Seeking Alpha

Clearwire (CLWR +0.3%) will take another $80M monthly financing installment from Sprint (S...

Clearwire (CLWR +0.3%) will take another $80M monthly financing installment from Sprint (S +0.1%) as both companies now weight buyout offers from Dish (DISH +1.5%). Clearwire's move comes as Guugenheim downgrades Sprint to Hold on a belief Clearwire shareholders will shoot down Sprint's $2.97/share buyout offer (shares closed at $3.44), which is set for a May 21 vote. Guggenheim thinks SoftBank (SFTBF.PK) might stop Sprint from making a higher bid, since a successful deal could make Sprint more attractive to Dish (the firm deems Clearwire "Dish's real target"). (previous) (CLWR interest payment)
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