The following is a statement
by Crest Financial Limited about Sprint's Offer to Buy Clearwire Corporation CLWR:
The $2.90 per share offer by Sprint for Clearwire today is the capstone in
Sprint's ongoing effort to interfere with Clearwire's ability to operate as an
independent company, to thwart the planned development of Clearwire's network,
and to take Clearwire's valuable high-speed broadband spectrum for itself to
the detriment of Clearwire's minority shareholders.
Crest Financial, a significant minority shareholder of Clearwire, intends to
take whatever actions it can, including petitioning the Federal Communications
Commission, to protect the rights of Clearwire shareholders against unfair
dealing by Sprint and other parties, and to preserve competition in the market
for broadband services.
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