More Clearwire Investors Balk at Sprint's Offer
A handful of Clearwire investors plan to reject Sprint's $2.97-per-share offer for the company, reports Bloomberg. Glenview Capital Management and Tazzan Asset Management, which combined own about 31 million shares of Clearwire, believe the company is worth more than what Sprint has offered, especially in the light of Dish Network's $3.30-per-share bid. Sprint, which is in the process of selling a 70% stake of itself to Japan's Softbank, already owns more than 50% of Clearwire. It offered to acquire the remaining 49% in order to smooth its transaction with Softbank, as well as to acquire the additional spectrum owned by Clearwire. Glenview and Tazzan both think Cleartwire's spectrum deserves a higher price, as does Crest Financial, which filed a compliant with the Federal Communications Commission earlier this month. Softbank set the $2.97 share price as the highest amount Sprint could bid for Clearwire. Dish asked the FCC this week to pause its review of the Softbank-Sprint deal until the Clearwire portion of the transaction is resolved. The FCC has not yet made a decision in the matter.
Motorola's Affordable Moto Z3 Play Seeks to Challenge Premium Phones
Jun 6, 2018
Motorola today announced the Moto Z3 Play, its third-generation Mod-compatible mid-range phone. The Z3 Play carries over the general size and shape of previous Z-branded phones in order to maintain backward compatibility with the Moto Mod snap-on accessories.
LG G7 ThinQ Goes On Sale Today for $749
Jun 1, 2018
Sales of the LG G7 ThinQ phone kicked off in the U.S. today.
AT&T Says It Won't Sell the LG G7 ThinQ, But It Has an LG Exclusive On Deck
May 3, 2018
AT&T does not plan to sell LG's new flagship phone, the G7 ThinQ, according to The Verge. Instead, the company plans to offer an exclusive phone from LG later this summer.
Dish Unhappy About FCC's Position On Auction Discounts
Jul 23, 2015
Dish Networks has confirmed the FCC plans to deny it $3.3 billion in discounts on spectrum licenses. Dish used three small companies — called designated entities — to place bids on its behalf during the AWS-3 auction earlier this year.
Well, two side of this.
On the other hand, there's those who invested in Clear and really got reamed without lube on this investment, and can understand how they would like to recoup as much of the loss as they can.