The deal saw the non-profits leasing their spectrum to Clearwire
, in exchange for payments and discounted mobile hotspots and service.
Also, under the terms of the Indenture, dated as of December 8, 2010, by and among Clearwire
Communications LLC, Clearwire
Finance, Inc., the guarantors named therein and Wilmington Trust, National Association, as trustee (the "8.25% notes Indenture), the transaction constitutes a Fundamental Change for the purposes of the 8.25% notes Indenture with an Effective Date of July 9, 2013.
said in its SEC filing that it would evaluate the proposal and discuss it with "Party J" and Sprint.
, in a statement, said it is in "discussions with Sprint regarding a potential strategic transaction." A committee of Clearwire
's board of directors is reviewing the offer, the company said.
Corporation (NASDAQ:CLWR), through its operating subsidiaries, is a leading provider of 4G wireless broadband services covering more than 130 million people in the U.S.
will retain the ownership of all network assets and responsibility for future technology and strategy decisions.
is initiating several cost-reduction measures," said Standard & Poor's credit analyst Allyn Arden, "we still expect that its cash balances will reach dangerously low levels in early 2011 given its substantial capital requirements and operating losses to support the network deployment."
Geza Degall, vice president of real estate for Clearwire
, said "The company is thrilled with the reception we have received from our roll-out in Philadelphia and DCs.
claims that its customers with 4G can access the Internet four times faster than those with 3G.
tapped Northwest Atlantic about six months ago because of the brokerage's existing relationships with other companies based in Washington state, such as Starbucks and Costco, which it represents in New York, Firestein said.
will provide WiMAX USB Modems for USD49.99.
"Anchorage now has a better choice for broadband Internet service that's simple, flexible and affordable," said Michael Wilson, Clearwire
's general manager for Anchorage.