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Sprint Looking to Acquire Clearwire

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Would this be an acquisition or a repossession?

by MadFatMan    Dec 11, 2012, 6:41 PM

Clear (formally Clearwire) is in so deep to Sprint that they haven't even been able to meet their interest on their corporate loans let alone you could forget about any payment according to the terms of the agreement.

Just one poorly executed business deal with Clear one after another. Dan Hesse and Bob Johnson should of washed their hands of this debacle back in Q4 2008 when Clear used Sprint's and Sprint's stakeholder's capital to fund Clear's retail business model to compete directly with Sprint in the CGN/BGN broadband market.

Clear has bled Sprint dry and had delivered nothing other than bad debt, a botched network vision upgrade that has grossly failed to meet any of it's hard stop deadlines and is well over budget.

This failed partnership has cost Sprint significantly market share and reputation. It is my hope that this is not a thinly veiled ploy to funnel any more capital to Clear under the cover of "oh, we own them now".

I dont know how Bob is able to sell this to the board or the stakeholders. ..

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