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It's the endgame for Sprint's Clearwire campaign, but it's not over yet. Despite Sprint's decision to boost its bid from $2.97 to $3.40 in the wake of shareholder protests, the deal's biggest detractor remains unimpressed. Yep, Crest Financial is still recommending a 'No' vote next Friday. In the SEC filing, they indicated it would be better [...]

In the face of shareholder opposition, [company id="s"] this morning delayed the vote on its bid for the half of Clearwire it doesn't already own in order to raise the bid. The original price of $2.97 had been getting substantial pushback from investors, especially from Crest Financial. The new bid price stands at $3.40, an [...]

In the ongoing wireless M&A soap opera, Clearwire has finally made up its mind to stick with the original plan, err the original Sprint buyout plan that is.  Today they sent out a letter to shareholders endorsing Sprint's offer to buy the company and its spectrum holdings for $2.97 per share in advance of the [...]

This sure is turning into a high stakes game of wireless M&A poker. In what will surely be the story of the week, Dish has now launched a $25.5B bid for [company id="s"] itself. That works out to something like $7/share, which Dish says represents a 13% premium to the bid by Softbank and is [...]

Sprint and Clearwire took the gloves off in an effort to win approval for their merger by playing what has become Clearwire's favored card. Yep, they have once again threatened to stop paying interest and thus default on their own debt, thereby forcing themselves into bankruptcy. And yes, I think it will probably work -- [...]

In a transaction update today, [company id="clwr"] revealed that it has decided to dip into the funds that [company id="s"] offered to lend it as part of its proposed merger of the company. They're going to take the $80M in financing Sprint provided for the month of March, which comes in the form of notes [...]

[company id="clwr"] filed a preliminary proxy statement related to the proposed merger with [company id="s"], but it left pretty much everything hanging where it has been since Dish made its unsolicited bid of $3.30. Things have gotten increasingly complicated of late, as the DOJ has asked the FCC not to decide until it makes its [...]

Now that the battle lines have been clearly drawn in the battle over the erstwhile WiMAX protagonist Clearwire, it's time for a poll.  Dish's higher bid for all or part of the company has thrown a potential wrench into the purchase, and several large investors are agitating for a better bid from Sprint/Softbank.  Sprint can [...]

I've been puzzling over what Dish's endgame here is with its competing bid for [company id='clwr'], and I think the murky waters are starting to clarify, if by no other means than the process of elimination. A Dish acquisition of Clearwire might be feasible in theory, but they must know they can't win this auction unless [...]

In a move that I did not expect, DISH has apparently made a competing bid for [company id="clwr"]. Yep, Clearwire says it has received and 'unsolicited, non-binding proposal from DISH' for $3.30 per share, attempting to take the prize away from Softbank/Sprint whose bid of $2.97 now stands in question. There are also options for [...]

Courtesy of Benzinga. The following are the M&A [...]

The move by Sprint/Softbank to buy the rest of Clearwire surprised nobody except with its timing, but there is nevertheless some dispute over the price.  After all, Sprint is buying a company that it owns a majority stake in, and therefore there is always the suspicion that minority shareholders will get the short end of [...]

Sprint Nextel Corporation (NYSE:S) revealed on Monday that it had reached a deal to buy out the 49 percent of Clearwire Corporation (NASDAQ:CLWR) that it does not already own for $2.2 billion or $2.97 a share. This price is a notch higher than the price that it had previously offered of $2.1 billion or $ [...]

It's officially tentative now: [company id="clwr"] has agreed to be acquired by its majority holder [company id="s"] for $2.97/share for the half Sprint doesn't already own. Official because they've entered into a definitive agreement, and tentative because it won't close until after the Softbank transaction does and is probably going to face some minority shareholder challenges [...]

Clearwire Corporation (NASDAQ:CLWR) shareholders are certainly not thrilled with the $2.1 billion offer from Sprint Nextel Corporation (NYSE:S). Reuters reports today that Mount Kellett Capital Management LP, which owns less than 4 percent of Clearwire’s stock, issued a letter urging the company’s board not to take the deal. ValueWalk has been following the potential deal between [...]

The rumors finally panned out, as a regulatory filing this morning revealed that [company id="s"] has proposed to buy the 49% of Clearwire that it doesn't own at $2.90 per share. That would total about $2.1B if it comes to pass, but this is still early in the process.  Sprint is after Clearwire's extensive spectrum holdings, [...]

In this week's chapter of how the wireless world turns, will Sprint finally get it over with at Clearwire, and why does Dish look so depressed now that it has official permission to enter the wireless biz at last? Ah well, it may be getting old but it's still drama. According to multiple reports, Sprint is [...]

As discussed previously, there is a shake-up underway in the U.S. mobile provider market. Japan's Softbank taking a 70% majority position in Sprint Nextel (NYSE: S) is just step one in its plan to shake the complacency out of the two leaders in the industry domestically, Verizon Communications (NYSE: VZ) and AT&T (NYSE: T). Another part of Softbank's plan was revealed recently when Sprint resumed majority control of Clearwire (Nasdaq: CLWR). It bought a 4.5% stake in Clearwire from Eagle...

Rating agency Standard & Poor’s (S&P) has announced that Clearwire Corporation (CLWR), which offers Wi-Max services in the U.S. will not be immediately affected by Japan-based Softbank’s 70% acquisition of Sprint-Nextel Corp (S) for about $20.1 billion. The rating firm is maintaining Clearwire’s CCC rating along with a Developing outlook despite Sprint-Nextel being its largest [...]

Third largest wireless carrier in the U.S. – Sprint-Nextel Corporation (S) – has been striving to achieve majority control over mobile virtual network operator (MVNO) Clearwire Corporation (CLWR). Recently, the third largest telecom operator of Japan Softbank entered into an agreement to purchase a 70% stake in Sprint for about $20.1 billion, which in turn, [...]

Well, the traders were apparently both right and oh so wrong about Sprint's plans for Clearwire. In the wake of the Softbank deal announcement, reports this morning have Sprint moving to take control of Clearwire by simply boosting their ownership stake above 50%. Supposedly they are buying a 4.5% stake from Eagle River, which will give [...]

One immediate response to yesterday's blockbuster $20.1B deal between Softbank and Sprint has been speculation that Clearwire might be next. Indeed, Clearwire's has gotten a gigantic boost lately, gaining 100% since the middle of last week as traders try to forecast the next move. But there are reasons why nothing is likely to be imminent, [...]

Time Warner Cable Inc. (TWC) has decided to sell its 7.8% stake in Clearwire Corp. (CLWR) for a nationwide WiMAX network. In November 2008, Time Warner Cable acquired 46.4 million shares of Clearwire for $550 million. Clearwire has formed a venture combining its infrastructure together with the wireless network of Sprint Nextel Corp. (S) to [...]

Clearwire Corporation (CLWR), which offers mobile and fixed wireless broadband communication, services to retail and wholesale customers in the U.S. may defer its TDD-LTE 4G network rollout plan as the company will loose Comcast Corporation (CMCSA), another major strategic partner from its board. Major companies like Comcast Corporation, Time Warner Cable Inc. (TWC), Bright House Networks, [...]

Time Warner Cable Inc (NYSE:TWC), the second-largest U.S. cable company, is planning to sell its stake in wireless service provider Clearwire Corporation (NASDAQ:CLWR). The move was announced in a document filed with U.S. Securities and Exchange Commission on Friday. The plan to sell its stake in Clearwire follows the cable company's agreement to sell spectrum to Clearwater's [...]

[company id='elnk'] is planning another foray into wireless services, this time with 4G. This morning they and [company id="clwr"] announced a wholesale 4G agreement that will help power Earthlink's wireless internet service. By 4G here, they mean WiMAX for now, with an eye toward LTE services in the future. For EarthLink this is a consumer offering [...]

It was revealed on Tuesday that Sprint Nextel (NYSE: S) is no longer the majority shareholder of Clearwire (NASDAQ: CLWR), now owning less than 50%, although it is still the largest shareholder. The relationship between the two companies has been turbulent to say the least, with the two companies working together to develop their 4G network. Both companies have stated that their working relationship will not change as a result of this news. As of Tuesday morning, Sprint was unable to...

Following Clearwire's balance sheet moves over the winter, Sprint's ownership stake in the company has fallen below the 50% threshold. The company says, therefore, it is reclaiming its full voting rights since it is no longer at risk of having a Clearwire default trigger on its own debt. Since Sprint and Clearwire's plans are mostly aligned [...]

In a thoroughly unsurprising move, [company id="s"] has now formally ended its wholesale partnership with LightSquared. While LightSquared remains publicly committed to finding a way to use its spectrum, the FCC's decision to revoke the conditional approval they had granted a year earlier has left them without many options. Sprint had given the company extra [...]

Clearwire Corp. (CLWR), the unprofitable wireless-broadband provider, fell the most in two months after Google (GOOG) Inc. said it plans to sell its stake in the company. Clearwire declined 6.8 percent to $2.11 at the close in New York for the biggest one-day slump since Dec. 20. The stock has tumbled 56 percent in the past [...]

Following its deal with Sprint in December and subsequent raising of capital, [company id="clwr"] is out in the market again - this time looking to sell $300M in debt. And as a part of doing so, the company has pre-announced some unaudited Q4 numbers for us to look at.  Revenues of $362M were a bit above [...]

By Larry Gellar We’ve identified 5 stocks that analysts are a bit pessimistic about. For instance, many investors are questioning the future growth of big tech names like SAP and Juniper (JNPR). Meanwhile, Groupon’s (GRPN) business model has come under fire. And General Motors (GM) could suffer due to global economic problems. Clearwire (CLWR) has seen [...]

Sprint Nextel Corp. (S) entered a new network-sharing deal with Clearwire Corporation (CLWR). The new deal, worth $1.6 billion, is an extension of the existing one that was to expire by the end of next year. Sprint buys WiMax wireless capacity from Clearwire and then resells services to its own customers. As per the terms of [...]

WiMAX and now LTE upstart [company id='clwr'] said this morning that its underwriters have exercised their option to purchase those additional 26.25M shares as part of the company's public offering. That means another $52.5M in cash for the company's LTE buildout, making the total cash infusion just over $400M plus Sprint's matching purchases of Class [...]

As I figured they do if they could, [company id="clwr"] has expanded the size of its public offering to $350M from its initial $300M goal. oversubscription, the usual 15%. The shares have now also been priced at $2, a discount to todays closing stock price of $2.28 but not an unreasonable one. Meanwhile, [company id="s"] will [...]

WiMAX operator and LTE hopeful [company id="clwr"] is wasting no time following up on last week's financing deal with [company id="s"]. Clearwire said yesterday that it intends to sell up to $300M of its class A common stock in a public offering, with an additional $45M on tap for overflows. Of course, I strongly suspect [...]

They took it down to the wire, but [company id="s"] and [company id="clwr"] have made peace again. Clearwire will make the $237M debt payment that they had threatened to default on, and Sprint has offered them up to $1.6B in funding and payments for services, although not all at once and with strings attached of [...]

For the last month and a half, the media has likened the Sprint/Clearwire soap opera to a variety of games - baseball, global thermonuclear war, and of course chess. Now I'm a chess player, and these guys are not playing chess. In chess, there is only black and white, win or lose.  There is no alternative [...]

Courtesy of Benzinga. Shares of wireless broadband provider Clearwire (Nasdaq: CLWR) are off more than 24% on heavy volume in late trading after the stock was halted several times prior to news being released the company is mulling whether to make a massive [...]

The past few months have seen [company id='s'] all over the headlines on a weekly basis. It has seemed haphazard, but if one takes a step back and looks at it all as a package it's really not. They're playing hearts and they've spotted a chance to shoot the moon. Look at all their moves [...]

Sprint Nextel Corp (S.N) plans to offer debt in a private transaction and could use the proceeds to fund Clearwire Corp (CLWR.O). Sprint said it could also use the proceeds to pay back existing debt or fund its network upgrade. But that didn't stop Clearwire shares from rising 23 percent, because Sprint had previously refused to [...]

Embattled WiMAX provider and LTE hopeful [company id="clwr"] took a small step away from [company id="s"] by adding another wholesale customer. United Online will be selling a NetZero 4G high speed mobile broadband service via Clearwire's WiMAX network under a five year agreement.  They will be selling USB modems and personal hot spots, so this [...]

Ok, this morning along with their earnings report, Sprint's CEO Dan Hesse also disclosed a tentative, non-binding agreement with Clearwire. The two will work together on Clearwire's LTE buildout, extending the companies' relationship beyond the end of 2012 when Sprint said a few weeks ago it would stop selling WiMAX devices and build its own [...]

Lee Hobson 's hedge fund Highside Capital filed a 13G with the SEC regarding shares of Clearwire (CLWR). In it, Highside reveals a 5.5% ownership stake in CLWR with 16,174,400 shares. This marks a 129% increase in their position size since the end of the second quarter. Clearwire Volatile Lately Highside crossed the 5% threshold that required disclosure to the SEC on October 7th, the day Sprint (S) held their investor day . This is relevant because that day Sprint signaled that they...

Clearwire Corp. (CLWR) said today it expects quarterly revenues of approximately $332 million for the third quarter, representing an increase of approximately 126 percent year over year. Street view is for revenues of $322.62 million for the quarter. The company added that net wholesale subscriber additions are expected to total a record 1.9 million for third quarter 2011, representing approximately 29% sequential growth in ending wholesale subscribers. Third quarter 2011 ending subscribers...

Embattled WiMAX protagonist [company id="clwr"] took the bull by the horns this morning and pre-announced a selection of its Q3 results. The company expects to announce revenues of $332M, up from $294M in the second quarter. They also expect cost savings and revenue growth to drive their EBITDA loss to improve by more than 50% sequentially, [...]

Sprint's controversial move to build its own LTE network over the next two years and distance itself from Clearwire has left the WiMAX upstart in a sort of limbo. The company's path to postive EBITDA and cash flow had been charted through a combination of wholesale sales growth powered by the Sprint relationship and some [...]

With the proper focus, it's sometimes possible to see a business headed for trouble long before it occurs. Last summer, I told readers wireless service provider Clearwire Corp. (Nasdaq: CLWR) was in deeper trouble than Wall Street analysts were publicly conceding. The analysts were carrying "buy" ratings, even when the business was starting to collapse. [...]

With the proper focus, it's sometimes possible to see a business headed for trouble long before it occurs. Last summer, I told readers wireless service provider Clearwire Corp. (Nasdaq: CLWR) was in deeper trouble than Wall Street analysts were publicly conceding. The analysts were carrying "buy" ratings, even when the business was starting to collapse. [...]

Following the commitment by Sprint on Friday to an aggressive LTE buildout, the future of WiMAX upstart [company id="clwr"] is very much in doubt. Many would argue that was true before Friday as well given their cash burn rate, but with their primary wholesale partner saying they won't sell more WiMAX phones beyond next Christmas... [...]