 Jun 2013, 12:29 PM Reply Like
  • biffster7199
    , contributor
    Comments (53) | Send Message
     
    I agree it'll be sweet if it means another major wireless player decides that the 2.5 Ghz ecosystem is not to be passed up and therefore makes a bid (either for some or all) of clearwire (CLWR) . Next week will tell for sure!
    29 Jun 2013, 01:01 AM Reply Like
  • Dave"T"
    , contributor
    Comments (27) | Send Message
     
    Another example of corporate mismanagement getting rewarded, at the expense of the shareholders. The institutional investors have, most likely, been making a fortune shorting this stock.
    29 Jun 2013, 10:08 AM Reply Like
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