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Sprint Revises Offer for Clearwire

May 21, 2013 |
BELLEVUE, Wash -- Clearwire Corporation (NASDAQ: CLWR) (“Clearwire” or the “Company”) today confirmed that it has received a revised offer from Sprint (NYSE:S) to acquire the approximately 50 percent stake in the Company it does not currently own for $3.40 per share.

Consistent with its fiduciary duties and in consultation with its financial and legal advisors, the Special Committee of the Clearwire Board of Directors will review this revised proposal from Sprint.

In light of the revised offer, and pursuant to the discretionary authority granted to the chairman of the meeting by Clearwire’s bylaws, Clearwire plans to adjourn its Special Meeting of Stockholders, which is scheduled to be held at 10:30 a.m. Pacific time on Tuesday, May 21, 2013, without conducting any business. The Special Meeting of Stockholders will reconvene on Thursday, May 30, 2013, at 9:30 a.m. Pacific time at the Highland Community Center, 14224 Bel-Red Road, Bellevue, Wash 98007. The record date for stockholders entitled to vote at the Special Meeting, and at any further adjournment or postponement of the meeting, remains April 2, 2013.

Clearwire LLC



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