Clearwire announced that its shareholders plan to vote on Sprint Nextel's buyout offer on May 21, amid mounting pressure from its largest non-Sprint-aligned investor to consider alternative options. In a letter to the wireless provider's board on Tuesday, Crest Financial termed Sprint's bid "coercive" and urged Clearwire to consider DISH Network's bid or Verizon Wireless' reported offer to acquire some of its spectrum.

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