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.
Telecom Italia gave itself a month to decide on whether to move ahead with a possible tie-up with Hutchison Whampoa's 3 Italia, and also said it will make a decision on whether or not to spin off its fixed-line network on May 23.
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.
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.
Telecom Italia continues to be dogged by speculation about what it plans to do with its fixed network, although the operator has dismissed talk of a possible listing of the network as "premature," according to Reuters . In a separate development, rumours suggest Naguib Sawiris has expressed interest in re-entering the Italian telecoms market, five months after the failure of his bid for Telecom Italia.
Vivendi and Iliad founder Xavier Neal have reportedly waded into the Dailymotion saga by each offering to buy the video-sharing company from France Telecom .
Dish Network Chairman Charlie Ergen hit back against SoftBank CEO Masayoshi Son, and asserted that Dish's $25.5 billion bid to take control of Sprint Nextel would be better for the United States.
T-Mobile USA and MetroPCS officially closed their merger transaction and are now one publicly traded company. T-Mobile started trading today on the New York Stock Exchange under the ticker symbol "TMUS."
Greek operator OTE said it will sell its Globul unit in Bulgaria to Norway's Telenor, and will use the proceeds to reduce debt and strengthen its competitive standing in recession-hit Greece.