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Clearwire Corporation (CLWRD) Message Board

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  • teamrep teamrep Nov 16, 2012 8:03 PM Flag

    Why SB acquire CW shares?

    Your guess makes sense: I don't see much reason to acquire much more... maybe some just to make their rights clear. Sprint has made overtures to existing stake holders who reported turned down the offer. However, S-SB will likely keep that offer on the shelf and might pick up some in the open market. There is not much rationale for doing that other than legal and positioning clarity.

    I agree that the debt is where SB will concentrate: it would be such an obvious benefit to clear out that high interest rate junk bond status quagmire. The debt can be viewed as the cost of the spectrum plus come ongoing operational network assets... its best to convert that to internally funded debt or run it back out as restructured debt instruments under the new company. SB-S should be able to secure future debt at competitive rates.

 

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