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.
Satellite service provider Dish Network has slammed the FCC's plan to let it use some of its spectrum for LTE, saying the proposal is so restrictive it could delay a network buildout for years.
It already sells phones and tablets, provides a wealth of online services and has been laying high-speed fiber to people's homes. Now Google is apparently considering a wireless network service as well.
Most Popular Reviews
- 1 Motorola Moto X (2nd Gen) review: Raising the bar
- 2 Xiaomi Mi4 review: Xiaomi's best yet
- 3 Samsung Galaxy Note Edge review: Lightly flawed, Undeniably special
- 4 Sony Xperia Z3 review: The no-frills flagship
- 5 Samsung's Galaxy Alpha review: A peek into the Galaxy S6
Best Deals on GoodGearGuide
Latest News Articles
- Google Now adds data from Lyft, Airbnb and many more apps
- Outlook app for Android and iOS boosts Microsoft's mobile comeback
- MIT randomizes tasks to speed massive multicore processors
- NEC aims at Big Data 'sweet spot' with new SAP Hana tool
- Uber will fight to keep its Boston ride data private
GGG Evaluation Team
First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.