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.
(NASDAQ: CLWR) filed a preliminary proxy statement in connection with its definitive agreement with Sprint (NYSE: S) for Sprint to acquire the approximately 50 percent stake in Clearwire
that it does not already own.
The deal saw the non-profits leasing their spectrum to Clearwire
, in exchange for payments and discounted mobile hotspots and service.
Also, under the terms of the Indenture, dated as of December 8, 2010, by and among Clearwire
Communications LLC, Clearwire
DISH has offered Clearwire
stockholders a full dollar more per share than Sprint, and DISH's tender offer does not require any stockholder to sell against its will.
Corporation (NASDAQ:CLWR), through its operating subsidiaries, is a leading provider of 4G wireless broadband services covering more than 130 million people in the U.
has said it would need to raise about $600 million to build an LTE network.
Jacqueline Klinger, vice president at Northwest Atlantic, who represents Clearwire
with vice president Steve Gillman, said, "Our objective was to cover the key areas of metro region with corporate stores, and fill in with the franchisees.
Important Legal Information CREST FINANCIAL LIMITED AND OTHER PERSONS MAY BE DEEMED TO BE PARTICIPANTS (THE "PARTICIPANTS") IN A SOLICITATION OF PROXIES IN RESPECT OF THE PROPOSED MERGER OF CLEARWIRE
WITH SPRINT NEXTEL CORPORATION.
In a letter to the FCC, Crest said that the Commission erred last year when it approved the purchase by Sprint of the Clearwire
shares of Eagle River Investment, LLC through a Commission staff approval process-or pro forma review-instead of full Commission review.
Expansion Makes Clearwire
the Largest Single Private Employer in the County
HOUSTON, April 10, 2013 /PRNewswire/ -- Crest Financial Limited, the largest minority shareholder of Clearwire
Corporation (NASDAQ: CLWR), today filed a preliminary proxy statement that, when cleared by the Securities and Exchange Commission, will be used to urge Clearwire
stockholders to reject the proposed merger with Sprint Nextel Corporation.
any relief would not be available to a class of stockholders); (b) individual lawsuits seeking damages and other relief for breaches of fiduciary duty by Sprint and the Clearwire
Board for only the complaining stockholder (as Aurelius Capital Management LP has filed); and (c) a class action lawsuit seeking damages and other relief for breaches of fiduciary duty by Sprint and the Clearwire
Board (as several stockholders, including Crest, have filed).
NEW YORK -- Sprint Nextel's intention to buy Eagle River Holdings LLC's stake in Clearwire
David Schumacher, general counsel of Crest, said: "Glass Lewis's independent analysis and expert opinion confirm our view that Sprint is continuing to divert value away from Clearwire
and toward Sprint.