Clearwire says received unsolicited bid for spectrum on April 8

April 12, 2013

Clearwire (CLWR) disclosed in a regulatory filing that on April 8, the company received an unsolicited, non-binding written proposal from a strategic buyer in which the buyer offered to acquire Clearwire spectrum leases generally located in large markets that cover approximately 5B MHz-POPs at a gross price of approximately $1B-$1.5B, less the present value of the spectrum leases. The special committee will, consistent with its evaluate this proposal and engage in discussions with the potential buyer and Sprint (S) as appropriate. Clearwire also confirmed that on April 9, the company received an unsolicited, non-binding written proposal from Aurelius Capital in which Aurelius proposed to provide the company $80M in financing through exchangeable notes.