SOURCE: The Bedford Report

The Bedford Report

March 17, 2011 07:35 ET

Wireless Communication Management Shakeups Lead to Merger and Acquisition Speculation

The Bedford Report Provides Analyst Research on Clearwire & Leap Wireless

NEW YORK, NY--(Marketwire - March 17, 2011) - As the economic recovery gains momentum, analysts are predicting a surge in tech wireless communications M&A. As companies get larger and experience diminishing returns in their core business, they are showing willingness to utilize their large resource pools to acquire smaller firms in a race to diversify and to build their reach. Given the limited opportunities for meaningful acquisitions, the companies in stronger financial positions, and the willingness to act, stand to gain the most from such activities. The Bedford Report examines the outlook for companies in the Wireless Communications Industry and provides research reports on Clearwire Corporation (NASDAQ: CLWR) and Leap Wireless International, Inc. (NASDAQ: LEAP). Access to the full company reports can be found at:

Leap Wireless has been suggested as a potential takeover target in recent months. Last week Pentwater Capital Management -- which owns 5 percent of LEAP shares -- sent a letter sharply criticizing LEAP's management and said it will nominate three new directors to Leap's board to shake up the company. Pentwater singled out Leap's decision to turn away merger proposals from MetroPCS -- fuelling speculation the letter would lead to management changes or a sale.

Last month Leap Wireless said that its fiscal third quarter loss grew to $249 million, or $3.28 per share, from $61.9 million, or 82 cents per share, a year earlier.

The Bedford Report releases regular market updates on the Wireless Communications Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous analyst reports and industry newsletters.

Last week Clearwire's CEO Bill Morrow resigned in a wider management shake-up as the wireless operator tries to resolve a dispute with majority owner Sprint Nextel. Two other top executives are also leaving and the finance chief is moving to an operational role.

Sprint owns 54 percent of Clearwire. In late 2010, investors were hopeful that Sprint would buy Clearwater, however Sprint dismissed these claims. 

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