Sprint Nextel reported this morning that its shareholders have approved its pending $21.6 billion acquisition by Softbank, with the deal now set to be finalized early next month. Sprint Nextel noted that voters representing approximately 80% of the carrier’s outstanding …
clearwire
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We are getting very close to the end of the quarter in the telecommunications industry. This quarter has been marked by many significant events, including:
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Clearwire appeared to move step closer in its pending acquisition by Sprint Nextel, with Institutional Shareholder Services throwing its support behind Sprint Nextel’s recently revised offer to acquire the remaining stake in Clearwire for $5 per share. “Given the cash …
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“You got to know when to hold ’em, know when to fold ’em, Know when to walk away and know when to run. You never count your money when you’re sittin’ at the table. There’ll be time enough for countin’ …
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Bolstered by a 47% bump in the offer price, Clearwire’s “special committee” has switched alliances in throwing its support behind Sprint Nextel’s newly updated offer to acquire the remaining stake in Clearwire for $5 per share. That new offer supersedes …
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Carrier Wrap: T-Mobile US ahead on MetroPCS merge; Bluegrass rolls out microwave
by Dan Meyerby Dan MeyerEditor’s Note: Wireless operators are a busy bunch, and as such RCR Wireless News will attempt to gather some of the important announcements that may slip through the cracks from the world’s largest carriers in a weekly wrap-up. Enjoy! The …
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Dish Network looks to have bowed out of the Sprint Nextel sweepstake, announcing late yesterday that it would not put in a new offer to acquire the nation’s No. 3 mobile operator. The satellite-television provider that also has control over …
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Sprint Nextel files lawsuit to block Dish attempt to acquire stake in Clearwire
by Dan Meyerby Dan MeyerSprint Nextel has found a new manner in which to deter Dish Network from attempting to acquire a stake in Clearwire, filing a lawsuit in the Delaware Court of Chancery claiming the proposed deal violates state law and the rights …
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To the surprise of few and the delight of many, Clearwire’s “special committee” nearly depleted the world’s exasperation supply this week by throwing its support behind Dish Network’s attempt to
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Clearwire special committee votes in favor of Dish bid, postpones shareholder vote
by Dan Meyerby Dan MeyerClearwire’s board of directors endorsed Dish Network’s bid to acquire a stake in the company, thumbing its nose at current majority stake holder Sprint Nextel, which is also trying to acquire full control of the beleaguered mobile broadband provider. A …
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Softbank increases Sprint Nextel bid; shareholder vote postponed until June 25
by Dan Meyerby Dan MeyerLooking to head off any shareholder doubts, Softbank late yesterday increased its offer to acquire Sprint Nextel in a move that was expected by many and subsequently pushed back the vote on the proposal. Softbank’s updated offer increases the total …
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Reader Forum: Team Telecom, the Softbank/Sprint deal and the impact on CALEA obligations
by Dan Meyerby Dan MeyerBite into a ham sandwich someday soon, and the pork is likely to have originated from Chinese-owned Smithfield. Similarly, if you’re a Sprint Nextel customer, there’s a strong possibility
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Report: Softbank sees T-Mobile US as an alternative; Sprint Nextel remains on track
by Dan Meyerby Dan MeyerSprint Nextel’s future continues to maintain an air of uncertainty despite its best efforts to stay on course. The latest bump in the road comes from a Reuters report that suggests possible suitor Softbank has lined up an alternative path …
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Dish Network reacted quickly to claims by Sprint Nextel that its pending offer to acquire a stake in Clearwire violates certain laws and shareholder rights. In a letter to Clearwire Chairman John Stanton, Dish Chairman Charlie Ergen lays out counter-claims …
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FreedomPop continues to make waves through its “free” service offerings, this week pushing its boldest offer yet. The company said it will offer “completely free” mobile services, including voice, messaging and data services. That’s a tough price to beat. The …
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Looking to regain the upper hand in negotiations, Sprint Nextel today sent a letter to Clearwire’s board of directors noting that Dish Network’s recent bid to acquire Clearwire was “not actionable,” citing “certain provisions violate Delaware law, Clearwire’s certificate of …
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Having attempted to steer clear of the Softbank/Sprint Nextel/Dish/Clearwire soap opera for at least a week, I find myself back in the stands at this ongoing circus trying to again
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Clearwire’s future remains on hold for at least a couple more weeks as the financially beleaguered carrier late last night postponed its planned shareholder vote scheduled for today on a proposed acquisition by Sprint Nextel. The vote was delayed until …
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Dish Network has again wedged itself in the middle of a pending acquisition attempt, announcing late yesterday an offer of $4.40 per share to acquire a minimum of a 25% stake in Clearwire, which is set to vote on a …
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Softbank, Sprint Nextel garner security approval; Clearwire goes on offensive
by Dan Meyerby Dan MeyerThe ongoing three-way merger dance between Softbank, Sprint Nextel and Clearwire continues to entertain as one part of the tango garnered an important government stamp of approval, while the other continued to urge for shareholder approval. Sprint Nextel reported today …
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The battle of Sprint Nextel’s future continues unabated between initial suitor Softbank and late-comer Dish Network, with both again pushing their offers as superior, while taking swipes at their rival. Softbank this week again bolstered its online support for the …
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Clearwire’s management, which had previously thrown its support behind Sprint Nextel’s attempt to acquire the remaining stake in its operations for $2.97 per share, was unsurprisingly just as enthused with the increased offer of $3.40 per share. “The special committee …
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To the surprise of few, Sprint Nextel upped its offer to acquire the remaining stake in Clearwire just hours before Clearwire investors were to vote on the originally proposed $2.2 billion deal. The move pushed Clearwire to postpone that vote …
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There is nothing like desperation to make someone sweat. And there is nothing like the smell of sweat to tell when someone is desperate. Some may call it sweet, but I prefer to refer
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Is Clearwire getting nervous about the pending shareholder vote on its potential acquisition by Sprint Nextel? Clearwire today sent out a “reminder” letter to shareholders to vote with the “white proxy card” that signifies a vote in favor of Sprint …