5/6/2013

Clearwire today sent a letter to shareholders detailing why they should accept Sprint Nextel's offer, asserting that it represents "fair, attractive and certain value." The letter comes on the heels of a move by a group of disaffected Clearwire investors that represents 18% of shareholders. The group, which is pressing Sprint Nextel to improve its offer for the wireless service provider, is led by Mount Kellett Capital Management and has retained attorneys to negotiate with other interested buyers, including DISH Network. The group does not include Crest Financial and Aurelius Capital Management, which have separately filed suit to block the Sprint deal.

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