Sprint Nextel said SoftBank has given it permission to obtain more information from Dish Network regarding Dish's $25.5 billion bid for Sprint. However, SoftBank's waiver does not let Sprint disclose nonpublic information or negotiate with Dish.
With its fate still uncertain, Clearwire revealed relatively sluggish first-quarter results, which are likely the company's last as an independent entity. The company also said it continues to recommend Sprint Nextel's bid to acquire Clearwire over Verizon Wireless' competing bid to acquire some of Clearwire's spectrum license leases.
Sprint Nextel is squarely focused on driving its Network Vision network modernization project, which includes the rollout of LTE network technology, and is not letting Dish Network and SoftBank's competing bids for the company affect the effort, according to Sprint CFO Joe Eueteneuer.
Sprint Nextel is shifting its focus to the future and its CDMA and LTE networks as it nears the shutdown of its Nextel iDEN network, scheduled for the middle of the year. As it has in the past several quarters, the company reported relatively strong metrics for its "Sprint platform" (CDMA and LTE) while losing subscribers from its legacy Nextel (iDEN) network.
As questions swirl about whether Dish Network or Japan's SoftBank will control Sprint Nextel, Sprint heads into its first-quarter earnings report with the focus on more mundane matters: how many postpaid subscribers it gained or lost, how many Apple iPhones it activated in the period, and how far along it is in deploying its LTE network.
Dish Network asked the FCC to pause its review of Japanese operator SoftBank's proposed acquisition of 70 percent of Sprint Nextel while Sprint's board considers Dish's own counterbid for Sprint. Dish said its offer for Sprint "is better for the American consumer, better for Sprint's shareholders, and better for U.S. national security than the SoftBank proposal."
NEW ORLEANS--Dish Network's $25.5 billion bid for Sprint Nextel has evoked questions and concerns from Sprint partners and fellow industry operators.
Dish Network's $25.5 billion bid for Sprint Nextel has drawn support now from two major Sprint investors who view it as a compelling alternative to Japanese operator SoftBank's plan to take control of 70 percent of Sprint for $20.1 billion.
Almost a decade after Qualcomm's MediaFlo, Crown Castle's Modeo and Aloha Partners' Hiwire first tested the mobile TV game, with less-than-stellar results, a new crop of startups are rolling out essentially the exact same technology with hopes for a very different outcome.
Let's look at how the different constituents--Sprint shareholders, Sprint as the company, Sprint's customers, Sprint's competitors, and the regulator--are affected by Dish's bid for Sprint.