Unsolicited offer for The Clearwire Corporation (NASDAQ:CLWR) spectrum- DISH, S

Boston, MA 04/15/2013 (wallstreetpr) – Even as a takeover bid from Sprint Nextel Corporation (NYSE:S) (Closed: $6.22, Down by 0.64%) is being considered by The Clearwire Corporation (NASDAQ:CLWR) (Closed: $3.26, Down by 0.31%) shareholders, the careworn company has received a totally unsolicited offer for acquisition of its licenses for internet access provisioning. In a regulatory filing the comoany said that an anonymous “strategic buyer” had put forth a proposal on April 8 for its airwave licenses in large markets. Clearwire said that the un-named party had offered $1 billion-$1.5 billion excluding the present net value of its leases and said that the amount could be a substantial one.

Competition heats up

Sprint owns a slight majority of Clearwire shares and has been in efforts to acquire those very same licenses by offering to buyout the other shareholders of the company at $2.97 per share. A competing bid of $3.30 per share has also come in from DISH Network Corp (NASDAQ:DISH) (Closed: $37.63, Up by 2.73%). Analysts are of the opinion that this new offer will pose some competition to Dish. No comment was forthcoming from the latter’s spokesperson, Bob Toevs. Clearwire’s airwaves would be valued at 23-30 cents per megahertz of capacity for every person who is covered. In comparison, Sprint had offered 21 cents.

Clearwire said that the board is deciding whether they want to make the interest payment on June 1 or not. The company also said that the two parties who had offered to lend money this month, Aurelius Capital Management LP and Crest Financial Ltd have been informed that that they are not prepared to accept the proposals that have been put forward by them.

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Published by Benjamin Roussey

Benjamin Roussey is from Sacramento, California. He has two master’s degrees and served four years in the U.S. Navy. His bachelor’s degree is from CSUS (1999) where he was on a baseball pitching scholarship. His second master’s degree is an MBA in Global Management from the University of Phoenix (2006). He has worked for small businesses, public agencies, and large corporations. He has lived in Korea and Saudi Arabia where he was an ESL instructor. Benjamin spends his time in between Northern California and Cabo San Lucas, Mexico, committing himself to his craft of freelance and website writing. http://www.facebook.com/ben.rouss

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