Clearwire will accept Sprint's offer to borrow notes

02/26/2013 | All Things D · Wall Street Journal, The

Clearwire took another step toward embracing Sprint Nextel's bid for the carrier's spectrum by starting to draw on Sprint's offer of financing despite a competing bid from DISH Network that is technically more lucrative. Dissident Clearwire shareholder Crest Financial told the Federal Communications Commission that the Sprint bid drastically undervalues the value of Clearwire's spectrum and that Crest believes it is not in the public interest.

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All Things D · Wall Street Journal, The

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