Tag Archives: PCS

RF Industries Announces the Appointment of Independent Board Member Joseph Benoit

By Business Wirevia The Motley Fool

Filed under:

RF Industries Announces the Appointment of Independent Board Member Joseph Benoit

SAN DIEGO–(BUSINESS WIRE)– RF Industries Ltd. (Nasdaq: RFIL) announced today that it has appointed Joseph Benoit to serve as an independent member on the Company’s Board of Directors.

From 1992-2012 Mr. Benoit held executive positions of increasing responsibility at Union Bank. As a Senior Vice President/Market President he directly managed over 100 Union Bank branch offices. In 2008 he became Executive Vice President and head of Business Banking for Union Bank. He subsequently served as Union Bank‘s integration manager for their FDIC assisted acquisitions.

Mr. Benoit has served on numerous boards, primarily in a finance capacity, including the San Diego Regional Chamber of Commerce, the Pacific Coast Banking School and the San Diego Zoological Society Foundation. He holds a B.S. in Business Administration from San Diego State University, an MBA from National University and he is a graduate of the Pacific Coast Banking School.

Howard Hill, CEO of RF Industries, stated, “We are very pleased to welcome Joe as a new independent member of our Board of Directors. We believe that his extensive financial experience will be of tremendous value to our board as we look to build long term value for our shareholders.”

About RF Industries

RF Industries manufactures, designs and distributes Radio Frequency (RF) connectors and cable assemblies, medical cabling products, RF wireless products and fiber optic cable products. Coaxial connectors, cable assemblies and custom microwave RF connectors are used for Wi-Fi, PCS, radio, test instruments, computer networks, antenna devices, aerospace, OEM and Government agencies. Medical Cabling and Interconnector products are specialized custom electrical cabling products for the medical equipment monitoring market. RF Wireless products include digital data transceivers for industrial monitoring, wide area networks, GPS tracking and mobile wireless network solutions. Fiber optic cable, connector and harness products serve computer, aerospace, computer networking and specialty applications.

Forward-Looking Statements

This press release contains forward-looking statements with respect to future events which are subject to a number of factors that could cause actual results to differ materially. Factors that could cause or contribute to such differences include, but are not limited to: changes in the telecommunications industry; the operations of the Cables Unlimited division which was acquired in June 2011; and the Company’s reliance …read more

Source: FULL ARTICLE at DailyFinance

MetroPCS Merger in Further Danger

By Dan Radovsky, The Motley Fool

Filed under:

It looks like opponents of the proposed merger of MetroPCS with Deutsche Telekom subsidiary T-Mobile USA got strong support on Wednesday, according to The New York Times.

Institutional Shareholder Services has agreed with Paulson & Co. and P. Schoenfeld Asset Management that voting for approval of the transaction would not be in the interest of MetroPCS shareholders.

Paulson has a 9.9% stake in MetroPCS, Schoenfeld 2%, and both funds believe the deal would incur too much debt for the newly formed company and would not give MetroPCS shareholders enough of a slice of the enterprise.

What may prove influential in the outcome of the voting is this from ISS: “The ultimate question for PCS holders, therefore, is whether this offer is sufficient compensation for putting control of their investment in the hands of another strategic, DT [Deutsche Telekom], under whose control T-Mobile has appeared to have so vastly underperformed.”

P. Schoenfeld, which has been constantly filing proxies over the last several weeks urging shareholders to vote against the proposal, was thrilled with the ISS recommendation to turn down the deal.

“We are extremely pleased that ISS recognizes the Proposed Transaction between MetroPCS and T-Mobile (the “Combined Company”) is not in the best interests of PCS shareholders …” the fund said today in a statement.

P. Schoenfeld also quoted ISS as agreeing with merger opponents that MetroPCS would be better served staying as a stand-alone company, or possibly able to attract a better merger deal in the future: “Absent merging with T-Mobile, PCS will have enough cash on its balance sheet to dedicate to new spectrum and could continue operating as a stand-alone company. It may well, as many commentators have suggested, have additional M&A opportunities in the offing, given its attractive assets.”

The ISS appraisal may take some of the swagger out of T-Mobile CEO John Legere’s remark Tuesday that the merger would be “approved despite the greedy hedge funds that are trying to take a double-dip out of that process.”

Paulson, in a statement released last night, took umbrage to Legere’s characterization. The hedge fund “strenuously objects” to shareholders being called “greedy because they believe the current terms of the merger are poor for MetroPCS shareholders.”

“If anyone is being greedy here, it is Deutsche Telekom … It is not surprising that Deutsche Telekom is so eager to close this deal, as they get the lion’s share of the benefits,” Paulson continued.

Will the ISS analysis be the tipping point that ultimately undermines the deal — at least as it is currently structured? That will be determined at the special MetroPCS shareholders’ meeting on April 12.

A fresh idea for 2013
The Motley Fool’s chief investment officer has selected his No. 1 stock for the next year. Find out which stock it is in the brand-new free report: “The Motley Fool’s Top Stock for 2013.” Just click here to access the report and find out the name of this under-the-radar …read more
Source: FULL ARTICLE at DailyFinance

T-Mobile's Legere on "Greedy Hedge Funds" Trying to Stop the MetroPCS Merger

By Dan Radovsky, The Motley Fool

Filed under:

T-Mobile USA CEO John Legere is trying to rebrand the nation’s No. 4 wireless carrier as the only one seeking not to pull the wool over unsuspecting customers’ eyes. By using some colorful language in his characterization of the other mobile operators’ pricing policies in January at the CES, Legere is branding himself as an unfiltered straight-shooter.

And Legere has continued along that path in his remarks yesterday regarding his company’s proposed merger with MetroPCS , a transaction that has seen some vocal and insistent opposition from unhappy shareholders.

The merger has already passed regulatory scrutiny from the Federal Communications Commission, the Department of Justice, and the Committee on Foreign Investment in the United States, but still has to be approved by shareholders in a vote taken at a special meeting to be held on April 12.

Legere was asked about the merger’s prospects at yesterday’s T-Mobile event. The proceedings were focused on kicking off T-Mobile’s new LTE network, touting the iPhone, and announcing its new “Uncarrier” pricing policies.

“It will be approved,” Legere said of the merger, “despite the greedy hedge funds that are trying to take a double-dip out of that process.”

He was referring to Paulson & Co., controller of 9.9% of outstanding MetroPCS shares, and P. Schoenfeld Asset Management, or PSAM, controller of 2% of MetroPCS shares.

Paulson has already flatly said he will vote against the proposed deal as it is currently structured, and PSAM has filed a series of proxy statements with the Securities and Exchange Commission imploring other shareholders to vote the transaction down.

In addition, PSAM, has also called for the resignations of MetroPCS Chairman and CEO Roger Linquist, as well as director Kevin Landry, for “aggressively selling down their positions in PCS stock while simultaneously recommending the T-Mobile transaction to PCS stockholders.”

“I get what they are doing,” Legere said. “If you are an investor, and it’s before the vote, you are rattling your saber around to get more money.”

If this is just the beginning of John Legere‘s open-mouth policy, he may become the most interesting communications executive since… well, since DISH Network‘s Charlie Ergen.

A fresh idea for 2013
The Motley Fool’s chief investment officer has selected his No. 1 stock for the next year. Find out which stock it is in the brand-new free report: “The Motley Fool’s Top Stock for 2013.” Just click here to access the report and find out the name of this under-the-radar company.

The article T-Mobile’s Legere on “Greedy Hedge Funds” Trying to Stop the MetroPCS Merger originally appeared on Fool.com.

Fool contributor Dan Radovsky has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of …read more
Source: FULL ARTICLE at DailyFinance

RF Industries Announces the Resignation of Board Members David Sandberg and J. Randall Waterfield

By Business Wirevia The Motley Fool

Filed under:

RF Industries Announces the Resignation of Board Members David Sandberg and J. Randall Waterfield

SAN DIEGO–(BUSINESS WIRE)– RF Industries Ltd. (Nasdaq: RFIL) announced today that it has accepted the resignation of David Sandberg and J. Randall Waterfield from its board of directors, effective immediately.

Howard Hill, CEO of RFI, stated, “We appreciate David and Randy’s service over the past several years and we wish them the best of luck in their future endeavors. We look forward to commencing our search for two new independent directors to best represent the interests of our shareholders.”

About RF Industries

RFI manufactures, designs and distributes Radio Frequency (RF) connectors and cable assemblies, medical cabling products, RF wireless products and fiber optic cable products. Coaxial connectors, cable assemblies and custom microwave RF connectors are used for Wi-Fi, PCS, radio, test instruments, computer networks, antenna devices, aerospace, OEM and Government agencies. Medical Cabling and Interconnector products are specialized custom electrical cabling products for the medical equipment monitoring market. RF Wireless products include digital data transceivers for industrial monitoring, wide area networks, GPS tracking and mobile wireless network solutions. Fiber optic cable, connector and harness products serve computer, aerospace, computer networking and specialty applications.

Forward-Looking Statements

This press release contains forward-looking statements with respect to future events which are subject to a number of factors that could cause actual results to differ materially. Factors that could cause or contribute to such differences include, but are not limited to: changes in the telecommunications industry; the operations of the Cables Unlimited division which was acquired in June 2011; and the Company’s reliance on certain distributors for a significant portion of anticipated revenues. Further discussion of these and other potential risk factors may be found in the Company’s public filings with the Securities and Exchange Commission ( www.sec.gov ) including its Form 10-K. All forward-looking statements are based upon information available to the Company on the date they are published and the Company undertakes no obligation to publicly update or revise any forward-looking statements to reflect events or new information after the date of this release.

Investor:
Institutional Marketing Services (IMS)<br …read more
Source: FULL ARTICLE at DailyFinance

MetroPCS Merger Opponent Raises More Questions

By Dan Radovsky, The Motley Fool

Filed under:

The proposed merger of MetroPCS and T-Mobile USA has passed all the regulatory hurdles: vetting by the Department of Justice, the Federal Communications Commission, and the Committee on Foreign Investment.

All it has to do now is make it past the stockholders, who get to vote the deal up or down at a special shareholders meeting to be held on April 12. Unlike the governmental scrutiny, however, getting the merger past MetroPCS’ investors may not go as smoothly.

One very persistent major shareholder, P. Schoenfeld Asset Management, or PSAM, which owns 2% of MetroPCS’ outstanding shares, has met every company call for a “yes” vote on the merger with its own call for a thumbs down.

PSAM‘s latest appeal, poses a number of questions for shareholders to think about and for the company to answer. Here are a few:

  • “How does PCS explain the approximately 23% decline in its share price since the announcement of the Proposed Transaction, a period when the S&P is up 7.2% and the comparable index is up 0.6%?”
  • “How does PCS explain that its Chairman and CEO Roger Linquist has sold 2 million shares (approximately 28% of his holdings) at an average price of approximately $10 per share since December 12, 2012, and board member Kevin Landry’s Firm, TA Associates, has sold approximately 3.8 million shares since the Proposed Transaction was announced?”
  • “Why is PCS deducting $1.5 billion of future spectrum purchases from its value relative to T-Mobile?”
  • “Why is PCS contributing its intellectual property to the combined PCS/T-Mobile while DT is insisting on a royalty for the use of the T-Mobile name through a trademark license?”

PSAM has a powerful ally in its fight against the merger with T-Mobile and its parent company Deutsche Telekom. MetroPCS’ largest single stockholder, Paulson & Co., which owns 9.9% of the company, has filed its intent with the Securities and Exchange Commission to vote against the deal as it is now structured.

Paulson says it agrees with PSAM that “the new company will be saddled with an onerously large amount of debt,” and that “the interest rate on Deutsche Telekom‘s debt financing is far above market, based on the new company’s anticipated credit rating. Specifically, MetroPCS/T-Mobile will pay an egregiously high 7% interest rate on the $15 billion of intercompany debt.”

One more question: Where’s Roger?
Earlier this week, a joint announcement from Deutsche Telekom, T-Mobile USA, and MetroPCS listed the board of directors for the proposed new company. What made it interesting was not who was on it but who wasn’t.

Roger Linquist was nowhere to be found on the new board. Will he be out entirely? Two inquiries regarding this to MetroPCS have not been answered.

The Motley Fool’s chief investment officer has selected his No. 1 stock for the next year. Find out which stock it is in the brand-new free report: “The Motley Fool’s Top Stock for 2013.” Just click here to access the …read more
Source: FULL ARTICLE at DailyFinance

MetroPCS Merger Opponent Calls for Resignations

By Dan Radovsky, The Motley Fool

Filed under:

P. Schoenfeld Asset Management, or PSAM, sent a letter today to the MetroPCS board of directors, calling for a change in the company’s “governance structure and policies should the proposed transaction [merger] with T-Mobile be voted down” at the special shareholders’ meeting to be held on April 12, PSAM announced late today.

In its letter, PSAM calls for the resignation of current chairman of the board and company CEO Roger Linquist, and also of director Kevin Landry, because of their “aggressively selling down their positions in PCS stock while simultaneously recommending the T-Mobile transaction to PCS stockholders, based on implied values nearly 70% above their sales prices. In our opinion, these two directors no longer have their interests properly aligned with shareholders and they should both leave the board now.”

Earlier, PSAM had accused Mr. Linquist of selling 28% of his MetroPCS holdings despite pushing for the merger with T-Mobile.

In a recent announcement from MetroPCS, T-Mobile USA, and T-Mobile’s parent company Deutsche Telekom, which announced the composition of the board of directors of the proposed new company, neither Mr. Linquist’s nor Mr. Landry’s name is mentioned.

PSAM and its investment clients together own MetroPCS shares worth approximately $100 million, and which represent 2% of the company’s outstanding shares.

The article MetroPCS Merger Opponent Calls for Resignations originally appeared on Fool.com.

Fool contributor Dan Radovsky has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

(function(c,a){window.mixpanel=a;var b,d,h,e;b=c.createElement(“script”);
b.type=”text/javascript”;b.async=!0;b.src=(“https:”===c.location.protocol?”https:”:”http:”)+
‘//cdn.mxpnl.com/libs/mixpanel-2.2.min.js’;d=c.getElementsByTagName(“script”)[0];
d.parentNode.insertBefore(b,d);a._i=[];a.init=function(b,c,f){function d(a,b){
var c=b.split(“.”);2==c.length&&(a=a[c[0]],b=c[1]);a[b]=function(){a.push([b].concat(
Array.prototype.slice.call(arguments,0)))}}var g=a;”undefined”!==typeof f?g=a[f]=[]:
f=”mixpanel”;g.people=g.people||[];h=[‘disable’,’track’,’track_pageview’,’track_links’,
‘track_forms’,’register’,’register_once’,’unregister’,’identify’,’alias’,’name_tag’,
‘set_config’,’people.set’,’people.increment’];for(e=0;e<h.length;e++)d(g,h[e]);
a._i.push([b,c,f])};a.__SV=1.2;})(document,window.mixpanel||[]);
mixpanel.init("9659875b92ba8fa639ba476aedbb73b9");

function addEvent(obj, evType, fn, useCapture){
if (obj.addEventListener){
obj.addEventListener(evType, fn, useCapture);
return true;
} else if (obj.attachEvent){
var r = obj.attachEvent("on"+evType, fn);
return r;
}
}

addEvent(window, "load", function(){new FoolVisualSciences();})
addEvent(window, "load", function(){new PickAd();})

var themeName = 'dailyfinance.com';
var _gaq = _gaq || [];
_gaq.push(['_setAccount', 'UA-24928199-1']);
_gaq.push(['_trackPageview']);

(function () {

var ga = document.createElement('script');
ga.type …read more
Source: FULL ARTICLE at DailyFinance

MetroPCS Merger Opposition Questions Chairman's Stock Selling

By Dan Radovsky, The Motley Fool

Filed under:

MetroPCS chairman and CEO Roger Linquist’s recent selling of company shares prior to the proposed merger between MetroPCS and T-Mobile USA has caught the attention of a vocal opponent to the deal.

The P. Schoenfeld Asset Management hedge fund, or PSAM, filed a statement with the Securities and Exchange Commission, reasserting its opposition to the merger. The statement that it also put out as a press release today reads in part:

“We note that MetroPCS Chairman Roger Linquist recently sold approximately $20 million in PCS shares (representing approximately 28% of his share position in PCS) despite recently signing shareholder letters that communicated an expected post-transaction PCS share value that is 65% higher than the prices at which his recent sales occurred. If Linquist is so confident the Company will achieve these projected pro forma share values in the near future, why is he selling and not buying PCS shares?”

MetroPCS stockholders will have a chance to vote up or down on the merits of the company’s proposed merger deal with T-Mobile USA at a special meeting to be held April 12. Schoenfeld says it will put out a “white paper” outlining its objections to the merger in the coming days.

P. Schoenfeld Asset Management says it and its investment advisory clients are “significant shareholders” of MetroPCS, with an aggregate position of more than 9,230,000 shares, representing almost $100 million in value at current prices.

link

The article MetroPCS Merger Opposition Questions Chairman’s Stock Selling originally appeared on Fool.com.

Fool contributor Dan Radovsky has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

(function(c,a){window.mixpanel=a;var b,d,h,e;b=c.createElement(“script”);
b.type=”text/javascript”;b.async=!0;b.src=(“https:”===c.location.protocol?”https:”:”http:”)+
‘//cdn.mxpnl.com/libs/mixpanel-2.2.min.js’;d=c.getElementsByTagName(“script”)[0];
d.parentNode.insertBefore(b,d);a._i=[];a.init=function(b,c,f){function d(a,b){
var c=b.split(“.”);2==c.length&&(a=a[c[0]],b=c[1]);a[b]=function(){a.push([b].concat(
Array.prototype.slice.call(arguments,0)))}}var g=a;”undefined”!==typeof f?g=a[f]=[]:
f=”mixpanel”;g.people=g.people||[];h=[‘disable’,’track’,’track_pageview’,’track_links’,
‘track_forms’,’register’,’register_once’,’unregister’,’identify’,’alias’,’name_tag’,
‘set_config’,’people.set’,’people.increment’];for(e=0;e<h.length;e++)d(g,h[e]);
a._i.push([b,c,f])};a.__SV=1.2;})(document,window.mixpanel||[]);
mixpanel.init("9659875b92ba8fa639ba476aedbb73b9");

function addEvent(obj, evType, fn, useCapture){
if (obj.addEventListener){
obj.addEventListener(evType, fn, useCapture);
return true;
} else if (obj.attachEvent){
var r = obj.attachEvent("on"+evType, fn);
return r;
…read more
Source: FULL ARTICLE at DailyFinance

Media Digest (3/6/2013) Reuters, WSJ, NYT, FT, Bloomberg

By 24/7 Wall St.

Facebook-F-logo

Apple Inc. (NASDAQ: AAPL) and Beats Electronics discuss a content partnership. (Reuters)

The European Union will fine Microsoft Corp. (NASDAQ: MSFT) for violating agreements about use of its browser. (Reuters)

Google Inc. (NASDAQ: GOOG) begins to test a same-day delivery system for retailers’ products that have been bought online. (Reuters)

Five stocks that have accounted for much of the increase in the Dow Jones Industrial Average since it hit bottom in 2009 are International Business Machines Corp. (NYSE: IBM), Caterpillar Inc. (NYSE: CAT), 3M Co. (NYSE: MMM), Chevron Corp. (NYSE: CVX) and United Technologies Corp. (NYSE: UTX). (WSJ)

The BNSF Railway unit of Berkshire Hathaway Inc. (NYSE: BRK-A) will test the use of natural gas to run trains that now use diesel. (WSJ)

J.C. Penney Co. Inc. (NYSE: JPC) board members may replace its chief executive or sell the company if results do not improve this year. (WSJ)

Short sales greatly help the housing market by replacing foreclosures as a way to sell homes. (WSJ)

The Federal Reserve will not allow banks to use stress test rules that they have pushed for over the current ones. (WSJ)

China’s Tencent, a competitor of Twitter, will move into the United States. (WSJ)

China attacks Google for the dominance of its Android system in the smartphone market in the People’s Republic. (WSJ)

Microsoft discounts Windows 8 and Office in an attempt to increase sales. (WSJ)

State college education tuition surges as access to public money drops due to hard financial times for state governments. (WSJ)

Companies with employees who work from home at least one day a week have had increases in productivity and lower costs. (WSJ)

News Corp. (NASDAQ: NWSA) will launch a sports network on Fox. (WSJ)

Proxy advisory firm ISS urges investors not to vote for Hewlett-Packard Co. (NYSE: HPQ) Chairman Ray Lane and several other board members. (WSJ)

Fiat presses plans to buy all of Chrysler. (WSJ)

Some investors will fight the merger of MetroPCS Communications Inc. (NYSE: PCS) and T-Mobile. (WSJ)

The Institute for Supply Management reports that business expansion in the United States has been strong. (NYT)

Samsung makes a $100 million investment in Sharp. (FT)

Toyota Motor Corp. (NYSE: TM) discounts prices of its popular Camry because sales have fallen. (Bloomberg)

Filed under: 24/7 Wall St. Wire, Press Digest Tagged: AAPL, BRK-A, CAT, CVX, GOOG, HPQ, IBM, JCP, MMM, MSFT, NWSA, PCS, TM, UTX

Permalink | Email this | Linking Blogs | Comments

…read more
Source: FULL ARTICLE at DailyFinance

Analyst Says Sprint Trading Way Under Arbitrage Buyout Price (S, VZ, T, AAPL, PCS, CLWR, DISH)

By 24/7 Wall St.

Sprint USB device

Filed under: , , ,

The ongoing merger (or majority stake) saga at Sprint Nextel Corp. (NYSE: S) may finally be coming to a close. The analysts at Argus feel confident that the Softbank/Sprint merger has a reasonably good chance for approval. In a research report released today, they point out that investors should take note of the 26% arbitrage difference between the current Sprint stock price and the $7.30 Softbank offer.

The long running turnaround at Sprint has lasted more than three years. While the company has made good progress in luring the lower margin prepaid business, attracting the higher margin postpaid subscribers, a business dominated by Verizon Communications Inc. (NYSE: VZ) and AT&T Inc. (NYSE: T), has been difficult. While prepaid is lower-margin than postpaid, it is one of the strongest parts of Sprint’s business. The research team at Argus sees increased competition in this segment due to refocused offers from the market leaders, Verizon and AT&T, as well as from smaller players like MetroPCS Communications Inc. (NYSE: PCS). In addition, Sprint has been able to launch 4G LTE service in more than 50 cities, though its rollout is still dwarfed by the larger carriers.

Sprint finally got to offer its customers the iPhone in October 2011. Selling the popular smartphone cuts both ways, as handset subsidies paid to Apple Inc. (NASDAQ: AAPL) have hurt margins. According to the Argus research report, Sprint sold 1.6 million iPhones in the fourth quarter, which helped fuel its top line, but also has had an impact on margins.The company said that 38% of its iPhone activations in the quarter were for customers new to Sprint. However, it is unclear exactly where the customers are coming from since AT&T sold 8.6 million iPhones in the quarter and Verizon sold 6.2 million. The likely suspects would be T-Mobile, which does not have the iPhone, and customers moving up from prepaid. We note that nearly 40% of Sprint’s iPhone-related additions in the fourth quarter were new to the company, well above the rates for Verizon and AT&T.

Softbank, which is a Japanese telecom and Internet company, agreed to take control of Sprint Nextel, which is the third-largest U.S. telecom, last October. Under the terms of the deal, SoftBank will invest $20.1 billion in Sprint in exchange for 70% of Sprint’s equity. Some $12.1 billion will be distributed to Sprint shareholders for 55% of the company’s equity, and the remaining $8 billion will be used to strengthen Sprint’s balance sheet. At closing, Sprint shareholders will have the right to receive $7.30 per share in cash or one share of the recapitalized “new Sprint.”

One of the additional attractive assets that Softbank covets in the deal is Sprints majority ownership of wireless broadband provider Clearwire Corp. (NASDAQ: CLWR). With 1.4 million retail subscribers and 9.1 million wholesale subscribers, Clearwire has accepted Sprint’s offer to acquire the remaining 49% of the company that it does not already own. However, a competing …read more
Source: FULL ARTICLE at DailyFinance