Crest Financial asks FCC to block Sprint, Clearwire merger

Wednesday 30 January 2013 | 16:11 CET | News
Crest Financial has formerly asked the Federal Communications Commission to block the proposed mergers between Softbank and Sprint and between Sprint and Clearwire. Crest, a substantial minority shareholder of Clearwire, argues in a petition filed late 28 January that the proposed transactions grossly undervalue the primary asset sought in both mergers, Clearwire's wireless spectrum. The filing notes that Sprint's offer for Clearwire sets the value of Clearwire's spectrum at no more than USD 0.21 per MHz POP and possibly as low as USD 0.13 per MHz POP. The Crest petition asserts that an

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Categories: Mobile & Wireless
Companies: Clearwire / FCC / Softbank / Sprint
Countries: United States
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