Sprint in Play Now Itself Sees Losses Mount in Current Quarter |
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April 24, 2013 |
April 2013 Bond Updates
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The Sprint / Clearwire saga continues to unfold. Clearwire has scheduled a shareholder vote on May 21, 2013. Crest has filed more papers wherever it can think of to file them and became an ongoing irritant to Sprint in its efforts to stuff Clearwire shareholders with a gross underbid for the value of its vast spectrum position. It has also now proceeded to file an opposing proxy statement. The fact that Verizon has recently spoken of its interest in buying some of that spectrum should also underscore the undervaluation that shareholders of Clearwire find so noxious. It also makes threats to go bankrupt even more ridiculous when there are multiple viable options for a home for that frequency.
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View more at: http://www.forbes.com/sites/joanlappin/2013/04/24/sprint-in-play-now-itself-sees-losses-mount-in-current-quarter/
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