Sprint Nextel Corporation has posted the following release to its Newsroom website:
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Thursday 20 December 2012
Sprint Newsroom Notification: Virgin Mobile Partners with Lady Gaga’s ‘Born This Way’ Ball Tour to Empower Fans Through Social Outreach
Sprint Nextel Corporation has posted the following release to its Newsroom website:
Tuesday 18 December 2012
Sprint Newsroom Notification: Ring in the Holidays with Sprint 4G LTE: Available in Six New Markets, Including Indianapolis, Santa Rosa, Calif., and Southern Puerto Rico
Sprint Nextel Corporation has posted the following release to its Newsroom website:
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Monday 17 December 2012
Sprint Newsroom: Sprint to Acquire 100 Percent Ownership of Clearwire for $2.97 per Share
Sprint Nextel Corporation has posted the following release to its Newsroom website:
Sprint to Acquire 100 Percent Ownership of Clearwire for $2.97 per Share
OVERLAND PARK, Kan. & BELLEVUE, Wash. (BUSINESS WIRE), December 17, 2012 - Sprint (NYSE:S) today announced that it has entered into a definitive agreement to acquire the approximately 50 percent stake in Clearwire (NASDAQ: CLWR) it does not currently own for $2.97 per share, equating to a total payment to Clearwire shareholders, other than Sprint, of $2.2 billion. This transaction results in a total Clearwire enterprise value of approximately $10 billion, including net debt and spectrum lease obligations of $5.5 billion.
The transaction consideration represents a 128 percent premium to Clearwire's closing share price the day before the Sprint-SoftBank discussions were first confirmed in the marketplace on October 11, with Clearwire speculated to be a part of that transaction; and, a 40 percent premium to the closing price the day before receipt of Sprint's initial $2.60 per share non-binding indication of interest on November 21.
Clearwire's spectrum, when combined with Sprint's, will provide Sprint with an enhanced spectrum portfolio that will strengthen its position and increase competitiveness in the U.S. wireless industry. Sprint's Network Vision architecture should allow for better strategic alignment and the full utilization and integration of Clearwire's complementary 2.5 GHz spectrum assets, while achieving operational efficiencies and improved service for customers as the spectrum and network is migrated to LTE standards.
Sprint CEO Dan Hesse said, "Today's transaction marks yet another significant step in Sprint's improved competitive position and ability to offer customers better products, more choices and better services. Sprint is uniquely positioned to maximize the value of Clearwire's spectrum and efficiently deploy it to increase Sprint's network capacity. We believe this transaction, particularly when leveraged with our SoftBank relationship, is further validation of our strategy and allows Sprint to control its network destiny."
The transaction was unanimously approved by Clearwire's board of directors upon the unanimous recommendation of a special committee of the Clearwire board consisting of disinterested directors not appointed by Sprint. In addition, Clearwire has received commitments from Comcast Corp., Intel Corp and Bright House Networks LLC, who collectively own approximately 13 percent of Clearwire's voting shares, to vote their shares in support of the transaction. SoftBank has provided its consent to the transaction, as required under the terms of its recently announced merger agreement with Sprint.
Clearwire CEO and President Erik Prusch said, "Our board of directors has been reviewing available strategic alternatives over the course of the last two years. In evaluating available alternatives, a special committee conducted a careful and rigorous process, and based on the committee's recommendation, our board unanimously determined that this transaction, which delivers certain and attractive value for our shareholders, is the best path forward."
In connection with the transaction, Clearwire and Sprint have entered into agreements that provide up to $800 million of additional financing for 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. Under the financing agreements, Sprint has agreed to purchase $80 million of exchangeable notes per month for up to ten months beginning in January, 2013, with some of the monthly purchases subject to certain funding conditions, including conditions relating to the approval of the proposed merger by Clearwire's shareholders and a network build out plan.
The transaction is subject to customary closing conditions, including regulatory approvals and the approval of Clearwire's stockholders, including the approval of a majority of Clearwire stockholders not affiliated with Sprint or SoftBank. The closing of the transaction is also contingent on the consummation of Sprint's previously announced transaction with SoftBank. The Clearwire and SoftBank transactions are expected to close mid-2013.
Citigroup Global Markets Inc. acted as financial advisor to Sprint and Skadden, Arps, Slate, Meagher & Flom LLP and King & Spalding LLP acted as counsel to Sprint. The Raine Group acted as financial advisor to SoftBank Corp. and Morrison Foerster LLP acted as counsel to SoftBank. Evercore Partners acted as financial advisor and Kirkland & Ellis LLP acted as counsel to Clearwire. Centerview Partners acted as financial advisor and Simpson Thacher & Bartlett LLP and Richards, Layton & Finger, P.A. acted as counsel to Clearwire's special committee. Blackstone Advisory Partners L.P. advised Clearwire on restructuring matters. Credit Suisse acted as financial advisor and Gibson Dunn & Crutcher LLP acted as counsel to Intel.
About Sprint Nextel
Sprint Nextel offers a comprehensive range of wireless and wireline communications services bringing the freedom of mobility to consumers, businesses and government users. Sprint Nextel served nearly 56 million customers at the end of the third quarter of 2012 and is widely recognized for developing, engineering and deploying innovative technologies, including the first wireless 4G service from a national carrier in the United States; offering industry-leading mobile data services, leading prepaid brands including Virgin Mobile USA, Boost Mobile, and Assurance Wireless; instant national and international push-to-talk capabilities; and a global Tier 1 Internet backbone. The American Customer Satisfaction Index rated Sprint No. 1 among all national carriers in customer satisfaction and most improved, across all 47 industries, during the last four years. Newsweek ranked Sprint No. 3 in both its 2011 and 2012 Green Rankings, listing it as one of the nation's greenest companies, the highest of any telecommunications company. You can learn more and visit Sprint at www.sprint.com or www.facebook.com/sprint and www.twitter.com/sprint.
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 and China Mobile 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 efficiencies 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.
Sprint does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events. Readers are cautioned not to place undue reliance on any of these forward-looking statements.
Additional Information and Where to Find It
In connection with the transaction, Clearwire will file a proxy statement and other materials with the SEC. 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 (when they are available) 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) 505-6178. Clearwire's filings with the SEC are also available on its website at www.corporate.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.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20121217005581/en/
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Sprint to Acquire 100 Percent Ownership of Clearwire for $2.97 per Share
Sprint to Acquire 100 Percent Ownership of Clearwire for $2.97 per Share
Sprint and Clearwire will host a conference call at 8:30 a.m. ET today. Participants may dial 800-938-1120 in the U.S. or Canada (706-634-7849 internationally) and provide the following ID: 81365573 or may listen via the Internet at www.sprint.com/investors. OVERLAND PARK, Kan. and BELLEVUE, Wash. - Dec. 17, 2012 - Sprint (NYSE:S) today announced that it has entered into a definitive agreement to acquire the approximately 50 percent stake in Clearwire (NASDAQ: CLWR) it does not currently own for $2.97 per share, equating to a total payment to Clearwire shareholders, other than Sprint, of $2.2 billion. This transaction results in a total Clearwire enterprise value of approximately $10 billion, including net debt and spectrum lease obligations of $5.5 billion. The transaction consideration represents a 128 percent premium to Clearwire's closing share price the day before the Sprint-Softbank discussions were first confirmed in the marketplace on October 11, with Clearwire speculated to be a part of that transaction; and, a 40 percent premium to the closing price the day before receipt of Sprint's initial $2.60 per share non-binding indication of interest on November 21. Clearwire's spectrum, when combined with Sprint's, will provide Sprint with an enhanced spectrum portfolio that will strengthen its position and increase competitiveness in the U.S. wireless industry. Sprint's Network Vision architecture should allow for better strategic alignment and the full utilization and integration of Clearwire's complementary 2.5 GHz spectrum assets, while achieving operational efficiencies and improved service for customers as the spectrum and network is migrated to LTE standards. Sprint CEO Dan Hesse said, "Today's transaction marks yet another significant step in Sprint's improved competitive position and ability to offer customers better products, more choices and better services. Sprint is uniquely positioned to maximize the value of Clearwire's spectrum and efficiently deploy it to increase Sprint's network capacity. We believe this transaction, particularly when leveraged with our SoftBank relationship, is further validation of our strategy and allows Sprint to control its network destiny." The transaction was unanimously approved by Clearwire's board of directors upon the unanimous recommendation of a special committee of the Clearwire board consisting of disinterested directors not appointed by Sprint. In addition, Clearwire has received commitments from Comcast Corp., Intel Corp and Bright House Networks LLC, who collectively own approximately 13 percent of Clearwire's voting shares, to vote their shares in support of the transaction. SoftBank has provided its consent to the transaction, as required under the terms of its recently announced merger agreement with Sprint. Clearwire CEO and President Erik Prusch said, "Our board of directors has been reviewing available strategic alternatives over the course of the last two years. In evaluating available alternatives, a special committee conducted a careful and rigorous process, and based on the committee's recommendation, our board unanimously determined that this transaction, which delivers certain and attractive value for our shareholders, is the best path forward." In connection with the transaction, Clearwire and Sprint have entered into agreements that provide up to $800 million of additional financing for 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. Under the financing agreements, Sprint has agreed to purchase $80 million of exchangeable notes per month for up to ten months beginning in January, 2013, with some of the monthly purchases subject to certain funding conditions, including conditions relating to the approval of the proposed merger by Clearwire's shareholders and a network build out plan. The transaction is subject to customary closing conditions, including regulatory approvals and the approval of Clearwire's stockholders including the approval of a majority of Clearwire's stockholders not affiliated with Sprint or SoftBank. The closing of the transaction is also contingent on the consummation of Sprint's previously announced transaction with SoftBank. The Clearwire and SoftBank transactions are expected to close mid-2013. Citigroup Global Markets Inc. acted as financial advisor to Sprint and Skadden, Arps, Slate, Meagher & Flom LLP and King & Spalding LLP acted as counsel to Sprint. The Raine Group acted as financial advisor to Softbank Corp. and Morrison Foerster LLP acted as counsel to Softbank. Evercore Partners acted as financial advisor and Kirkland & Ellis LLP acted as counsel to Clearwire. Centerview Partners acted as financial advisor and Simpson Thacher & Bartlett LLP and Richards, Layton & Finger, P.A. acted as counsel to Clearwire's special committee. Blackstone Advisory Partners L.P. advised Clearwire on restructuring matters. Credit Suisse acted as financial advisor and Gibson Dunn & Crutcher LLP acted as counsel to Intel. About Sprint Nextel About Clearwire 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 efficiencies 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. Sprint does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events. Readers are cautioned not to place undue reliance on any of these forward-looking statements. Additional Information and Where to Find It Participants in the Solicitation Sprint Investor Contact: Clearwire JLM Partners for Clearwire Investor Contact: |
| 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 |
Thursday 6 December 2012
Sprint Newsroom: Versatile Geotab Plug-and-Play Fleet Solutions Join Sprint Portfolio
Sprint Nextel Corporation has posted the following release to its Newsroom website:
Versatile Geotab Plug-and-Play Fleet Solutions Join Sprint Portfolio
OVERLAND PARK, Kan. (BUSINESS WIRE), December 06, 2012 - Sprint (NYSE:S) and Geotab Inc. announced today that Geotab plug-and-play fleet management solutions are now part of Sprint's connected transportation portfolio. Geotab is a leading provider of technology and software designed to increase fleet productivity, cost effectiveness and safety.
Now tested for compatibility on the Sprint network, the Geotab GO6 device is an easy-to-install, transportable device for cars and light to medium-duty trucks and vans. Geotab GO6 plugs into the vehicle's OBDII (On-Board Diagnostic) port and relays information back to a web-based interface for fleet managers. As a result, managers can track and monitor vehicle locations, identify driving behaviors, optimize driver dispatch and routing, and improve the overall health of their fleets with maintenance reminders and alerts.
The Geotab device can help reduce costs and keep drivers safe and secure while increasing efficiencies and productivity. Geotab solution features include:
- real-time GPS vehicle tracking
- trips and activity reporting
- driver ID
- messaging and dispatching tools
- safety reports
- driver performance rating and in-vehicle coaching
- fuel consumption tracking
- idling, speeding and mileage tracking
- seatbelt reminders
- instant accident notification
- engine issue detection
Fleet operators can use the Geotab web-based software, MyGeotab, to generate reports that help coach better driving habits. They can also observe driving activity in real time and send audio alerts to change inefficient driving style immediately. Additionally, Geotab GO6 enables continuous monitoring of engine performance and better coordination of fleet maintenance, helping to keep more vehicles in service at any given time.
"Companies can transform the way they manage fleet resources and realize significant gains to the bottom line with real-time fleet management and other mobile resource management solutions," said Neil Cawse, CEO of Geotab. "We are proud to join with Sprint in bringing powerful advantages to fleet managers, including the ability to lower fuel costs, prevent vehicle wear and tear, prioritize vehicle maintenance, and qualify for insurance discounts."
Geotab is a member of Sprint's extensive machine-to-machine (M2M) partner ecosystem, which enables a wide range of connected transportation solutions. Plug-and-play devices can be installed in seconds, with no installation cost to the customer, and support a wide range of productivity-enhancing tracking, monitoring, navigation and safety features, such as those provided by Geotab.
"We are pleased to add Geotab to our Sprint fleet solutions portfolio," said Wayne Ward, vice president-Emerging Solutions Group, Sprint. "Plug-and-play fleet management solutions are a key part of that portfolio, giving our business customers with fleets a powerful yet easy-to-use tool for driving impactful savings and efficiencies. In addition, Geotab solutions help support Sprint's commitment to safe and secure driving."
Sprint's open approach to M2M is built on flexible network architecture, combined with collaborative relationships among customers, vendors and Sprint's dedicated team of experienced solutions engineers. Sprint brings all these elements together with a focus on understanding each fleet operator's business, then acting as an integrator to bring all the pieces together with the most efficient end-to-end solutions package for the specific need.
Sprint's secure network supports connected transportation solutions by enabling accurate and reliable connectivity for an expansive range of telematics applications. To ensure that the growing demand for telematics and other advanced solutions will be met, Sprint has embarked on Network Vision, a multiyear network initiative designed to enhance customers 'experience with faster data speeds, improved voice quality and easier connectivity.
For a quick tour of Geotab's plug and play solution, please view attached Transforming Fleet Management video: http://www.youtube.com/watch?feature=player_embedded&v=dNojKfoHQ_Q
About the Sprint Emerging Solutions Group
Sprint's M2M leadership has earned prestigious third-party validation, including the top-ranked "North American M2M Provider" and "No. 2 Overall Ranked Carrier," among 12 global service providers, by Analysys Mason and a 2011 Frost & Sullivan "Customer Value Enhancement Award in North America for Machine to Machine Communications." To learn more about Sprint's M2M offerings, visit www.sprint.com/m2m.
About Sprint Nextel
Sprint Nextel offers a comprehensive range of wireless and wireline communications services bringing the freedom of mobility to consumers, businesses and government users. Sprint Nextel served nearly 56 million customers at the end of the third quarter of 2012 and is widely recognized for developing, engineering and deploying innovative technologies, including the first wireless 4G service from a national carrier in the United States; offering industry-leading mobile data services, leading prepaid brands including Virgin Mobile USA, Boost Mobile, and Assurance Wireless; instant national and international push-to-talk capabilities; and a global Tier 1 Internet backbone. The American Customer Satisfaction Index rated Sprint No. 1 among all national carriers in customer satisfaction and most improved, across all 47 industries, during the last four years. Newsweek ranked Sprint No. 3 in both its 2011 and 2012 Green Rankings, listing it as one of the nation's greenest companies, the highest of any telecommunications company. You can learn more and visit Sprint at www.sprint.com or www.facebook.com/sprint and www.twitter.com/sprint.
About Geotab
Geotab Inc., an industry leader for more than a decade in developing end-to-end telematics solutions, provides GPS fleet management systems of choice for leading local and Fortune 500 companies. Geotab is now the largest telematics supplier to enterprise fleets, based on units sold in 2011. Our proven growth technology has helped customers effectively reduce costs, improve driver safety, and enhance efficiency within an easy-to-use, web-based platform. For more information, please visit www.geotab.com or www.facebook.com/MyGeotab and twitter.com/Geotab.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20121206006011/en/
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Kajeet and Clearwire Announce Wholesale 4G Agreement
|
Kajeet and Clearwire Announce Wholesale 4G Agreement
BELLEVUE, Wash. and BETHESDA, Md. , Dec. 6, 2012 (GLOBE NEWSWIRE) -- Clearwire Corporation (Nasdaq:CLWR), a leading provider of 4G mobile broadband services in the U.S., and Kajeet, Inc., the only pay-as-you-go cell phone service that puts kids first, today announced a wholesale agreement that will enable Kajeet to offer mobile broadband service directly marketed to kids using Clearwire's 4G network. "Clearwire's wireless broadband network provides our wholesale partners with a compelling opportunity to enter the rapidly expanding 4G market that would be impossible for many of them to enter independently," said Don Stroberg, SVP of strategic partnerships and wholesale at Clearwire. "Kajeet's expansion of its product portfolio to offer 4G services to their targeted youth and education segments further extends the reach of mobile broadband services to two key market groups. We're thrilled to continue building momentum for our wholesale 4G business as the premier wholesale provider of 4G capacity to carriers, ISPs and other service providers in the U.S." Kajeet's 4G service will help keep young people connected to friends, family, school and the other social, educational and community services that they engage with every day. Products focused on the youth market will also give parents the tools necessary to oversee their children's Internet use and open new opportunities for educators to bring wireless into the classroom. "Children can benefit tremendously from new and thoughtfully designed opportunities to stay connected to the people and institutions that help guide their individual development every day," said Daniel Neal, CEO & Founder of Kajeet. "Adding a 4G mobile broadband product with Clearwire gives our customers new connectivity options and allows Kajeet to expand our mobile service offerings so that we continue to lead in the creation and delivery of mobile solutions that are great for kids, families and educators." Clearwire is constructing a next-generation 4G LTE Advanced-ready network to address the mobile broadband capacity needs of wholesale customers in urban markets where demand for wireless data is high. As Clearwire's LTE network comes online, Kajeet and Clearwire expect to extend their agreement to offer users even faster speeds. 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 and China Mobile to further the TDD-LTE ecosystem. Clearwire is headquartered in Bellevue, Wash. Additional information is available at http://www.clearwire.com. About Kajeet™ Kajeet is the preeminent wireless service platform for kids and those who love them. Founded in 2003, Kajeet is the creator of the award-winning smart phone for kids™ and Sentinel™, a Global Mobile Award nominee. Kajeet makes products and services that enable mobile communication, education and entertainment at home and at school safe, secure and affordable. For more information, please visit us at http://www.kajeet.com or http://www.kajeet.com/education. The Kajeet logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=16126 Forward-Looking Statements This release, and other written and oral statements made by Clearwire from time to time, contain forward-looking statements which are based on management's current expectations and beliefs, as well as on a number of assumptions concerning future events made with information that is currently available. Forward-looking statements may include, without limitation, management's expectations regarding future financial and operating performance and financial condition; proposed transactions; network development and market launch plans; strategic plans and objectives; industry conditions; the strength of the balance sheet; and liquidity and financing needs. The words "will," "would," "may," "should," "estimate," "project," "forecast," "intend," "expect," "believe," "target," "designed," "plan" and similar expressions are intended to identify forward-looking statements. Readers are cautioned not to put undue reliance on such forward-looking statements, which are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside of Clearwire's control, which could cause actual results to differ materially and adversely from such statements. Some factors that could cause actual results to differ are:
For a more detailed description of the factors that could cause such a difference, please refer to Clearwire's filings with the Securities and Exchange Commission, including the information under the heading "Risk Factors" in our Annual Report on Form 10-K filed on February 16, 2012, and subsequent Form 10-Q filings. Clearwire assumes no obligation to update or supplement such forward-looking statements. CONTACT: Clearwire: 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 Kajeet: pr@kajeet.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 |
Monday 3 December 2012
Sprint Newsroom Notification: Tis’ the Season – Boost Mobile Celebrates “All-the-Days” this December
Sprint Nextel Corporation has posted the following release to its Newsroom website:
Tis' the Season – Boost Mobile Celebrates "All-the-Days" this December
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Sprint Newsroom: Holiday Smartphone Buying and Safety Tips for Parents
Sprint Nextel Corporation has posted the following release to its Newsroom website:
Holiday Smartphone Buying and Safety Tips for Parents
OVERLAND PARK, Kan. (BUSINESS WIRE), December 03, 2012 - Smartphones are sure to top many teens' and tweens' holiday wish lists. According to Nielsen, American teenagers between 13 and 17 years old demonstrate the most dramatic increase in U.S. smartphone adoption, growing from 36 percent of teens who own mobile phones saying they owned a smartphone in July 2011 to 58 percent in July 2012 – a 61 percent increase.*
Parents may be concerned about the responsibility that comes along with owning a smartphone: How do I ensure my son or daughter makes wise decisions when using their smartphone? How do I keep it from disrupting school, sleep and family time? What happens if they lose it?
Applications within the Sprint Guardian family safety and security bundle can help give parents peace of mind by allowing them to:
- Monitor their child's talk, text and app use habits.
- Browse their child's contacts and apps.
- Lock their child's phone during dinner, school, late at night or while driving.
- Quickly and easily locate family members on an interactive map.
- Set up automatic location checks to be notified when their child made it to school (or another destination) safely and on time.
- Protect smartphones from evolving mobile threats including malware, spyware, phishing and malicious websites.
- Find a family member's lost phone on a map, sound an alarm, and lock or wipe the device to protect personal information.
- Easily protect and manage their family's mobile devices, including backing up photos, contacts and call history.
"I encourage parents to have an open conversation with their children about how to use their mobile phone safely and responsibly but also to take advantage of technology available to them, such as these Sprint Guardian applications," said parenting expert Amy McCready. "We can't always control our kids, but we can try to control the environment and take away that temptation to use their phone at inappropriate times. Instead of physically taking the phone away, I have found the Sprint Guardian applications really helpful, convenient and affordable."
Sprint Guardian features leading mobile applications from Safely, a division of Location Labs, and Lookout. The Family Safety Essentials from Safely enables families to protect their phone-carrying children through location checks and limits on texting while driving or at school. The device security bundle from Lookout helps customers protect their mobile devices from loss and malware.
Family Safety Essentials
The family safety tools bring together three applications to help parents keep their kids safe and focused on what matters whether they are at home, at school or on-the-go. Sprint Mobile Controls, Sprint Drive First and Sprint Family Locator are available as a Family Safety Essentials bundle for $9.99 per month for up to five lines on the same account.
Lookout Family Mobile Security
Lookout Family enables Sprint customers to manage their phone security by protecting against identity theft and fraud, find a family member's missing device when it is lost or stolen, and back up their precious data. Lookout Family bundle is $4.99 per month, or $49.99 per year, for up to five lines on the same account.
Savings by Purchasing Bundles
The safety and security bundles for Sprint customers on family plans deliver significant savings versus purchasing each app for each line. Customers have the option to purchase both bundles for a single monthly fee of just $14.98. For a family of five, that offers a 73 percent savings — more than $39 per month for both bundles.
Downloading Sprint Guardian
Sprint Guardian is available on many Sprint Android™-powered devices through Sprint Zone. Visit www.sprint.com/sprintguardian for more information and a free 15-day trial of Family Safety Essentials.
*Nielsen Mobile Insights
About Sprint Nextel
Sprint Nextel offers a comprehensive range of wireless and wireline communications services bringing the freedom of mobility to consumers, businesses and government users. Sprint Nextel served nearly 56 million customers at the end of the third quarter of 2012 and is widely recognized for developing, engineering and deploying innovative technologies, including the first wireless 4G service from a national carrier in the United States; offering industry-leading mobile data services, leading prepaid brands including Virgin Mobile USA, Boost Mobile, and Assurance Wireless; instant national and international push-to-talk capabilities; and a global Tier 1 Internet backbone. The American Customer Satisfaction Index rated Sprint No. 1 among all national carriers in customer satisfaction and most improved, across all 47 industries, during the last four years. Newsweek ranked Sprint No. 3 in both its 2011 and 2012 Green Rankings, listing it as one of the nation's greenest companies, the highest of any telecommunications company. You can learn more and visit Sprint at www.sprint.com or www.facebook.com/sprint and www.twitter.com/sprint.
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Thursday 29 November 2012
Sprint Newsroom: Sprint and SoftBank Extend Time to File Proxy Statement/Prospectus
Sprint Nextel Corporation has posted the following release to its Newsroom website:
Sprint and SoftBank Extend Time to File Proxy Statement/Prospectus
OVERLAND PARK, Kan. (BUSINESS WIRE), November 29, 2012 - Sprint (NYSE: S) today announced that SOFTBANK CORP. and Sprint have extended the deadline for filing the Registration Statement on Form S-4 from Nov. 29, 2012 until Dec. 21, 2012. The proxy statement that will be included in the Registration Statement will only be sent to Sprint shareholders after the Securities and Exchange Commission (SEC) has declared the Registration Statement effective. The proxy statement will be sent to Sprint shareholders in connection with the special shareholders meeting to approve the Agreement and Plan of Merger, dated as of Oct. 15, 2012.
About Sprint Nextel
Sprint Nextel offers a comprehensive range of wireless and wireline communications services bringing the freedom of mobility to consumers, businesses and government users. Sprint Nextel served nearly 56 million customers at the end of the third quarter of 2012 and is widely recognized for developing, engineering and deploying innovative technologies, including the first wireless 4G service from a national carrier in the United States; offering industry-leading mobile data services, leading prepaid brands including Virgin Mobile USA, Boost Mobile, and Assurance Wireless; instant national and international push-to-talk capabilities; and a global Tier 1 Internet backbone. The American Customer Satisfaction Index rated Sprint No. 1 among all national carriers in customer satisfaction and most improved, across all 47 industries, during the last four years. Newsweek ranked Sprint No. 3 in both its 2011 and 2012 Green Rankings, listing it as one of the nation's greenest companies, the highest of any telecommunications company. You can learn more and visit Sprint at www.sprint.com or www.facebook.com/sprint and www.twitter.com/sprint.
Cautionary Statement Regarding Forward Looking Statements
This document 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 document contains forward-looking statements relating to the proposed transaction between Sprint Nextel Corporation ("Sprint") and SOFTBANK CORP. ("SoftBank") and its group companies, including Starburst II, Inc. ("Starburst II") pursuant to a merger agreement and bond purchase agreement. All statements, other than historical facts, including, but not limited to, 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 of the transaction such as improved operations, enhanced revenues and cash flow, growth potential, market profile and financial strength; the competitive ability and position of SoftBank or Sprint; 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, that (1) one or more closing conditions to the transaction may not be satisfied or waived, on a timely basis or otherwise, including that a governmental entity may prohibit, delay or refuse to grant approval for the consummation of the transaction or that the required approval by Sprint's stockholders may not be obtained; (2) there may be a material adverse change of SoftBank or Sprint or the respective businesses of SoftBank or Sprint may suffer as a result of uncertainty surrounding the transaction; (3) the transaction may involve unexpected costs, liabilities or delays; (4) legal proceedings may be initiated related to the transaction; and (5) other risk factors as detailed from time to time in Sprint's and Starburst II's reports filed with the Securities and Exchange Commission ("SEC"), including Sprint's Annual Report on Form 10-K for the year ended December 31, 2011 and Quarterly Report on Form 10-Q for the quarter ended Sept. 30, 2012 and the proxy statement/prospectus to be contained in Starburst II's Registration Statement on Form S-4, which are (or will be, when filed) available on the SEC's web site (www.sec.gov). There can be no assurance that the merger will be completed, or if it is completed, that it will close within the anticipated time period or that the expected benefits of the merger will be realized.
None of Sprint, SoftBank or Starburst II undertakes any obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events. Readers are cautioned not to place undue reliance on any of these forward-looking statements.
Additional Information and Where to Find It
In connection with the proposed strategic combination, Starburst II plans to file with the SEC a Registration Statement on Form S-4 that will include a proxy statement of Sprint, and that also will constitute a prospectus of Starburst II. Sprint will mail the proxy statement/prospectus to its stockholders. INVESTORS ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS WHEN IT BECOMES AVAILABLE BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION. The proxy statement/prospectus, as well as other filings containing information about Sprint, SoftBank and Starburst II, will be available, free of charge, from the SEC's web site (www.sec.gov). Sprint's SEC filings in connection with the transaction also may be obtained, free of charge, from Sprint's web site (www.sprint.com) under the tab "About Us – Investors" and then under the heading "Documents and Filings – SEC Filings," or by directing a request to Sprint, 6200 Sprint Parkway, Overland Park, Kansas 66251, Attention: Shareholder Relations or (913) 794-1091. Starburst II's SEC filings in connection with the transaction (when filed) also may be obtained, free of charge, by directing a request to SoftBank, 1-9-1 Higashi-Shimbashi, Minato-ku, Tokyo 105-7303, Japan; telephone: +81.3.6889.2290; e-mail: ir@SoftBank.co.jp.
Participants in the Merger Solicitation
The respective directors, executive officers and employees of Sprint, SoftBank, Starburst II and other persons may be deemed to be participants in the solicitation of proxies in respect of the transaction. Information regarding Sprint's directors and executive officers is available in its Annual Report on Form 10-K for the year ended Dec. 31, 2011. Other information regarding the interests of such individuals as well as information regarding SoftBank's and Starburst II's directors and executive officers will be available in the proxy statement/prospectus when it becomes available. These documents can be obtained free of charge from the sources indicated above. This communication shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
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Sprint Newsroom Notification: Sprint Launches Flexible In-Vehicle Communications Platform for Automakers at the Los Angeles Auto Show
Sprint Nextel Corporation has posted the following release to its Newsroom website:
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Sprint Newsroom: Sprint supports New York City with $50,000 in grants to DOROT Inc., Big Brothers Big Sisters of New York City and Education Through Music
Sprint Nextel Corporation has posted the following release to its Newsroom website:
OVERLAND PARK, Kan. (BUSINESS WIRE), November 29, 2012 - Sprint (NYSE: S) recently announced the 2012 recipients of its New York City Local Giving Program. In total, three area non-profit organizations were awarded grants as part of this signature community-support program. The New York City Local Giving Program awards Sprint Foundation grants totaling $50,000 to area non-profits that support Sprint's philanthropic focus areas of youth development (including mentoring, leadership and academic achievement), arts and culture, and environmental stewardship. Grants were presented and recipient organizations honored at a local reception earlier this week.
Sprint presents DOROT Inc. grant check for 2012 New York City Local Giving Program; left to right: James Leibman, Sprint; Sanjay Gopal, Sprint; Mark Meridy, Executive Director of DOROT Inc.; Lori Denman, Sprint; Debby Ballard, Sprint; Wallace Chen, Sprint (Photo: Business Wire)
The 2012 grant recipients are:
- DOROT Inc. was awarded a $25,000 Sprint Foundation grant for its Youth Volunteer Program. This program engages 2,200 young people in intergenerational activities such as digital-photography workshops; computer, art and cooking classes; holiday-package deliveries; and immigration-themed visiting programs. Students gain insights about the challenges facing seniors such as aging, loss and loneliness; discover potential career paths in service to seniors; and deepen their awareness of the resources that will be required to meet the demands of the aging on our society.
- Big Brothers Big Sisters of New York City was awarded a $15,000 Sprint Foundation grant to support its Community Based Mentoring and Workplace Mentoring Programs. The programs pair students with mentors from 40 of the city's top corporations and government agencies in order to learn more about potential career paths. Mentoring services are specialized for youth in foster care, immigrant youth, youth with special needs, pregnant and parenting teens, court-involved youth, and youth at high risk of arrest.
- Education Through Music was awarded a $10,000 Sprint Foundation grant for its NYC Partner School Program. Funding will be used to provide 14,000 students in 28 inner-city schools with comprehensive music curriculum, musical instruments and instructional materials. Teachers are given ongoing professional-development services, and the school principals will receive management guidance and leadership training in the arts.
Sprint is a long-time supporter of the New York City community, and this is the fourth year Sprint has conducted the New York City Local Giving Program. In total, through this and similar programs, Sprint has provided more than $220,000 in support to New York City-area non-profits, including Queens Library Foundation and VH1 Save The Music Foundation. To learn more about either program, please visit www.sprint.com/localgiving.
About Sprint Nextel
Sprint Nextel offers a comprehensive range of wireless and wireline communications services bringing the freedom of mobility to consumers, businesses and government users. Sprint Nextel served nearly 56 million customers at the end of the third quarter of 2012 and is widely recognized for developing, engineering and deploying innovative technologies, including the first wireless 4G service from a national carrier in the United States; offering industry-leading mobile data services, leading prepaid brands including Virgin Mobile USA, Boost Mobile, and Assurance Wireless; instant national and international push-to-talk capabilities; and a global Tier 1 Internet backbone. The American Customer Satisfaction Index rated Sprint No. 1 among all national carriers in customer satisfaction and most improved, across all 47 industries, during the last four years. Newsweek ranked Sprint No. 3 in both its 2011 and 2012 Green Rankings, listing it as one of the nation's greenest companies, the highest of any telecommunications company. You can learn more and visit Sprint at www.sprint.com or www.facebook.com/sprint and www.twitter.com/sprint.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20121129005215/en/
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Monday 26 November 2012
Sprint Newsroom Notification: Assurance Wireless Provides Cell Phones and Wireless Service to Aid New Mexico Residents Facing Economic Hardship
Sprint Nextel Corporation has posted the following release to its Newsroom website:
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Sprint Newsroom: Sprint 4G LTE Lights Up in 11 New Cities and Counties in Indiana, Kansas, Maryland, Massachusetts, Pennsylvania, Virginia and West Virginia
Sprint Nextel Corporation has posted the following release to its Newsroom website:
OVERLAND PARK, Kan. (BUSINESS WIRE), November 26, 2012 - Today, Sprint (NYSE:S) announced that it is delivering the speed, power and value of its all-new 4G LTE network to customers in 11 new cities/counties, including Harrisburg, Pa., South Bend/Mishawaka, Ind., Muncie, Ind., Peabody, Mass., and Salina, Kan.
Customers in these areas will be able to use their smartphones – such as Samsung Galaxy S® III, Samsung Galaxy Victory™ 4G LTE or HTC EVO™ 4G LTE – to share a picture, download a video, or check the Web with greater speed and reliability. When you combine the power of 4G LTE with an Everything Data plan with Any Mobile, AnytimeSM, which includes unlimited Web, texting and calling to and from any mobile in America while on the Sprint Network, Sprint becomes the best choice in wireless.
With today's expansion, Sprint 4G LTE will light up in the following areas, with coverage continuing to expand in these areas in the coming weeks and months:
- Anderson, Ind.
- Clarke County, Va./Jefferson County, W.Va.
- Harrisburg/Carlisle/Hershey, Pa.
- Hagerstown, Md./Martinsburg, W.Va.
- Harrisonburg, Va.
- Muncie, Ind.
- Peabody, Mass.
- Salina, Kan.
- Shenandoah County, Va.
- South Bend/Mishawaka, Ind.
- Winchester, Va.
"We are pleased to deliver our new 4G LTE network to more Sprint customers," said Bob Azzi, senior vice president-Network, Sprint. "Whether someone uses 4G LTE for personal or professional needs, they will find that Sprint's new 4G LTE network is performing extremely well. Customers should find it consistent, reliable and fast."
Sprint's network buildout program, known as Network Vision, not only brings 4G LTE but should also give 3G customers better wireless signal strength, in-building coverage, and fewer dropped/blocked calls. These 3G improvements are already available to customers in several cities across the country, such as Baltimore, Boston, Chicago, Los Angeles, New York and Washington, D.C. All Sprint 3G customers in these areas, including the company's prepaid customers on Assurance Wireless, Virgin Mobile and Boost Mobile, can expect to see better coverage, improved network reliability and voice quality once the improvements come to their areas.
Sprint introduced its all-new 4G LTE network in July 2012 and now offers service in 43 marketsi. For the most up-to-date details on Sprint's 4G LTE portfolio and rollout, please visit www.sprint.com/4GLTE. For detailed 4G LTE maps, providing coverage information right down to the address, please visit www.sprint.com/coverage. Customers are encouraged to check back often, as the maps will be updated when coverage in these markets is enhanced.
About Sprint Nextel
Sprint Nextel offers a comprehensive range of wireless and wireline communications services bringing the freedom of mobility to consumers, businesses and government users. Sprint Nextel served nearly 56 million customers at the end of the third quarter of 2012 and is widely recognized for developing, engineering and deploying innovative technologies, including the first wireless 4G service from a national carrier in the United States; offering industry-leading mobile data services, leading prepaid brands including Virgin Mobile USA, Boost Mobile, and Assurance Wireless; instant national and international push-to-talk capabilities; and a global Tier 1 Internet backbone. The American Customer Satisfaction Index rated Sprint No. 1 among all national carriers in customer satisfaction and most improved, across all 47 industries, during the last four years. Newsweek ranked Sprint No. 3 in both its 2011 and 2012 Green Rankings, listing it as one of the nation's greenest companies, the highest of any telecommunications company.
iAnderson, Ind.; Atlanta; Athens, Ga.; Baltimore, Md.; Barnstable/Hyannis/Mid-Cape, Mass.; Calhoun, Ga.; Carrollton, Ga.; Chicago/Naperville/Joliet, Ill.; Clarke County, Va./Jefferson County, W.Va.; Gainesville, Ga.; Dallas; Fort Worth, Texas; Gary, Ind.; Granbury/Hood County, Texas; Hagerstown, Md./Martinsburg, W.Va.; Harrisburg/Carlisle/Hershey, Pa.; Harrisonburg, Va.; Houston; Huntsville, Texas; Hutchinson, Kan.; Lawrence, Kan.; Kankakee/Bradley/Bourbonnais, Ill.; Kansas City, Mo.-Kan.; McPherson, Kan.; Manhattan/Junction City, Kan.; Muncie, Ind.; New Bedford/Fall River, Mass.; Newnan, Ga.; Peabody, Mass.; Rockford, Ill.; Rome, Ga.; Salina, Kan.; San Antonio, Texas; Sedalia, Mo.; Shenandoah County, Va.; South Bend/Mishawaka, Ind.; St. Joseph, Mo.; Topeka, Kan.; Waco, Texas; Waukegan/Lake County, Ill.; Wichita, Kan.; Wichita Falls, Texas; Winchester, Va.
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