Dish Network struck a strategic deal with regional operator nTelos Wireless to co-develop a fixed-mobile broadband service within nTelos' coverage territory. The agreement represents just the latest prong in Dish's wide-ranging wireless ambitions.
If Japan's SoftBank wins control of Sprint Nextel, it has pledged to remove network gear from Huawei that Clearwire uses in its network, a step that, according to a Wall Street Journal article, could cost up to $1 billion. The report, citing unnamed sources familiar with the matter, said the U.S. government wants Sprint to remove Chinese gear from Clearwire's network.
Sprint Nextel boosted its offer price to acquire the approximately 50 percent of Clearwire it does not already own from $2.97 per share to $3.40, caving to the demands of minority Clearwire shareholders and blocking Dish Network's unsolicited $3.30 per share offer for Clearwire.
Dish Network's Charlie Ergen made a $2 billion bid for bankrupt wireless provider LightSquared, according to multiple reports, a move that could pit Ergen against fellow billionaire and LightSquared financier Philip Falcone.
Dish Network has lined up the financing it needs to make its $25.5 billion bid for Sprint Nextel, according to multiple reports, which could ratchet up pressure on both Sprint and SoftBank, which is seeking to acquire 70 parent of Sprint for $20.1 billion.
Two leading shareholder advisory firms offered contrasting views on whether Clearwire shareholders should approve Sprint Nextel's $2.97 per share offer, worth around $2.2 billion, to take control of the rest of Clearwire it does not already own. Shareholders are set to vote on the deal May 21.
Dish Network Chairman Charlie Ergen said that the company has multiple backup options for its wireless plans if its $25.5 billion bid for Sprint Nextel does not succeed against SoftBank's $20.1 billion proposal to buy 70 percent of Sprint.
SoftBank CEO Masayoshi Son said his company's experience deploying TD-LTE in Japan will give it a clear advantage over Dish Network, which is competing with SoftBank to take control of Sprint Nextel. Sprint expects to integrate TD-LTE into its network via its pending acquisition of Clearwire, which is building a TD-LTE network.
Dish Network continued to hammer back against SoftBank, claiming that its unsolicited $25.5 billion offer for Sprint Nextel is clearly superior to the Japanese operator's $20.1 billion offer for 70 percent of Sprint.
Clearwire, facing down angry minority shareholders, urged them approve Sprint Nextel's $2.97 per share offer to take control of the rest of Clearwire it does not already own. Shareholders are set to vote on the deal May 21.