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Wireless

Sprint increases offer for Clearwire

Thursday 20 June 2013 | 22:37 CET | News
Sprint has increased its offer to acquire the approximately 50 percent of Clearwire it does not currently own to USD 5.00 per share, valuing Clearwire at approximately USD 14 billion, or about USD 0.30 per MHz pop. This increased offer represents a 47 percent premium to Sprint's previous offer of USD 3.40 per share announced on 21 May and a 285 percent premium to Clearwire's closing share price on 10 October 2012, the day before the Sprint-SoftBank discussions were first confirmed in the marketplace and Clearwire was speculated to be part of that transaction. This offer also represents a 14

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Categories: Mobile & Wireless
Companies: Bright House Networks / Clearwire / Comcast / Dish Network / Intel / Softbank / Sprint
Countries: United States
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