Clearwire continues review of Dish offer, recommends Sprint deal

NEW YORK Fri Feb 1, 2013 6:37am EST

NEW YORK Feb 1 (Reuters) - Clearwire Corp said on Friday that it was still evaluating an offer from Dish Network Corp to buy the company for $3.30 per share even as it recommended that shareholders vote for a rival offer from Sprint Nextel Corp.

Clearwire, which agreed in December to a $2.97-per-share buyout by Sprint, also said it would not draw on a $80 million offer of financing from Sprint Nextel in February because it is still evaluating the Dish offer.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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