Crest Financial, the largest minority shareholder in Clearwire, made good on its promise to wage a proxy battle in an effort to block Sprint Nextel's $2.97-per-share offer to buy the 50 percent of Clearwire that Sprint does not already own.
Who would have thought that Softbank entrepreneur-turned-billionaire Masayoshi Son would go the extra mile to buy a 70 percent stake in Sprint Nextel to enter the U.S. market and create the third largest mobile phone services provider in the world? Likely only a select few telecom veterans.
Sprint Nextel's Virgin Mobile USA prepaid brand is offering T-Mobile USA customers $100 to switch over to Virgin's no-contract service. The action is a response to T-Mobile's new no-contract business strategy.
Sprint may be known primarily for its wireless services, but the provider's efforts to grow its domestic and global footprint drove up its profile from niche player to challenger on Gartner's latest Magic Quadrant for Global Network Service Providers.
The FCC said it will hold a workshop on May 3 to discuss the technical details of the proposed spectrum band plan that will result from its planned incentive auctions of 600 MHz broadcast TV spectrum, which are scheduled to start next year.
Crest Financial, a minority shareholder in Clearwire, proposed that Clearwire's board accept its offer of $240 million in financing as opposed to continue taking $80 million monthly payments from Sprint Nextel, which is part of Sprint's $2.97-per-share offer to buy the 50 percent of Clearwire that it does not already own.
U.S. wireless operators will be flocking to New Orleans in a couple of weeks to attend the annual Competitive Carriers Expo, which takes place April 17-19 at the New Orleans Marriott. I expect such hot-button topics as incentive auctions, data roaming and IP transition will likely be debated at the conference.
Verizon Communications CEO Lowell McAdam said Verizon Wireless could easily drop wireless contracts in the wake of T-Mobile USA's decision to do so--if consumers start asking for it. His comments reiterate what other top industry executives have said: That they will be watching to see how the market reacts to T-Mobile's new model and will respond accordingly.
During the past several weeks, publicly traded U.S. companies in the wireless industry revealed how much they pay their CEOs. These numbers, from 2012, include several changes from last year's list. For example, in 2012 operators dominate the list, not vendors. Special Report
Four leading U.S. mobile operators will use ExteNet Systems' new distributed antenna system (DAS) in the massive Barclays Center sports and entertainment venue.