(Telecompaper) Sprint has increased its offer to acquire the approximately 50 percent of Clearwire it does not currently own to USD 5.00 per share, valuing Clearwire at approximately USD 14 billion, or about USD 0.30 per MHz pop. This increased offer represents a 47 percent premium to Sprint's previous offer of USD 3.40 per share announced on 21 May and a 285 percent premium to Clearwire's closing share price on 10 October 2012, the day before the Sprint-SoftBank discussions were first confirmed in the marketplace and Clearwire was speculated to be part of that transaction. This offer also represents a 14 percent premium to the USD 4.40 per share offer Clearwire previously agreed with Dish Network. Clearwire announced that its board of directors, based on the unanimous recommendation of the Special Committee consisting of independent, non-Sprint-affiliated directors, recommended that stockholders accept the revised offer from Sprint.