Sprint Files Suit Against Dish, Clearwire
Still Claims Dish Proposal Illegal
by Karl Bode 08:40AM Tuesday Jun 18 2013 Tipped by SrsBsns
Earlier this month Sprint tried to scrap Dish's proposed takeover of Clearwire by arguing that the proposal was technically illegal under Delaware law
. Now Sprint has filed a new lawsuit against both Dish and Clearwire
in an effort to prove it and derail the deal once and for all. According to the lawsuit, Dish has "repeatedly attempted to fool Clearwire's shareholders into believing its proposal was actionable in an effort to acquire Clearwire's spectrum and to obstruct Sprint's transaction with Clearwire." The fuss over Clearwire's spectrum has resulted in the Wall Street Journal
calling the historically dismally-performing Clearwire the "darling of telecom" in a report yesterday.