SoftBank has sweetened its bid for Sprint Nextel, increasing its total offer to about US$21.6 billion and boosting the amount of cash Sprint shareholders would get.
The tug-of-war over Clearwire looks set to continue for at least another two weeks as the struggling mobile operator postponed a special shareholder meeting once again to consider Dish Network's latest bid.
Dish Network has boosted its bid for Clearwire to US$4.40 per share, 29 percent above Sprint Nextel's most recent offer, and said it is prepared to buy up the stock of a minority of shareholders.
The U.S. government is in negotiations with SoftBank for greater control over equipment purchases by Sprint Nextel and the selection of one of the Japanese company's nominee to the U.S. carrier's board, according to a news report.
Sprint Nextel has increased its offer to buy out Clearwire, bidding US$3.40 per share, to counter a competing offer by Dish Network.
Sprint Nextel said it had received permission from SoftBank to negotiate a rival acquisition offer from Dish Network.
Sprint Nextel's network partner Clearwire hasn't been able to find any other big wholesale customers nor sell any of its spectrum, so selling out to Sprint is the only real option for its shareholders, the company said Monday.
Dish Network chairman Charlie Ergen said Wednesday that his is an American company, and the modernization of Sprint Nextel's network will have to be done from the U.S. with operations control in the country, and English speaking staff.
Softbank's CEO, in a battle with Dish Network to acquire U.S. mobile operator Sprint Nextel, slammed a US$25.5 billion offer made by Dish, saying it is based on "imaginary" numbers and would create a company with "insane" amounts of debt.
Intel has backed SoftBank's bid for Sprint Nextel, citing that the deal would bring needed competition in the wireless space in the U.S.
Verizon Wireless reportedly has offered US$1 billion to $1.5 billion for some of Clearwire's spectrum leases, possibly complicating Sprint Nextel's attempt to buy out the company in conjunction with its acquisition by Softbank.
Dish Network has made a US$25.5 billion bid to acquire wireless operator Sprint Nextel, hoping to edge out a rival bid from Japanese operator SoftBank.
Dish Network has offered to buy Clearwire for US$3.30 per share, throwing a wrench in Sprint Nextel's deal to buy its mobile broadband partner for $2.97 per share.
The FCC will allow cellular services on a large block of satellite spectrum held by Dish Network and auction off another set of frequencies to raise money for an LTE public safety network around the U.S.
The U.S. Federal Communications Commission has voted to move forward on plans to have the U.S. military share wireless spectrum in the 3.5GHz band with commercial users.
Most Popular Reviews
- 1 2016 Ford Mustang EcoBoost review
- 2 Review: TCL C1 series 4K TV
- 3 Sony 75-inch UHD TV (X9400C) review: Sony and Android are a winning duo
- 4 LG 55EG960T OLED UHD TV
- 5 Panasonic Viera UHD TV review: good hardware, fragmented software
Join the Good Gear Guide newsletter!
Best Deals on Good Gear Guide
Latest News Articles
- Microsoft's pricey Surface Book is getting stomped by the ancient Surface Pro 3
- Android TV's universal search feature finally works with Netflix
- Facebook takes on critics with political bias class
- Kodi dives into hardware with a Raspberry Pi 3 case perfect for low-cost HTPCs
- What iOS 10 can tell us about the new iPhone
GGG Evaluation Team
First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.
For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.
The Fujitsu LifeBook UH574 allowed for great mobility without being obnoxiously heavy or clunky. Its twelve hours of battery life did not disappoint.
The screen was particularly good. It is bright and visible from most angles, however heat is an issue, particularly around the Windows button on the front, and on the back where the battery housing is located.
My first impression after unboxing the Q702 is that it is a nice looking unit. Styling is somewhat minimalist but very effective. The tablet part, once detached, has a nice weight, and no buttons or switches are located in awkward or intrusive positions.
- FTLead Tableau Reporting ConsultantNSW
- CCSecurity Solution ArchitectQLD
- CCBiztalk developerNSW
- CCTechnical Writer | Experimental military technology | NV1ACT
- CCCobol ProgrammerACT
- FTBusiness Analyst - Oracle Financials (Procure To Pay)NSW
- CCContract Programmer (IT Security/Website Admin) 160617/P/564Asia
- CCLead Solution Analyst - BMC Remedy softwareVIC
- CCContract Analyst Programmer (Java/Oracle) 160603/AP/vmpAsia
- CCSAP Financial Master DataACT
- CCBusiness Analyst, LifeNSW
- CCETL Developer - Tableau FocusNSW
- FTAppian Developer/ArchitectVIC
- CCProgram Test ManagerNSW
- CCSnr IT Project Manager - Contact CentreVIC
- FTTechnical/Solutions ArchitectNSW
- CCAEM Backend DeveloperVIC
- FTTechnical Lead - Tier 1 Customer interfaceACT
- FTSoftware Services Team LeaderNSW
- FTBusiness Analyst/Data Analyst Capability ManagerVIC
- CCSenior Solutions Architect - Marketing and Distribution systemsNSW
- CCLevel 1 & 2 Helpdesk (Need SAP, ERP system experience)NSW
- CCProject Manager | Experimental military technology | NV1ACT
- CCAgile Business AnalystNSW
- CCIT Technical Writer- understanding in RDMBS,Web server, StorageNSW