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Jul 10, 2013

SoftBank priority is beefing up Sprint, not exec changes

NEW YORK (Reuters) – SoftBank Corp (9984.T: Quote, Profile, Research, Stock Buzz) will move rapidly to use airwaves from Clearwire Corp CLWR.O to bolster Sprint Nextel Corp’s (S.N: Quote, Profile, Research, Stock Buzz) wireless service, but it does not plan any big personnel changes once it takes over the No. 3 U.S. mobile carrier, a top SoftBank executive told Reuters.

Apart from pushing ahead with plans to boost the speed of the Sprint network, which lags Verizon Wireless (VZ.N: Quote, Profile, Research, Stock Buzz)(VOD.L: Quote, Profile, Research, Stock Buzz) and AT&T Inc (T.N: Quote, Profile, Research, Stock Buzz), the immediate priority will be expanding wireless capacity with the airwaves Sprint took over in its July 9 buyout of Clearwire.

Jun 28, 2013
Jun 28, 2013

FCC not seeking divestitures in Sprint/Clearwire/SoftBank deal

WASHINGTON/NEW YORK (Reuters) – U.S. regulators do not plan to ask Sprint Nextel Corp (S.N: Quote, Profile, Research, Stock Buzz) or Clearwire Corp (CLWR.O: Quote, Profile, Research, Stock Buzz) to sell any spectrum as they near a vote on Sprint’s proposed buyout of Clearwire, two sources familiar with the matter said on Thursday.

The Federal Communications Commission is examining Sprint’s proposed buyout of the shares it does not already own in Clearwire in the same review process as the $21.6 billion bid from Japan’s SoftBank Corp (9984.T: Quote, Profile, Research, Stock Buzz) to buy 78 percent of Sprint.

Jun 27, 2013
Jun 26, 2013

Dish bows out of battle with Sprint over Clearwire

By Liana B. Baker and Sinead Carew

(Reuters) – Dish Network Corp has bowed out of the battle for mobile service provider Clearwire Corp, marking the second major blow in less than a week against Dish chairman and founder Charlie Ergen and his plan to expand into wireless.

The decision, announced on Wednesday, officially put an end to a bidding war between Dish and Clearwire’s majority owner Sprint Nextel Corp, and raised questions about what options Ergen has left in as he tries to expand beyond satellite TV services into the U.S. wireless market.

Jun 26, 2013

Dish bows out of Clearwire battle with Sprint

By Liana B. Baker and Sinead Carew

(Reuters) – Dish Network Corp (DISH.O: Quote, Profile, Research, Stock Buzz) said on Wednesday it was giving up on its quest to buy Clearwire Corp (CLWR.O: Quote, Profile, Research, Stock Buzz), putting an end to a bidding war with Sprint Nextel Corp (S.N: Quote, Profile, Research, Stock Buzz), which raised its offer for the wireless company last week.

Last Thursday, Sprint revised its buyout offer for Clearwire to $5 per share and announced support from a key group of dissident shareholders. Clearwire shareholders will vote on the Sprint bid on July 8.

Jun 20, 2013

Sprint raises Clearwire bid, wins key investor support

NEW YORK, June 20 (Reuters) – Sprint Nextel Corp
raised its buyout offer for Clearwire Corp to $5 per
share on Thursday and announced support from a key group of
dissident shareholders, trumping rival suitor Dish Network Corp
.

Sprint, already Clearwire’s majority shareholder, also had
Clearwire agree to changes in its governance rules, which could
make it much harder for a rival bidder to buy the firm.

Jun 19, 2013

Analysis: Sprint should raise Clearwire bid to avoid Dish tension

NEW YORK (Reuters) – Sprint Nextel Corp should consider raising its offer price for Clearwire Corp or risk being saddled with a contentious relationship with Dish Network Corp, controlled by feisty billionaire Charlie Ergen.

Shareholders of Clearwire, already majority owned by Sprint, will vote on June 24 on Sprint’s $3.40-a-share offer to buy the rest of the company. But Clearwire’s board has recommended shareholders instead accept a higher, $4.40-a-share tender offer from Dish.

Jun 19, 2013

Sprint should raise Clearwire bid to avoid Dish tension

NEW YORK, June 19 (Reuters) – Sprint Nextel Corp (S.N: Quote, Profile, Research)
should consider raising its offer price for Clearwire Corp
(CLWR.O: Quote, Profile, Research) or risk being saddled with a contentious relationship
with Dish Network Corp (DISH.O: Quote, Profile, Research), controlled by feisty
billionaire Charlie Ergen.

Shareholders of Clearwire, already majority owned by Sprint,
will vote on June 24 on Sprint’s $3.40-a-share offer to buy the
rest of the company. But Clearwire’s board has recommended
shareholders instead accept a higher, $4.40-a-share tender offer
from Dish.

Jun 19, 2013

Softbank closer to acquiring Sprint after Dish abandons bid for now

TOKYO/NEW YORK, June 19 (Reuters) – Japan’s SoftBank Corp
cleared a major hurdle in its attempt to buy U.S.
wireless provider Sprint Nextel Corp, as rival bidder Dish
Network Corp declined to make a new offer after
SoftBank sweetened its own bid last week.

SoftBank Chief Executive Masayoshi Son is now a step closer
to sealing the largest overseas acquisition by a Japanese
company in history, after winning support from a key shareholder
by raising SoftBank’s offer to $21.6 billion from $20.1 billion
last week.

    • About Sinead

      "Sinead is a telecommunications industry correspondent. Her coverage area spans U.S. service providers, cellphone makers and chip makers. Before joining Reuters in 2002, she covered technology and telecoms for various trade publications."
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