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.
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 Exchange Commission.
“Clearwire today announced...
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 order for “any national...
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 to expand opportunities into new...
Sprint Nextel’s attempt to acquire the remaining stake in Clearwire that it does not already control seems to have hit a snag as Dish Networks has thrown its hat into the bidding ring with an unsolicited offer that is an 11% premium over the...
In 2012, LTE finally went main stream. Sure, there had been plenty of talk around this popular “4G” network type before, but this past year was all about deployment, deployment, deployment.
Few wireless companies over the past five years have provided more fodder for news than Sprint Nextel, a time frame that is also the length in which its current leader, Dan Hesse, has been at the helm. Over those 1,800-plus days, Sprint Nextel has...
Well, that didn’t take long.
Having a weekend to sleep on it, Clearwire today announced it would accept Sprint Nextel’s offer to acquire the remaining 50% of the company it does not currently control for $2.97 per share, or approximately $2.2 billion. The final price...
The sluggish recovery and the threat of the fiscal cliff make the capital markets uncertain territory, but the wireless industry has fared better than most in 2012. Venture capitalists have been ready to fund infrastructure plays as well as mobile apps, and the carriers...
After much speculation, Sprint Nextel officially put in a bid to acquire the remaining minority interest in Clearwire that it does not already own. The offer, priced at $2.90 per share, is valued at a total of $2.1 billion.
Analysts for the most part seemed...
Sprint Nextel and potential majority owner Softbank took the next step in consummating their proposed merger with the filing of license transfers with the Federal Communications Commission. The filing is a necessary step in Softbank’s proposed $20 billion acquisition of a 70% stake in...
Is anything ever easy for Clearwire? Late last week, everyone’s favorite WiMAX provider reported yet another quarter of “things will be better tomorrow … if …” results that have become all too common for Clearwire.
Few companies can’t wait for “tomorrow” as much as Clearwire, which released third quarter results late yesterday highlighting the fact that come this time next year things should be better. Those better days will include the planned launch of TD-LTE services using the carrier’s...
Japanese wireless carrier and soon-to-be Sprint Nextel majority owner Softbank, noted late last week that its interest in the U.S. market may not be over. In an interview with The Wall Street Journal, Softbank Chief Executive Masayoshi Son said the company would not rule...
It's official -- Japan's Softbank is buying a controlling interest in Sprint Nextel. The Japanese carrier will spend $20.1 billion to buy 70% of Sprint, paying the company's shareholders $12.1 billion
