Report: Sprint does not expect a Clearwire bidding war with DISH

01/10/2013 | Reuters

Sprint Nextel is confident that it will still land Clearwire even after DISH Network entered a higher bid for the wireless service provider, according to a published report that points to several advantages Sprint holds in any negotiations. DISH's bid of $3.30 a share requires Sprint's approval as well as changes to Clearwire's corporate structure, which Sprint could block, sources noted. Finally, even if Clearwire's special meeting resulted in the selection of the DISH bid, Sprint could force shareholders to vote -- and the company holds a large block of the outstanding shares.

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