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...
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 of the board of directors...
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 until May 31.
The new...
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
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 Nextel’s $2.2 billion acquisition. The...
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 Nextel.
“The net proceeds of...
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 current Clearwire Executive Chairman John...
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.
Softbank 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 the proposed value of...
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
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 vote is scheduled for...
Who knew billionaires were so petty, sensitive and funny? And, more importantly, how awesome is it that billionaires are so petty, sensitive and funny?
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.
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 leaving by the middle...
The 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, which is controlled by...
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 that the waiver “will permit...
The 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 iDEN operations and losses through...
Further 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 filing late last week, the...
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% of Sprint Nextel for...
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 has still not decided...
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 include China Mobile, Clearwire,...
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 9,000 retail subscribers offset by...
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.
