Looming Deadlines Likely To Spur Clearwire, Sprint Deal

Law360, New York (February 26, 2013, 3:20 PM ET) -- Two imminent financing deadlines in the takeover battle for Clearwire Corp. could bring the broadband company and its two suitors, Sprint Nextel Corp. and Dish Network Corp., to the negotiating table, industry watchers said.

If Clearwire doesn't reach an agreement with Sprint about a network build-out by Thursday, it will lose up to $240 million in back-loaded financing on the deal. And if Clearwire forgoes an $80 million draw on the sale to Sprint of convertible notes, it will have left another $240 million on the...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers

Required