Clearwire says it will take another $80 million draw next month under the terms of its agreements with Sprint Nextel Corporation that provide additional financing to the 4G player in the form of exchangeable notes. They will be redeemed under certain conditions for Clearwire common stock at $1.50/share, should Sprint win its battle for a full Clearwire acquisition. Dish Network continues to be in the running for the carrier, and the Special Committee evaluating both bids hasn’t made any determination as to whether to allow Clearwire to take any future draws. It’s also hasn’t altered its recommendation that Sprint be approved as the purchaser.

The Daily


DC Circuit Vacates Two Conditions Tied to Charter’s TWC Acquisition

A federal appeals court vacated two FCC conditions that were part of the approval order for Charter’s 2016 acquisition of Time Warner Cable.

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