Sprint isn't sweating Dish Network’s offer to buy Clearwire for $3.30 per share, an 11 percent increase over its $2.97 offer, and doesn't foresee needing to up its bid in acquiring a 100 percent stake in the WiMax provider, according to a Reuters report citing sources close to the deal.
Dish Network has offered to buy up to all of Clearwire’s common stock at $3.30 in a proposed deal that would allow Dish to purchase some spectrum assets from Clearwire. Under the conditions of the preliminary offer, Dish would acquire approximately 11.4 billion MHz-POPs from Clearwire, or 24 percent of its total spectrum holdings, for $2.2 billion.
Crest Financial Limited, which owns an 8.3 percent share of Clearwire, has petitioned the FCC to block Sprint's proposed 100 percent acquisition of Clearwire, citing proper public notice was not issued in Sprint's 2012 deal with Eagle River Holdings to re-acquire a controlling stake in Clearwire.
Caps have been placed the amount of data mobile customers can use under the impression it helps to alleviate network congestion, according to a new study released by the Open Technology Institute. Can any of the unique data service models used by MVNOs solve the problem and help to convince big carriers to cease the restrictive practice?
Dish Network this week repeated a previous request for an extension to the time allotted for commenting on Sprint's proposed buy out of Clearwire. Sprint intends to purchase the remaining 50 percent share of Clearwire it doesn't already own for $2.2 billion.
Sprint's bid to own 100 percent of Clearwire has been accepted at $2.2 billion, which equals the $2.97 per share cap that Sprint majority stake holder Softbank placed on the deal. In a statement, Sprint said the deal takes the enterprise value of Clearwire to approximately $10 billion.
Sprint’s bid to buy the remaining portion of Clearwire is proving more complicated than originally thought, as Softbank, which plans to acquire a 70-percent stake in Sprint next year, draws a cap on Sprint’s bid for Clearwire, and investors say they want a lot more per share than that bid will allow.
Clearwire today filed an 8-K to inform investors of Sprint's filing with the Securities and Exchange Commission, disclosing its intent to acquire the Clearwire Corporation capital stock it doesn't already own. Clearwire's filing reports...
Sprint and Clearwire are nearing a deal that would allow Sprint to buy the remaining 49 percent of Clearwire that it doesn't already own, according to a report from CNBC. In October, Sprint acquired a 4.5 percent stake in Clearwire from Eagle River Holdings LLC to push it up to a 50.8 percent...
FreedomPop, an MVNO operating on Clearwire’s WiMax network, today announced its foray into home broadband and the company has begun accepting pre-orders for its Hub Burst modem/router. The broadband service will operate on a freemium model similar...
Kajeet has signed a wholesale agreement to operate its wireless broadband services, which are geared toward children and educators, on Clearwire's WiMax network. Kajeet offers kids lower-priced texting, voice and data plans that come equipped with stringent parental controls.
Softbank's pending control of Sprint's purse strings could be bad news for Clearwire's ability to tap its largest shareholder for cash.
Japanese operator Softbank is shelling out $20.1 billion to acquire a controlling 70 percent stake in Sprint, a transaction that will give Sprint much-needed cash to compete with AT&T and Verizon Wireless.
Softbank's massive investment in Sprint has renewed analyst speculation about the transaction's implications for Clearwire.
Clearwire's executives say they are continuing to evaluate selling off spectrum or partnering with another company after losing both wholesale and retail customers in the third quarter.
Clearwire signed up another wholesale customer today with the addition of Jolt Mobile, a provider of prepaid and international calling for GSM phones.
Clearwire signed up with the Rural Cellular Association (RCA) today, citing "many of the same advocacy concerns" as the trade group's members.
Clearwire's top executive made bold claims at an investor conference today when he said carriers who don't sign up for its wholesale TD-LTE network will be at a competitive disadvantage to those who do decide to use the service.
Clearwire says New York City, San Francisco, Los Angeles, Chicago and Seattle will be among the 31 cities it plans to light up during the first half of next year.
Clearwire finance chief Hope Cochran laid out the company's trump card at an investor conference yesterday: Operators need capacity, and Clearwire has it in spades.
Sprint's stock took a hit yesterday after a prominent research firm downgraded the operator on a "very legitimate risk" of bankruptcy, sending the operator's shares down 4.5 percent after a recent rally.
With China Mobile sent back to the bench, does that mean TD-LTE is out of the running? Not by a long shot.
Cricket Communications has signed a five-year agreement with Clearwire for wholesale access to its unbuilt TD-LTE network.
Clearwire says its TD-LTE plans remain unchanged despite a major setback at key technology partner China Mobile, whose mobile broadband plans could be delayed by the Chinese government's plan to hold off on granting licenses for the service.