Clearwire accepts USD80m down-payment from Sprint

28 Feb 2013

US WiMAX giant Clearwire has confirmed that it will take an USD80 million down-payment from Sprint Nextel, as part of the cellco’s USD2.97-per-share offer to buy the roughly 50% of Clearwire that it does not already own. Fierce Wireless reports that Clearwire had amended the existing deal so that it had until 28 February to decide whether or not to accept the financing. The move complicates rival suitor DISH Network’s USD3.30-per-share counterbid to Clearwire, since DISH had previously stated that it would withdraw its offer if Clearwire took the money.

United States, Clearwire, DISH Network, Sprint Corporation (now part of T-Mobile US)