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Saturday, 30 March 2013
Go Loud With Rhapsody
Thursday, 28 March 2013
Clearwire Corporation Provides Transaction Update
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Clearwire Corporation Provides Transaction UpdateBELLEVUE, Wash., March 28, 2013 (GLOBE NEWSWIRE) -- Clearwire (NASDAQ: CLWR) today announced that it has elected to take the $80 million April draw under the terms of its agreements with Sprint Nextel Corporation ("Sprint") that provide additional financing to Clearwire in the form of exchangeable notes, which will be exchangeable under certain conditions for Clearwire common stock at $1.50 per share, subject to adjustment under certain conditions (the "Sprint Financing Agreements"). The Special Committee has not made any determination as to whether to take any future draws under the Sprint Financing Agreements and has not made any determination to change its recommendation of the current Sprint transaction. As previously disclosed on January 8, 2013, Clearwire received an unsolicited, non-binding proposal from DISH Network Corporation ("DISH"), which was a preliminary indication of interest and subject to numerous, material uncertainties and conditions. Consistent with its fiduciary duties to Clearwire's non-Sprint class A stockholders, the Special Committee of Clearwire's board of directors has engaged in discussions with DISH concerning its proposal and with Sprint over the course of the last three months, and the Special Committee intends to continue such discussions. The Special Committee will pursue the course of action that it believes is in the best interests of Clearwire's non-Sprint Class A stockholders. About Clearwire Clearwire Corporation (NASDAQ:CLWR), through its operating subsidiaries, is a leading provider of 4G wireless broadband services offering services in areas of the U.S. where more than 130 million people live. The company holds the deepest portfolio of wireless spectrum available for data services in the U.S. Clearwire serves retail customers through its own CLEAR® brand as well as through wholesale relationships with some of the leading companies in the retail, technology and telecommunications industries, including Sprint and NetZero. The company is constructing a next-generation 4G LTE Advanced-ready network to address the capacity needs of the market, and is also working closely with the Global TDD-LTE Initiative to further the TDD-LTE ecosystem. Clearwire is headquartered in Bellevue, Wash. Additional information is available at http://www.clearwire.com. Cautionary Statement Regarding Forward-Looking Statements This press release includes "forward-looking statements" within the meaning of the securities laws. The words "may," "could," "should," "estimate," "project," "forecast," "intend," "expect," "anticipate," "believe," "target," "plan," "providing guidance" and similar expressions are intended to identify information that is not historical in nature. This press release contains forward-looking statements relating to the proposed merger and related transactions (the "transaction") between Sprint and Clearwire. All statements, other than historical facts, including statements regarding the expected timing of the closing of the transaction; the ability of the parties to complete the transaction considering the various closing conditions; the expected benefits and synergies of the transaction; the competitive ability and position of Sprint and Clearwire; and any assumptions underlying any of the foregoing, are forward-looking statements. Such statements are based upon current plans, estimates and expectations that are subject to risks, uncertainties and assumptions. The inclusion of such statements should not be regarded as a representation that such plans, estimates or expectations will be achieved. You should not place undue reliance on such statements. Important factors that could cause actual results to differ materially from such plans, estimates or expectations include, among others, any conditions imposed in connection with the transaction, approval of the transaction by Clearwire stockholders, the satisfaction of various other conditions to the closing of the transaction contemplated by the merger agreement, and other factors discussed in Clearwire's and Sprint's Annual Reports on Form 10-K for their respective fiscal years ended December 31, 2011, their other respective filings with the U.S. Securities and Exchange Commission (the "SEC") and the proxy statement and other materials that will be filed with the SEC by Clearwire in connection with the transaction. There can be no assurance that the transaction will be completed, or if it is completed, that it will close within the anticipated time period or that the expected benefits of the transaction will be realized. Additional Information and Where to Find It In connection with the transaction, Clearwire has filed a Rule 13e-3 Transaction Statement and a preliminary proxy statement with the SEC. When completed, a definitive proxy statement and a form of proxy will be mailed to the Clearwire's stockholders. INVESTORS AND SECURITY HOLDERS ARE ADVISED TO READ THE PROXY STATEMENT AND OTHER RELEVANT MATERIALS WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT CLEARWIRE AND THE TRANSACTION. Investors and security holders may obtain free copies of these documents (and, when available, will be able to obtain a copy of the definitive proxy statement) and other documents filed with the SEC at the SEC's web site at www.sec.gov. In addition, the documents filed by Clearwire with the SEC may be obtained free of charge by contacting Clearwire at Clearwire, Attn: Investor Relations, (425) 505-6494. Clearwire's filings with the SEC are also available on its website at www. clearwire.com. Participants in the Solicitation Clearwire and its officers and directors and Sprint and its officers and directors may be deemed to be participants in the solicitation of proxies from Clearwire stockholders with respect to the transaction. Information about Clearwire officers and directors and their ownership of Clearwire common shares is set forth in the proxy statement for Clearwire's 2012 Annual Meeting of Stockholders, which was filed with the SEC on April 30, 2012. Information about Sprint officers and directors is set forth in Sprint's Annual Report on Form 10-K for the year ended December 31, 2011, which was filed with the SEC on February 27, 2012. Investors and security holders may obtain more detailed information regarding the direct and indirect interests of the participants in the solicitation of proxies in connection with the transaction by reading the preliminary and definitive proxy statements regarding the transaction, which will be filed by Clearwire with the SEC. CONTACT: Media Contacts: Susan Johnston, (425) 505-6178 susan.johnston@clearwire.com JLM Partners for Clearwire Mike DiGioia or Jeremy Pemble, (206) 381-3600 mike@jlmpartners.com or jeremy@jlmpartners.com Investor Contacts: Alice Ryder, (425) 505-6494 alice.ryder@clearwire.com MacKenzie Partners for Clearwire Dan Burch or Laurie Connell, (212) 929-5500 dburch@mackenziepartners.com or lconnell@mackenziepartners.com |
| You are subscribed to Clearwire Corporation Investor Relations' e-mail alerts as haridh.mobilebroadband@blogger.com. To update your e-mail and alert preferences, please click here. To unsubscribe, please click here. Clearwire Corporation 4400 CARILLON PT , Kirkland, WA 98033-7353 Service provided by Shareholder.com |
Wednesday, 27 March 2013
Sprint Newsroom Notification: Gold Mobile and Assurance Wireless Deliver First Secure HIPAA-Compliant, Two-Way Messaging Platform for Medicaid and Low-Income Patients…and It’s Free
Sprint Nextel Corporation has posted the following release to its Newsroom website:
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Thursday, 21 March 2013
Announcing the Huawei Premia 4G at MetroPCS
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Friday, 15 March 2013
Sprint Newsroom Notification: Assurance Wireless Provides Cell Phones and Wireless Service to Aid Missouri Residents Facing Economic Hardship
Sprint Nextel Corporation has posted the following release to its Newsroom website:
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Monday, 4 March 2013
Sprint Newsroom Notification: Assurance Wireless Launches Service to Provide Cell Phones and Wireless Service to San Francisco Residents Facing Economic Hardship
Sprint Nextel Corporation has posted the following release to its Newsroom website:
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Thursday, 28 February 2013
Clearwire Debuts New CLEAR(R) Professional Service for Small and Midsized Businesses
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Clearwire Debuts New CLEAR(R) Professional Service for Small and Midsized Businesses
BELLEVUE, Wash., Feb. 28, 2013 (GLOBE NEWSWIRE) -- Clearwire Corporation (Nasdaq:CLWR), a leading provider of 4G wireless broadband services in the U.S., today announced CLEAR Professional, a 4G wireless broadband service for small and midsized businesses, as well as enterprise branch locations. "We are thrilled to offer CLEAR Professional to meet the demands of small to medium-sized businesses that are utterly dependent on the internet, yet still may suffer from internet connections that are both slow and unreliable," said Dow Draper, senior vice president and general manager of retail at Clearwire. "CLEAR Professional provides options of primary internet service and dependable backup internet service, each designed to help ensure connectivity for mission-critical applications. No longer do companies have to wait weeks or even months for a fast internet connection. And for businesses with adequate internet connections, CLEAR Professional Backup Internet, with unlimited data, supports the goal of these businesses to never miss a beat." 87% of corporate managers in the U.S. say that internet communications technology plays a key role in supporting sales and marketing operations, according to Larstan Business Reports. "If my internet goes down during the dinner rush, it's chaos. With CLEAR Professional Backup Internet, I don't need to worry about it," said Brad Breakell, owner of Pizzalchik Family Restaurant in Boise, Idaho. CLEAR Professional runs on Clearwire's 4G network in approximately 80 cities across the U.S. and is available beginning March 18, 2013 with the following master agent dealers: X4 Solutions, Telecom Brokerage, Inc., WTG, and Resource Communications Group. It includes three types of plans designed to meet the unique needs of small and midsized businesses:
"We use CLEAR Professional at four field locations," said Pete Vallianatos of the Walsh Group, the 15th largest construction company in the U.S. located in Chicago. "I was amazed at how fast it was installed, and the internet service is outstanding." Customers interested in learning more about CLEAR Professional products can visit www.CLEARprofessional.com, or follow @CLEARPros on Twitter for exclusive information, resources and industry news. Company information about Clearwire is also available at www.clearwire.com/newsroom. About Clearwire Clearwire Corporation (Nasdaq:CLWR), through its operating subsidiaries, is a leading provider of 4G wireless broadband services, offering services in areas of the U.S. where more than 130 million people live. The company holds the deepest portfolio of wireless spectrum available for data services in the U.S. Clearwire serves retail customers through its own CLEAR® brand, as well as through wholesale relationships with some of the leading companies in the retail, technology, and telecommunications industries. The company is constructing a next-generation 4G LTE Advanced-ready network to address the capacity needs of the market, and is also working closely with the Global TDD-LTE Initiative to further the TDD-LTE ecosystem. Clearwire is headquartered in Bellevue, Wash. Additional information is available at http://www.clearwire.com. The CLEAR Professional logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=17370 1Unlimited plans subject to network management and other provisions of CLEAR's Acceptable Use Policy, posted at www.clear.com/legal/aup. 2Taxes, professional installation, and additional fees may apply. 3Certain restrictions apply; see the following sites for details: www.clearprofessional.com/devices/device-750, www.clearprofessional.com/devices/device-650, www.clearprofessional.com/devices/device-1400. CONTACT: Media Contact: Clearwire Chris Comes (312) 282-0539 christopher.comes@clearwire.com Twitter: @ChrisComes |
| You are subscribed to Clearwire Corporation Investor Relations' e-mail alerts as haridh.mobilebroadband@blogger.com. To update your e-mail and alert preferences, please click here. To unsubscribe, please click here. Clearwire Corporation 4400 CARILLON PT , Kirkland, WA 98033-7353 Service provided by Shareholder.com |