The recent counterbid made by DISH Network Corp. (NASDAQ:DISH) has made Clearwire Corporation (NASDAQ:CLWR) investors more determined to push Sprint Nextel Corporation (NYSE:S) to increase its $2.97 per share offer. The $3.30 a share offer made by Dish justifies the investor's argument that Sprint is grossly underrating the Bellevue, Washington-based carrier’s true value. Now, more of Clearwire investors have voiced their opinion and dissatisfaction about Sprint’s acquisition talks with the regional player.

Investors voicing their concerns regarding Sprint’s proposal According to CNET, several Clearwire investors have made it crystal clear that they would vote against the Sprint proposal. Glenview Capital Management, which holds 28 million Class A shares of Clearwire, is against the $2.97 a share offer and would subsequently reject it. Another shareholder, Taran Asset Management, plans to file a complaint with the Federal Communications Commission (FCC) as a protest against the offer, stating that the spectrum-rich company is worth more than Sprint’s petty consideration. Chris Gleason, a spokesperson of this New York-based firm, said that a deal would be struck only if the Kansas carrier bids higher. He said that "to pretend they don’t have to raise their bid is silly."

Houston-based Crest Financial has already requested that the telecom regulator restrict the deal from happening as Sprint isn’t giving Clearwire the right price for its most valued possession spectrum. Another investment firm, Mount Kellett Capital Management, has asked the Clearwire board and committee to reflect on Dish’s proposal rather than considering Sprint’s takeover bid, which fails to appreciate the company’s true worth. Jonathan Fiorello, COO of Mount Kellett, which owns 7% of Clearwire’s shares, said "it is incumbent on the Special Committee to take its time to thoroughly and thoughtfully evaluate the Dish proposal."