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Clearwire Plans to Tap Sprint Financing

bigsnake49

By bigsnake49
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bigsnake49 Member Level: LTE Advanced

bigsnake49

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Clearwire Corp plans to notify Sprint Nextel Corp on Thursday that it will tap another $80 million of financing in April as part of its deal with the No. 3 U.S. wireless carrier, Reuters reported Thursday, citing two people close to the matter.

In December, Sprint offered $2.97 per share to buy the rest of Clearwire that it doesn't own, and provided the wireless broadband operator up to $800 million in financing that it could draw on in installments of $80 million over 10 months.

 

 

You might as well kiss Dish's counteroffer goodbye.

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ericdabbs Member Level: LTE Advanced

ericdabbs

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Yup and the more Clearwire taps into Sprint for financing, the more voting power it should get for the deal from all the shares purchased. I can't wait until May to read a press release saying the Sprint/Softbank/Clearwire merger has been approved by the FCC. It would be such a glorious day.

 

Hopefully shortly after that the US Cellular spectrum deal will be approved by the FCC because Chicago badly needs that extra 20 MHz of PCS spectrum.

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Deval Member Level: LTE Advanced

Deval

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Yup and the more Clearwire taps into Sprint for financing, the more voting power it should get for the deal from all the shares purchased. I can't wait until May to read a press release saying the Sprint/Softbank/Clearwire merger has been approved by the FCC. It would be such a glorious day.

 

Hopefully shortly after that the US Cellular spectrum deal will be approved by the FCC because Chicago badly needs that extra 20 MHz of PCS spectrum.

 

I thought the US Cellular deal was approved already.

 

Although it will take some time before the changes go into effect.

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ericdabbs Member Level: LTE Advanced

ericdabbs

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I thought the US Cellular deal was approved already.

 

Although it will take some time before the changes go into effect.

 

Between both parties Sprint and US Cellular the deal has been reached. However, I don't think he deal has been approved by the FCC yet.

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Deval Member Level: LTE Advanced

Deval

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Also, US Cellular is going to continue operating that network for a couple years, will Sprint be able to tap into the spectrum?

 

I believe they sold off only parts of their spectrum in some markets.

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WiWavelength Member Level: LTE Advanced

WiWavelength

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Also, US Cellular is going to continue operating that network for a couple years, will Sprint be able to tap into the spectrum?

 

Potentially, yes. See the comments following my article:

 

http://s4gru.com/index.php?/blog/1/entry-334-updated-sprint-uscc-spectrum-deal-sprint-gets-20-mhz-broader-in-the-city-of-broad-shoulders/

 

AJ

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