Monday, April 24, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Micron and Microsoft To Collaborate On Internet of Things Security
The New Radeon Pro Duo Delivers The Power of Two Polaris 10 GPUs
Toshiba to Spin Off 4 Operations
Seagate And DJI Announce New Portable Drive For Storing Drone Footage
Nikon Takes Legal Actions Against ASML and Carl Zeiss Over Semiconductor Lithography Patents
LG X Power 2 Smartphone Packs A Huge Battery
Questions Remain About The Fate Of Toshiba's HDD and SSD Business
SK Hynix Develops First 8Gb GDDR6
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Mobiles > Clearwi...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, March 28, 2013
Clearwire To Accept Sprint Funds


Clearwire today announced that it has elected to take the $80 million April draw under the terms of its agreements with Sprint Nextel, which is seeking to buy it, reducing the chances for rival bidder Dish Network.

Besides Sprint's offer to buy the remaining stake of Clearwire, DISH Network has made an unsolicited, non-binding proposal for the company. Clearwire's board of directors has engaged in discussions with DISH concerning its proposal and with Sprint over the course of the last three months, and said it intends to continue such discussions.

Sprint's December deal to buy out Clearwire included the option for the smaller company to draw on $800 million in convertible debt in 10 monthly installments. The company also drew on the financing in March but it had declined the offer in January and February because it was considering the Dish offer.

Clearwire said it had not made any determination as to whether to take any future draws under the Sprint Financing Agreements and has not made any determination to change its recommendation of the current Sprint transaction.


Previous
Next
Microsoft Publishes List Of Its Patents on the Web        All News        AT&T, UK Carriers To Start Taking Orders For Galaxy S 4
Facebook Teases With Android-related Product Announcement     Mobiles News      AT&T, UK Carriers To Start Taking Orders For Galaxy S 4

Get RSS feed Easy Print E-Mail this Message

Related News
SoftBank To Offload Sprint: report
Sprint is Buying Stake in Tidal
Sprint Offers 50 Percent Off If You Switch From Verizon, AT&T and T-Mobile Rate Plans
Sprint Offers New iPhones With $1 Plan Trade-in Plan
Sprint Is Offering Cheap Plan For New iPhones
Sprint Has A New, All-included Rate Plan For You
Sprint Loses $30m Patent Battle
RadioShack Reaches Asset Purchase Agreement with Sprint To Acquire Its Stores
Sprint To Take Over RadioShack Stores: report
Sprint Takes On AT&T, Verizon With Half-Price Promotion
AT&T, Sprint Start Offering the Nexus 6
Sprint To Cut More Jobs

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .