Boston, MA 04\/15\/2013 (wallstreetpr) \u2013 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 \u201cstrategic buyer\u201d 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.<\/p>\n
Competition heats up<\/b><\/p>\n
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\u2019s spokesperson, Bob Toevs. Clearwire\u2019s 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.<\/p>\n
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.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 04\/15\/2013 (wallstreetpr) \u2013 Even as a takeover bid from Sprint Nextel Corporation (NYSE:S) (Closed: $6.22, Down by 0.64%) is being considered by The […]<\/p>\n","protected":false},"author":15,"featured_media":6081,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[1647,1645,1492,916,1217,1646],"stock_ticker":[],"class_list":["post-6080","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-clearwire-corporation-nasdaqclwr","tag-dish-network-corp-nasdaqdish","tag-nasdaqclwr","tag-nasdaqdish","tag-nyses","tag-sprint-nextel-corporation-nyses","entry"],"acf":[],"yoast_head":"\n