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Clearwire Corporation (CLWRD) Message Board

  • stockwatcch stockwatcch May 23, 2013 12:34 AM Flag

    If Stanton is on board with this offer and Clearwire's structure prevents outside deals, then why did he attempt to strike a deal with Ergen

    Reading Clearwire's proxy tonight, I was reminded of Stanton's phone calls to Ergen.

    From BizJournals: "Then, on Oct. 11, Sprint, which owned nearly half of Clearwire, confirmed rumors it was in discussions with SoftBank for an investment. Sprint’s interest in Clearwire, seemingly cooling off in the preceding year, suddenly had new life, thanks to SoftBank. Stanton, the Clearwire chairman, picked up the phone later that day and “asked Mr. Ergen to consider with a sense of urgency a potential transaction between Dish and [Clearwire],” “Mr. Ergen highlighted the importance to Dish of first obtaining FCC approval.” Four days later, Sprint and SoftBank publicly announced they’d agreed to SoftBank investing $20 billion in Sprint, buying 70 percent of Sprint and funding the start of Sprint’s 4G LTE wireless network. On Oct. 26, Stanton again called Ergen to discuss deals between the companies."

    Sentiment: Hold

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