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Sprint Looking to Acquire Clearwire

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Dec 11, 2012, 6:41 PM

Would this be an acquisition or a repossession?

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 ...
Spectrum for softbank and their cash toto put to use for high speed internet that is how...

Dec 11, 2012, 5:32 PM

Isn't this like?

Isn't this like the Titanic wanting to be the Andrea Doria?
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