Deals
Clearwire Investor Demands Spectrum Sale in Letter to Board
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A Clearwire Corp. investor asked interim Chief Executive Officer John Stanton to reexamine a sale of spectrum holdings to help boost the stock price and the wireless-service provider’s value to an acquirer.
A sale of the rights to wireless frequencies that carry voice and data signals will help establish a higher value for Clearwire’s assets and free up cash, New York-based Pardus Capital Management said in a letter to Stanton and the board last week that was circulated to other investors on May 23.