All Things D: Clearwire reported first-quarter results on Wednesday that included a more than doubling of revenue to $242 million. However, the WiMax network operator also posted a big loss as it took hefty charges related to, among other things, towers it no longer expects to build.
The Verge - Verizon is looking to buy Clearwire spectrum leases for $1.5 billion, The Wall Street Journal reports. Clearwire has disclosed an offer for spectrum in major US markets from "Party J," which anonymous sources tell the Journal is Verizon. According to the filing text, the offer is for between $1 billion and $1.5 billion dollars, from which the present price of the spectrum leases would be deducted. Clearwire says it is still evaluating the decision, and a spokesperson has declined to comment to us.
Forbes : There will be no gigantic new bid for Clearwire.
The mobile wireless broadband provider this morning it has accepted Sprint‘s offer to buy the 50% stake in the company it does not already own for about $2.97 a share, for a total payment of $2.2 billion not counting Sprint’s existing stake.
WSJ: Sprint Nextel Corp. offered to acquire the 49% of Clearwire Corp. that Sprint doesn't already own for $2.90 a share, moving to consolidate a longtime partner that is key to the cellphone carrier's strategy.
