FCC Deadline for Clearwire takeover objections today, Jan 28th
The objections are significant. The court will have to look at each complaint separately so this can drag on to 2014 or beyond. That means SoftBank most likely will abort their takeover of Sprint. Then Sprint goes back to being an also ran telecom company with lots of debt. Does Sprint drop to $2 a share? Maybe. Meanwhile Clearwire is finally getting attention and not for it's debt but it's valuable spectrum. My view that is shared by others is that Dish wants Clearwire spectrum. They are bidding for all shares I believe with the exception of Sprint owned. But at their takeover price many will not sell so Ergen won't have to fork out as much as it would cost to buy every share. Smart strategy. Son if he were serious would haved topped Dish's bid. My opinion on the matter. SoftBank also has a lot of debt and would have to borrow more to top the Dish offer. Just one more reason that I don't think SoftBank will buy the 70% of Sprint.