“They stole Clearwire’s spectrum,” Hallaren said. “There’s a huge amount of value in those airwaves that they got extremely cheap,” he said.
You can't make any judgments based on share price alone, you need to look at how many shares are outstanding, in order to calculate the market cap. Then you can make an assessment of what's cheaper between the two.
Looking at Yahoo Finance at LEAP, they state pps of 7.98 and corresponding market cap of 631 million. Multiply x 2 to reflect PPS of $16/share and you'll see the market cap is 1262 million. I think CLWR market cap was around 4 billion or more at the $5 takeover price, over 3x more expensive than LEAP.
Now, think again if CLWR went for cheaper than LEAP or not ;)
Its over with Clearwire already. Write a book/case study - this has nothing to do with investing or operating any company now. If Halleren is so convinced something was stolen, he/his firm is free to sue Sprint-Sb. Many of the lawsuits claiming Clearwire was worth more have been dropped.
Halleran is highly prejudiced.. and makes little sense: He claims 'they' stole Clearwire/spectrum. Who is the 'they' he is talking about? Its the majority owners and founders that set up New Clearwire with letters of incorporation (rules) and dedicated equity rights holders agreements that they had the right to protect... What Halleran suggests is those factors be ignored... which is idiotic to the extreme.
Sprint has this spectrum now. When new auctions of government spectrum take place there will be a scramble for it and the government will pocket the proceeds. Given the limited amounts of spectrum available it's always possible that the government will take back unused spectrum resources.
Clearwire's 2500 spectrum is not valuable by itself but will be great to augment 800/1900. 1900 LTE is being rolled out now, 800mhz will be turned on later this year and increase coverage. 2500 LTE can be added later as they need capacity.