Also, under the terms of the Indenture, dated as of December 8, 2010, by and among Clearwire
Communications LLC, Clearwire
has said it would need to raise about $600 million to build an LTE network.
deploys a next-generation, non-line-of-sight technology that allows customers to connect to the Internet via a signal sent across the airwaves rather than across wires.
In connection with the transaction, Clearwire
has filed a Rule 13e-3 Transaction Statement and a preliminary proxy statement with the SEC.
is a provider of 4G wireless broadband services offering services in areas of the US.
Sprint is Clearwire
s largest shareholder, holding nearly half of Clearwire
ended up being down more than 21% for the day.
But because of its large holding of radio spectrum, Clearwire
said it will be able to keep its WiMax network and keep offering services on it indefinitely.
Sprint made an amendment to a long-term agreement it had with Clearwire
over wholepricing terms.
Sprint believes its agreement to acquire Clearwire
, which offers Clearwire
shareholders certain and attractive value, is superior to the highly conditional DISH proposal.
57) per share in cash offer for the remaining 50% in wireless broadband operator Clearwire
Corp (NASDAQ:CLWR) it does not already own to USD5.
M2 EQUITYBITES-June 21, 2013-Sprint lifts Clearwire
offer to USD5.
Currently that offer is to acquire all outstanding common shares of Clearwire
at a price of USD4.
The Delaware law permits Clearwire
shareholders electing to exercise their appraisal rights to ask the Delaware Court of Chancery to determine the fair value of their Clearwire
common stock if the Sprint-Clearwire
merger is consummated and certain other conditions are satisfied.
Corporation (CLWR) shares are trading at USD1.