Ergen Throws DISHwater on Sprint/Clearwire Soap Opera

April 15, 2013   |   April 2013 Bond Updates
This story just gets more and more convoluted just as a good soap opera should. All it is missing is the organ chords at the end of the show to get you to tune in tomorrow. Clearwire garners bids almost weekly now for offers of help, money, moral support, or suitors who wish to save Pauline from the Perils of being tied by its abusive parent Sprint to the railroad tracks.  That's odd, wouldn't you say, for an entity (Clearwire)  that Sprint, its on again off again majority shareholder,  insists  has no real value. And don't forget for a moment that Sprint's CEO Joe Eutenauer was in NY in 2011 hosting meals for investors and talking openly about putting Clearwire down for the count into bankruptcy.   When its Board decided that was not the right path to pursue, then Hesse and Co. decided to starve Clearwire of traffic or funds one way or another. Sprint worked hard for more than two years to bring Clearwire to its knees with the long term scheme of buying it back for a song.

View more at: http://www.forbes.com/sites/joanlappin/2013/04/16/ergen-throws-dishwater-on-sprintclearwire-soap-opera/
 
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