After a rigorous and extensive two-year process, Clearwire
pursued numerous strategic opportunities, including discussing the sale of spectrum with no fewer than 10 parties and a series of ongoing conversations with DISH that date back to 2010.
The suit said, "Sprint is appropriating the commercial spectrum capacity provided by plaintiffs under contract with Clearwire
for use in Sprint's own broadband wireless network without the consent of plaintiffs to this diversion.
Crest's letter explained: "The Clearwire
Board is duty-bound to promote this competitive process.
Last Thursday, Sprint and Clearwire
announced a series of deals worth as much as $1.
HOUSTON, April 24, 2013 /PRNewswire/ -- Crest Financial Limited, the largest minority stockholder of Clearwire
Corporation (NASDAQ: CLWR), today filed with the Securities and Exchange Commission (SEC) a revised preliminary proxy statement regarding the proposed merger between Clearwire
Corporation and Sprint Nextel Corporation.
By approving the Eagle River transaction as a pro forma transaction, the Commission has effectively taken Clearwire
and its spectrum off the market," the Crest letter states.
Corporation (NASDAQ: CLWR), a leading provider of wireless broadband services and operator of the largest 4G network in the country, today announced plans to expand its East Milton customer care call center facility at the Santa Rosa Industrial Park.
In the preliminary proxy statement, Crest reiterates that it opposes the Sprint-Clearwire
merger because it believes that "it would be better for Clearwire
to remain a stand-alone company" because the Sprint offer of $2.
The full letters to the Clearwire
Board and the letter to the Clearwire
stockholders can be found at http://www.
Comcast and Intel also have meaningful stakes in Clearwire
, including control of three board seats.
Schumacher added: "If Sprint's bid for Clearwire
fails, it is not certain that a Sprint-SoftBank or Sprint-DISH transaction will actually materialize.
Pardus"), a New York-based alternative investment manager, today released the letter it sent to Clearwire
Corporation's (NASDAQ: CLWR) Chairman of the Board and Interim CEO John Stanton on May 20, 2011, following market inquiries.