Clearwire Corporation (NASDAQ:CLWR) clearing the Sprint path with $80 million assistance - DISH, S

Northern, WI 03/30/2013 (avauncer)  -  Clearwire Corporation (NASDAQ:CLWR) (Current: $3.24, Down by 0.31%) has been suffering from a downtrend in its internet service and has opened itself to acquisition options from different companies. Sprint Nextel Corporation (NYSE:S) (Current: $6.21, Up by 2.81%) is the forerunner in the buying bid for Clearwire. At the moment the company already owns over 50 percent of Clearwire Corporation (NASDAQ:CLWR) and is in a very strong position with its potential acquisition of the floundering company. On one hand Clearwire is considering a competing buy-out bid from DISH Network Corp (NASDAQ:DISH) (Current: $37.90, down by 0.32%).

Accepting financing

Even as it does this the company has accepted financing to the tune of $80 million from its original bidder Sprint Nextel Corporation (NYSE:S). This is actually part of an agreement with the latter and under certain conditions can be exchanged for company stock at the rate of $1.50 per share said the internet provider. The initial talks with Sprint about a complete buy-out offer of $2.97 per share are still in progress. The DISH Network Corp (NASDAQ:DISH) offer of $3.30 per share is definitely a higher one but Sprint is has a stronger hold on the company and the situation as well.

The company

Clearwire Corporation (NASDAQ:CLWR) has shown a steady increase this year and its growth currently stands at 12 percent. This is a definite indication that investors of the Bellevue-Washington-based company are pegging the value of the company much higher than what Sprint is currently offering for it. Clearwire provides 4G or fourth generation wireless services. It in involved in the creation and operation of mobile broadband networks that provide residential internet access services and high-speed mobile internet to various communities within the United States.