Clearwire said Wednesday it plans to take $80...
Clearwire said Wednesday it plans to take $80 million in Sprint Nextel financing in March that was offered as part of Sprint’s buyout agreement, but said it hasn’t decided whether it will accept future financing amounts allowed under the agreement.…
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Sprint agreed in December to offer Clearwire up to $800 million in financing as part of the buyout deal, which is divided into $80 million note allotments over the span of 10 months that convert into stock. Clearwire said its actions don’t mean it has outright rejected a competing bid by Dish Network, though Dish has indicated it would withdraw its bid from consideration if Clearwire took the Sprint financing. Clearwire said a special committee examining the competing bids will continue discussions with both Dish and Sprint (http://bit.ly/XDdPE2).