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.
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 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.
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...
Sprint Nextel's Virgin Mobile prepaid business is now offering T-Mobile users a $100 credit to switch carriers. A large banner ad on Virgin Mobile's homepage beckons, "Ditch T-Mobile and Get a $100 Credit." The move comes after T-Mobile earlier this month officially...
Multi-Tech Systems, a machine-to-machine (M2M) solutions provider, has teamed up with Sprint to deliver a migration from iDEN to Sprint's CDMA services. Multi-Tech's MultiModem rCell Intelligent Wireless Router is pre-validated by Sprint and now available via the M2M Wireless Devices portal and PCD (Personal Communication Devices).
Android continues grabbing more market share, snagging 51.2 percent of smartphone sales in the United States during the three-month period that ended in February, according to a report from Kantar Worldpanel ComTech. Apple's iOS took second place...
Crest Financial Limited has offered Clearwire $240 million in financing as an alternative to the $80 million per month funding draw Sprint has been giving to the WiMax wholesaler. The offer is meant to provide Clearwire with more time to consider alternatives to Sprint’s offer of $2.97 per share to buy the roughly 50 percent of Clearwire it doesn’t already own.
AT&T will be switching over to HD Voice later this year as it begins to migrate is voice calling over to its LTE network. The Wall Street Journal’s All Things Digital blog reports that AT&T senior vice president Kris Rinne, speaking at Venture Beat’s Mobile Summit, said that HD Voice is part of the company’s LTE strategy.
Both AT&T and U.S. Cellular have confirmed April 16 as the date when they’ll start accepting pre-orders for Samsung’s new flagship smartphone. AT&T has set the price at $249 with a two-year contract while U.S. Cellular has yet to reveal pricing details. Neither carrier has set a release date.
The New York Times reports that Sprint and Softbank, the Japanese cellular company that intends to buy 70 percent of the U.S.’s third largest carrier, are expected to allow the U.S. government oversight in its choice of network suppliers.
Clearwire has opted to draw $80 million in funding for April from Sprint, as part of the carrier’s proposed offer to buy the WiMax provider for $2.97 per share. Clearwire accepted the draw for March despite Dish’s insistence it would withdraw its offer to buy the remaining half of Clearwire for $3.30 per share.
NEW YORK (AP) — T-Mobile USA has revamped its pricing plans, the latest move in an industry that's still experimenting feverishly with various ways of luring customers and getting current ones to pay as much as possible. Here's how T-Mobile's gambit compares.
According to a regulatory filing, Dish urged the FCC to insist Softbank and Sprint fully divulge their plans for utilizing the spectrum licenses they stand to inherit from Clearwire. In addition, Dish reiterated that the FCC should apply its spectrum screen to Clearwire’s 2.5GHz airwaves.
Crest Financial Limited has demanded a list of Clearwire’s shareholders and hired a proxy-solicitation firm to help in its fight to block Sprint’s proposed acquisition of Clearwire. Crest owns 3.9 percent in common stock of Clearwire. Sprint owns more than 50 percent of Clearwire.
All four major U.S. carriers have put their support behind Samsung's new Galaxy S4, which was unveiled yesterday at an evening event in New York City. Immediately following the announcement, all four major U.S. carriers, as well as Leap Wireless and U.S. Cellular...
Sprint’s offer to buy Clearwire for $2.97 per share works out to $0.21 per MHz POP for the 2.5 GHz spectrum, placing it above the valuation of near $0.14 per MHz POP, a conclusion reached by a new white paper, commissioned by Sprint, from Dr. Kostas Liopiros of the Sun Fire Group.
In a new report, former FCC commissioner Dr. Harold Furchtgott-Roth and the Analysis Group claims that Sprint’s proposed $2.97 per share offer to take control of Clearwire vastly undervalues the WiMax provider’s spectrum holdings. The report states that at the current offer represents $0.11 per MHz POP when it should be valuing at $0.31-$0.50 per MHz POP.
Verizon Wireless and AT&T are battling it out in the LTE wars, with both carriers receiving impressive scores in RootMetrics' latest 77-market study. According to the study, which is offered in a consumer-friendly format, AT&T’s LTE network...
In smartphone vernacular, rugged is another word for ugly. Let’s not even get started on what ultra-rugged means. The new LTE Kyocera Torque certainly is built tough but it would be cruel to call it ugly. True it’s easily mistaken for a stud finder but it has a Dewalt-esque useful look to it that makes it endearing. Utilitarian is a better word for it.
Sprint could dramatically improve its spectrum position if its bid to acquire the rest of Clearwire goes through. But while that plays out, the nation’s third largest carrier has been busy bolstering its airwaves by decommissioning its push-to-talk iDEN network in the 800 MHz frequency and preparing it for a new life broadcasting voice and LTE.
Clearwire has elected to accept the $80 million draw from Sprint for March, while continuing to discuss acquisition offers from both Sprint and Dish. Dish has said that it will withdraw its offer of $3.30 per share to buy the remaining 50 percent of Clearwire if the WiMAX provider drew any of the funding offered by Sprint.
Companies looking to embed wireless modules in everything AND the kitchen sink are prevalent at events like Mobile World Congress (MWC), which kicked off yesterday in Barcelona, Spain. Raco Wireless, an end-to-end M2M provider, today announced that...
Boost and Virgin Mobile are making the jump in speed up to LTE. Both operate on Sprint’s LTE network. The postpaid providers have each announced the first phones that will run on their new faster offering, with Samsung’s Galaxy Victory coming to Virgin and the HTC One SV coming to Boost.
Jumio launched an SDK for Netverify for iOS and Android, which enables any mobile app to authenticate users within moments, using a smart phone camera. SideCar (a ride sharing service), is using it to verify user's identity. It can verify various forms of ID from over 60 countries), with a scan of the camera, rather than having a potential customer return paperwork via fax or e-mail.