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Sprint Completes Spectrum Buy from U.S. Cellular, Gains 420,000 Customers

May 20, 2013 10:47 am | by Andrew Berg | News | Comments

Sprint on Friday announced that it had completed its purchase of 20MHz of PCS spectrum from U.S. Cellular that covers various Midwest markets, including Chicago, South Bend, Ind., and Champaign, Illinois. As part of the deal, Sprint also snagged 10MHz of PCS spectrum in the St. Louis market...

Dish Crystalizing Sprint Bid With $2.5B Debt Offering

May 15, 2013 10:56 am | by Ben Munson | News | Comments

Dish Tuesday announced a $2.5 billion debt offering to be placed in escrow for use toward the $9.3 billion the company still needs to raise for the cash consideration portion of its $25.5 billion offer to merge with Sprint, a move that serves as more than a gesture of good will toward the Sprint bid since it will likely cost Dish to place that money into escrow.

Clearwire Again Implores Shareholders to Vote For Sprint Offer

May 13, 2013 11:17 am | by Ben Munson | News | Comments

Today’s letter goes over the points outlined in a letter Clearwire sent to shareholders last week but this time, Clearwire comes armed with a new recommendation from Institutional Shareholder Services (ISS), an advisory firm that is now recommending Clearwire shareholders vote for the Sprint merger.


Report: SoftBank Pushing Banks to Not Finance Dish’s Sprint Bid

May 13, 2013 10:09 am | by Ben Munson | News | Comments

SoftBank appears to be playing hardball with banks that could potentially help finance Dish Network’s $25.5 billion opposing bid. A Reuters report cited two sources suggesting SoftBank, which owns 33 percent of Chinese e-commerce site Alibaba, has told lenders their chances of underwriting Alibaba’s imminent IPO could be jeopardized by aiding Dish in financing its Sprint bid.

Dish: If Sprint Bid Falls Through, There are Other Options

May 9, 2013 4:58 pm | by Ben Munson | News | Comments

Dish Network is in a heated battle with Japanese carrier SoftBank over whose bid is the best value for Sprint. But Dish Chairman Charlie Ergen seems confident that his company has other options for breaking into wireless should Dish lose out. During Dish’s first quarter conference call Thursday, Ergen suggested Dish could partner with someone else in the wireless industry, sell its spectrum or sell the company.

First News Briefs for May 9, 2013

May 9, 2013 10:52 am | by Wireless Week Staff | News | Comments

Telit Wireless Solutions, a global provider of machine-to-machine (M2M) modules, services and solutions, today announced approval by Sprint for its CE910-DUAL cellular M2M module. A dual-band CDMA 1xRTT module, the CE910-DUAL allows Sprint M2M Solutions customers to deploy a wide range of M2M applications benefiting from reliable connectivity over Sprint’s nationwide network while enabling even the most cost sensitive business plans.

Report: Sprint Pushes Dish for More Details on Merger Bid

May 8, 2013 11:02 am | by Ben Munson | News | Comments

Sprint is holding back on granting financial information to Dish Network as it pushed the company to elaborate on how its $25.5 billion merger offer will be funded and how it will create cost savings. Bloomberg, citing sources familiar with the matter, said Sprint’s board has raised its eyebrows at Dish’s ability to round up the $9.3 billion in financing it needs for the deal.

SoftBank CEO: Our Sprint Deal is Better Because of TD-LTE

May 7, 2013 10:09 am | by Ben Munson | News | Comments

Speaking at a press conference, Son touted his company’s success in deploying TD-LTE over 2.5 GHz spectrum in Japan. He added SoftBank is better equipped to help Sprint deploy the same kind of service on the large swaths of 2.5 GHz Sprint stands to inherit should its $2.2 billion bid to buyout WiMax wholesaler Clearwire go through.


First News Briefs for May 6, 2013

May 6, 2013 10:47 am | by Wireless Week Staff | News | Comments

Sprint and Time Inc. today announced a mobile content, advertising and retail alliance. As part of the arrangement, Time Inc. will deliver its branded content within a customizable section of the SprintZone application on select Sprint devices. Customers can expect the latest entertainment, lifestyle, sports and business news.

Clearwire Sends Letter to Stockholders, Urging Yes Vote on Sprint Bid

May 6, 2013 10:32 am | by Ben Munson | News | Comments

Clearwire outlined its exhaustive efforts to turn around its fortunes in the WiMax wholesale market in a letter sent Monday to stockholders. But the company continually returned to the conclusion that Sprint’s $2.97 per share offer (translating to nearly $2.2 billion for shareholders) was not only the best deal but really the only deal that would save Clearwire before its liquidity runs dry.

U.S. Cellular Profits Down 92 Percent, 74K Postpaid Losses

May 3, 2013 9:54 am | by Ben Munson | News | Comments

U.S. Cellular posted a net income of $4.9 million for its first quarter of 2013, down a considerable 97 percent from the $62.5 million it posted in the same quarter last year. Similarly, diluted EPS for the quarter sank to $0.06, down from the $0.73 EPS it posted in the first quarter of 2012.

Sprint Making Good on June 29 iDen Shutdown

May 2, 2013 9:22 am | by Andrew Berg | News | Comments

The shutdown of Sprint's iDen network has been a longtime in coming and is very near at hand, according to the company. Sprint today confirmed that the last full day of iDEN service will be June 29, with a shutdown that begins first thing Sunday, June 30 and continuing throughout the day...

Softbank Claims Its Sprint Bid Represents 21 Percent Premium over Dish Bid

April 30, 2013 10:22 am | by Andrew Berg | News | Comments

Softbank today went on the offensive as it sought to defend the benefits of its $20.1 billion offer to acquire a 70 percent stake of Sprint Nextel. SoftBank Corp. said it has presented an analysis of its agreed transaction with Sprint and explained to investors why its transaction is superior to what it called...


Clearwire Draws Sprint Funding for Third Straight Month

April 30, 2013 8:55 am | by Ben Munson | News | Comments

After declining funding from Sprint in January and February, Clearwire has elected to take the funding for May, making it three straight months of $80 million draws for a grand total of $240 million. The initial offer from Sprint totaled $800 million to be lent...

SoftBank Allows Sprint to Conduct Talks with Dish

April 29, 2013 10:49 am | by Associated Press | News | Comments

Sprint Nextel says SoftBank is allowing it to seek more information from Dish Network related to its rival bid for the third-largest U.S. cellphone company. Sprint has agreed to sell 70 percent of itself to Japan's Softbank Corp. for $20.1 billion. But it recently got a competing...

Sprint, T-Mo Delay S4 Launch on Inventory Problems

April 24, 2013 10:47 am | by Andrew Berg | News | Comments

Sprint and T-Mobile, which had previously announced their customers would get first dibs on the Samsung Galaxy S4, have now said the device will be delayed. In a statement, Sprint said that while it had planned to launch the phone on Saturday, April 27, Sprint was dealing with...

Sprint’s 1Q Losses Narrow, While Customers Jump Ship

April 24, 2013 10:14 am | by Andrew Berg | News | Comments

Sprint today reported shrinking first-quarter losses of $643 million, down from $863 million in the same period last year. Revenues from the Sprint platform were up 9 percent annually to $7.1 billion. Subscribers continued to jump ship however, perhaps as they wait to see how the pending merger...

FreedomPop Goes Nationwide With Freemium Internet on Sprint’s 3G

April 24, 2013 9:38 am | by Ben Munson | News | Comments

FreedomPop today announced it has jumped onto Sprint’s CDMA airwaves and expanded its potential coverage by more than 220,000 Americans. The freemium mobile broadband provider, which guarantees customers 500 MB free per month, had previously only operated on Clearwire’s WiMax service.

Sprint Launches New Enterprise Services

April 23, 2013 10:14 am | by Ben Munson | News | Comments

Sprint today launched a number of new services geared toward the enterprise, addressing WAN limitations and BYOD. Data Link rolls out on Sprint 3G and LTE networks and provides enterprises with private network coverage. The 99.9-percent service level agreement Data Link supports smartphones, tablets, laptops, M2M applications, hotspots and mobile broadband cards.

Sprint Forms Special Committee to Review Dish Bid

April 22, 2013 9:50 am | by Ben Munson | News | Comments

Sprint today announced a special committee of independent directors who will evaluate Dish Network’s $25.5 billion proposed merger. The committee will decide if Dish’s proposal is, or “is reasonably likely to lead to,” a superior offer to Softbank’s near $20 billion bid to acquire a 70 percent stake in Sprint.

Sprint CEO Announces LTE Roaming Agreement With C Spire

April 18, 2013 10:20 am | by Ben Munson | News | Comments

Sprint CEO Dan Hesse, speaking at the Competitive Carrier Association’s Global Expo in New Orleans, opined on the virtues of a competitive mobile market. “We’re all going up against Goliaths,” he said, speaking about the uphill battle Sprint and other carriers, many also members of CCA, face in catching up with Verizon and AT&T.

Report: Clearwire Might Default if Sprint Bid Not Approved Soon

April 16, 2013 9:23 am | by Ben Munson | News | Comments

Clearwire is considering defaulting on a $255 million interest payment due in June, which is based on nearly $4.5 billion in debt. Reuters dug into the company’s proxy filing from last week and saw that the company might consider bankruptcy if Sprint’s proposed acquisition is not approved by shareholders.

Analysts Weigh-In on Dish’s Offer to Sprint

April 15, 2013 3:32 pm | by Ben Munson | News | Comments

Dish Network unleashed a whole lot of disruption Monday morning when it announced a $25.5 billion offer to merge with Sprint. The unsolicited bid threw a big wrench into Softbank’s $20-billion deal for Sprint. Roger Entner, founder of Recon Analysts, sees Dish’s offer playing out in terms of more money for Sprint’s investors.

Dish Leapfrogs Softbank With $25.5 Billion Bid for Sprint

April 15, 2013 10:26 am | by Ben Munson | News | Comments

Dish Networks this morning announced a $25.5 billion merger bid for Sprint, a deal it says represents a 13 percent premium over the value of Softbank’s current offer to acquire the Kansas City-based carrier. Dish’s offer consists of $17.3 billion in cash and $8.2 billion in stock.

Hedge Fund Offers Clearwire Additional $80M in Financing

April 10, 2013 10:50 am | by Ben Munson | News | Comments

Aurelius Capital Management has offered Clearwire $80 million in funding to further entice the WiMax wholesaler away from Sprint’s funding offer. In a letter to Clearwire’s board, Aurelius explains that its financing offer would be on similar terms to that of Sprint’s...

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