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 …
Softbank
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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 …
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Dish Network appears undaunted in its bid to out-bid Softbank for a stake in Sprint Nextel, announcing today plans to offer $2.5 billion in senior notes to help fund its $25.5 billion offer to acquire a 68% stake in Sprint …
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Clearwire’s management continues to show its preference for an acquisition by Sprint Nextel, sending a letter this morning to investors urging them to approve the pending $2.2 billion deal and laying out reasons for its decision. The letter, authored by …
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I know there is more going on in the wireless space than this battle of billionaires over Sprint Nextel, but I can’t for the life of me get enough of it.
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Softbank-sponsored report touts superiority of its Sprint Nextel offer; duelling websites set up
by Dan Meyerby Dan MeyerSoftbank continued its push to convince Sprint Nextel shareholders that its proposed $20.1 billion acquisition of a 70% stake in the carrier is superior than a competing offer from Dish Network, with the latest salvo involving a sponsored report undercutting …
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President Obama’s visit to Myanmar a few months ago was considered as a major sign of U.S. interest in this part of the world. For the telecommunication industry, this is certainly the
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Clearwire looks to have officially endorsed its pending acquisition by Sprint Nextel, with a “special committee” set up by the carrier sending a letter out this morning to investors recommending they vote in favor of the $2.2 billion deal. The …
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Who knew billionaires were so petty, sensitive and funny? And, more importantly, how awesome is it that billionaires are so petty, sensitive and funny?
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The past week was again littered with quarterly financial releases, merger and acquisition intrigue and regulatory uncertainty, or basically just another week for the wireless industry.
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President Obama followed through on expectations today in nominating wireless industry veteran and former lobbyist Tom Wheeler as chairman of the Federal Communications Commission. Wheeler would be replacing current FCC Chairman Julius Genachowski, who announced today that he will be …
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Softbank touts superiority of its Sprint Nextel offer; jabs at Dish ownership
by Dan Meyerby Dan MeyerThe fight for Sprint Nextel’s hand looks to have just gone personal as Japan’s Softbank returned fire in its attempt to purchase a controlling stake in the U.S. industry’s No. 3 operator. That attempt is being challenged by Dish Networks, …
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Sprint Nextel reported today that it has received permission from Softbank to proceed with discussions with Dish Networks regarding Dish’s proposal to acquire Sprint Nextel. Softbank is also in the process of attempting to acquire Sprint Nextel. Sprint Nextel noted …
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Sprint Nextel continues customer struggles, finances improve; future remains focus of investors
by Dan Meyerby Dan MeyerThe first-quarter blues hit hard at Sprint Nextel as the carrier posted sluggish customer growth, though it managed to show improved financial performance. Sprint Nextel said it lost 415,000 customers during the first quarter due to continued defections from its …
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Report: Verizon Wireless puts in bid for Clearwire spectrum, chaos set to ensue
by Dan Meyerby Dan MeyerFurther muddying Clearwire’s future is a report that Verizon Wireless has offered up to $1.5 billion to acquire the rights to some of Clearwire’s 2.5 GHz spectrum licenses. The Wall Street Journal reported this morning that according to a Clearwire …
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Merger-mania continued to spin around the wireless space as this morning Dish Networks put in a $25.5 billion bid to acquire 68% of Sprint Nextel. The deal further spices up current scenarios that have Japan’s Softbank attempting to acquire $70% …
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Clearwire’s future continued on its un-clear path as the wireless broadband company announced plans to dip into an $80 million “draw” provided by Sprint Nextel as part of its ongoing attempt to acquire Clearwire, though Clearwire’s management reiterated that it …
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Attempts to further global roaming abilities of the TD-LTE standard reportedly are progressing as the Global TD-LTE Initiative claimed that new testing had begun between operators in China, Hong Kong, the United States, Japan, Korea and India. The carriers involved …
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Clearwire continued to bleed customers during the final three months of 2012 as uncertainty regarding the carrier’s future plans seem to be impacting ongoing operations. During the fourth quarter, Clearwire said it lost 906,000 net customers, with a gain of …
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Call this the understatement of the year, and perhaps the decade. You get tired just reading the release, and get the sense that Sprint Nextel is more than busy, they are overwhelmed.
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Clearwire appears to be leaning towards an outright acquisition by current parent company Sprint Nextel, though noted that it was still reviewing options. The update was provided as part of a proxy statement filed by Clearwire with the Securities and …
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Softbank’s planned $20.1 billion purchase of a controlling interest in Sprint Nextel hit another potential snag this week as the Department of Justice sent a letter to the Federal Communications Commission asking that review of the deal be deferred in …
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Domestic telecom staple AT&T is reportedly looking to inject some international flavor through a potential acquisition of an European-based operator. The Wall Street Journal is reporting that AT&T is looking at picking up a “counterpart in Europe” as a way …