The tie up between Softbank, Sprint Nextel and Clearwire inched closer to fruition as late last week the federal government signed off on the deal, while today witnessed financial aspects of the transactions taken care of. Softbank said it expects the deals to be...
Softbank is reportedly close to gaining U.S. government approval for its pending $21.6 billion purchase of a 78% stake in Sprint Nextel, which both companies have said they expect to close by mid-month.
Bloomberg is reporting that the deal has gained approval by two of...
South Korea’s SK Telecom has laid claim to launching the world’s first LTE-Advanced network, offering customers network speeds twice as fast as its current LTE network, which was launched in 2011.
The carrier said the newly launched network provides theoretical downlink speeds up to 150...
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 shares voted in favor of...
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:
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 consideration being offered by Sprint...
"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' when the dealin's done."
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 Sprint Nextel’s previous offer...
Editor’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 merger and acquisition drama playing...
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 30 megahertz of wireless...
Sprint 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 of Clearwire stakeholders.
Sprint Nextel...
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
Clearwire’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 special committee set up...
Looking 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 price of its planned acquisition...
Bite 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
Sprint 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 in case its planned...
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 to a letter sent...
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 offer provides for unlimited calling...
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 incorporation or the rights...
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
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 June 13 following a...
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 pending offer of $3.40...
The 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 that the Committee on Foreign...
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 deal, with a new website...
