Sprint Responds to ISS Recommendation to Clearwire Shareholders
OVERLAND PARK, Kan. (BUSINESS WIRE), May 10, 2013 - Sprint (NYSE:S) today commented on the recommendation from Institutional Shareholder Service (ISS), the leading proxy advisory service, that Clearwire (NASDAQ: CLWR) shareholders vote in favor of the merger agreement between the companies.
“We are pleased ISS recommends that Clearwire shareholders vote for Sprint’s merger agreement. Our agreement has the unanimous support of Clearwire’s Special Committee and Board, provides Clearwire shareholders with certain, fair and attractive value and is the best strategic alternative for the company and its minority stockholders. We urge Clearwire shareholders to support the transaction at the company’s upcoming Shareholder’s Meeting.”
About Sprint Nextel
Sprint Nextel offers a comprehensive range of wireless and wireline communications services bringing the freedom of mobility to consumers, businesses and government users. Sprint Nextel served more than 55 million customers at the end of the first quarter of 2013 and is widely recognized for developing, engineering and deploying innovative technologies, including the first wireless 4G service from a national carrier in the United States; offering industry-leading mobile data services, leading prepaid brands including Virgin Mobile USA, Boost Mobile, and Assurance Wireless; instant national and international push-to-talk capabilities; and a global Tier 1 Internet backbone. The American Customer Satisfaction Index rated Sprint No. 1 among all national carriers in customer satisfaction and most improved, across all 47 industries, during the last four years. Newsweek ranked Sprint No. 3 in both its 2011 and 2012 Green Rankings, listing it as one of the nation’s greenest companies, the highest of any telecommunications company. You can learn more and visit Sprint at www.sprint.com or www.facebook.com/sprint and www.twitter.com/sprint.