0
Wireless

Crest backs Sprint's improved offer for Clearwire

Thursday 4 July 2013 | 07:27 CET | News
Investment firm Crest Financial, a minority shareholder in US wireless internet operator Clearwire, has reversed its initial opposition to Clearwire's takeover bid from mobile operator Sprint Nextel. In an SEC filing, Crest states that it is supporting the deal after Sprint raised its offer to USD 5 per share, which is 14 percent more than the bid from pay TV operator Dish. Sprint already owns half of Clearwire, whose board has accepted its offer. Clearwire's shareholders are due to vote on the Sprint bid on 8 July. Sprint's shareholders approved a USD 21.6 billion takeover by Japan's

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Clearwire / Softbank / Sprint Nextel
Countries: United States
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Sprint, SoftBank complete merger

Published 11 Jul 2013 03:53 CET | United States
Sprint and SoftBank have completed their merger. SoftBank invested around USD 21.6 billion in Sprint, consisting of USD 16.6 ...

Sprint launches mobile browser extension platform

Published 08 Jul 2013 19:03 CET | United States
Sprint has announced the launch of the Lumen Toolbar, which allows Sprint customers to intuitively share content, find deals and ...

Sprint, SoftBank announce preliminary cash, stock elections

Published 08 Jul 2013 15:11 CET | World
Sprint Nextel and SoftBank have announced preliminary results of elections made by Sprint shareholders regarding their ...

FCC approves Sprint, Clearwire deals

Published 08 Jul 2013 04:23 CET | United States
The Federal Communications Commission (FCC) has voted unanimously to approve the proposed transactions by SoftBank, Sprint and ...

SoftBank bid for Sprint receives FCC support - report

Published 03 Jul 2013 15:51 CET | United States
SoftBank's USD 21.6 billion bid for mobile carrier Sprint Nextel won the support it needs from the last US regulatory body ...

Dish withdraws Clearwire tender offer

Published 26 Jun 2013 22:47 CET | United States
Dish Network has announced that it is withdrawing its tender offer to acquire Clearwire. While Clearwire's board had earlier ...

Sprint increases offer for Clearwire

Published 20 Jun 2013 22:37 CET | United States
Sprint has increased its offer to acquire the approximately 50 percent of Clearwire it does not currently own to USD 5.00 per ...

Dish leaves Sprint offer unchanged

Published 19 Jun 2013 08:54 CET | United States
Dish Network said it did not submit a new offer for Sprint Nextel by the 18 June deadline set by the company. According to Dish, ...

Sprint sues Dish, Clearwire over takeover bid

Published 18 Jun 2013 08:54 CET | United States
Sprint has sued Dish Network and Clearwire, claiming that if completed, Dish's takeover of Clearwire would violate Deleware law, ...

Sprint increases bid for Clearwire

Published 21 May 2013 15:25 CET | United States
Sprint has increased its offer to buy the rest of Clearwire by 14 percent, saying this is its "best and final offer". It's now ...

Clearwire shareholders to push for higher buyout

Published 06 May 2013 19:19 CET | United States
Some Clearwire shareholders have formed a group with the aim of getting a higher buyout prices for the mobile broadband provider ...

Crest Financial urges Clearwire to reconsider Sprint merger

Published 24 Apr 2013 15:52 CET | United States
The largest minority stockholder of Clearwire, Crest Financial Limited has written a letter to Clearwire's board detailing in ...





Calendar   /   Industry Events

21 Oct Logitech fiscal Q2
21 Oct Brand Marketing and Digital Summit
22 Oct DNA Q3 2019
22 Oct Calix Q3 2019
22 Oct Grameenphone Q3 2019
22 Oct Snap Q3 2019
22 Oct MWC Los Angeles 2019
23 Oct Orange Belgium Q3 2019
23 Oct Telenor Q3 2019
23 Oct Millicom Q3 2019
23 Oct Rogers Communications Q3 2019
23 Oct Microsoft fiscal Q1
23 Oct Netgear Q3 2019
23 Oct Annual Customer Service Summit
24 Oct Netia Q3 2019
24 Oct Comcast Q3 2019
24 Oct Nokia Q3 2019
24 Oct Juniper Networks Q3 2019
24 Oct Norwegian telecoms market H1 report
24 Oct Smith Micro Q3 2019
24 Oct Verisign Q3 2019
24 Oct STMicroelectronics Q3 2019
24 Oct Televisa Q3 2019
24 Oct Nordic Entertainment Q3 2019
24 Oct Amazon Q3 2019
24 Oct HKBN fiscal FY
24 Oct Maxlinear Q3 2019
25 Oct Verizon Q3 2019
25 Oct Shaw Communications fiscal Q4
25 Oct Charter Communications Q3 2019
::: More Calendar Items