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Clearwire Corporation (CLWRD) Message Board

  • relevance2code relevance2code Mar 19, 2013 11:49 AM Flag

    Is it customary to pitch the FCC in person?

    That's a serious question for anyone who might know more about such matters. It seems slightly unusual to me. It tends to confirm what is already known. If the FCC rules favorably to Sprint they are getting a great deal on Clearwire spectrum. If the FCC rules otherwise, it could mess up their plans and cost them considerably more.

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    • mr stanton brought in slade gorton awhile back for times such as this....is slade earning his keep? the drama continues...

    • I just posted on the Sprint board about the same feelings . there has to be a major thing about this meeting for all three companies to be there. I wonder if it could be that the spectrum will be re class or capped and if so they may not like this. could be the FCC wants them to meet a few requirements or something with this merger.
      i do not think this is as much of a done deal as others say on this board. there are important issues to this merger and thats another reason the gov. is involved in it also.

      • 1 Reply to ohiodude44054
      • Reading through the Bancroft letter to Marlene Dortch, Secretary FCC dated March 12, 2013 , you can clearly see a well supported position for the Delaware courts “overall fairness review” for anything near the $2.97 takeunder by SB-S.

        This particular letter may have little influence at the FCC concerning the disposition of foreign spectrum ownership or control, however should directly influence activity by the FBI who were also party to the request for a delay on the petition to deny. In fact, with the recent overt action of excessive compensation payouts for support of the takeunder, we may well see the SEC get involved if for no other reason than the current administration concern for appearing to support fat-cat backroom deals. Be that as it may, you can bet SB-S has considered that any post takeunder settlement ordered by the Delaware courts will likely be in the hundreds-of-millions and not the billions of dollars of value which they seek to run off with.

        We can hope it is on that basis our government officials will encourage a more activist role for the FCC to act in this case, regardless of the “basis or jurisdiction” protests by Sprint and SoftBank. That is the nuts and bolts of how things work on a day-to-day basis when a government wants to address the disregard for fairness by a corporation or certainly a foreign corporation.

 

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