Dish’s $25.5 billion Sprint bid may force others to act
By Sinead Carew and Liana B. Baker
(Reuters) – Dish Network Corp, the No. 2 U.S. satellite television provider, on Monday offered to buy wireless service provider Sprint Nextel Corp for $25.5 billion in cash and stock, a move that could inspire other telecommunications or video companies to consider their own prospects of combining.
Dish’s offer could trump a proposal in October by Japanese wireless operator SoftBank Corp to buy 70 percent of Sprint for $20.1 billion.
Dish tries to trump SoftBank with $25.5 bln Sprint offer
April 15 (Reuters) – Dish Network Corp, the No. 2
U.S. satellite television provider, offered to buy Sprint Nextel
Corp for $25.5 billion in cash and stock, a move that
could thwart the proposed acquisition of Sprint by Japan’s
SoftBank Corp.
Dish’s bid is the latest development in a shakeup of the
U.S. wireless business, which is undergoing a wave of
consolidation. Dish was already in the midst of an unsolicited
offer for Clearwire Corp, the wireless company
majority-owned by Sprint.
#Dish Ergen sees two-part Sienfeld episode if @Softbank bids higher for @Sprint w @lianabaker
Ahead of the curve: but bendable screens still seek breakthrough
SINGAPORE/NEW YORK, April 14 (Reuters) – The touted arrival this year of
wearable gadgets such as computer displays strapped to wrists and in wrap-around
glasses is just a step towards a bigger revolution in screens – those that can
be bent, folded and rolled up.
Once freed from today’s relatively heavy, breakable and fixed glass
displays, tomorrow’s devices may look very different, with screens that can be
rolled out, attached to uneven surfaces, or even stretched.
Deutsche Telekom sweetens MetroPCS deal, cuts debt load
NEW YORK/FRANKFURT (Reuters) – Deutsche Telekom (DTEGn.DE: Quote, Profile, Research, Stock Buzz) sweetened its terms on Wednesday for the proposed merger between T-Mobile USA and MetroPCS Communications (PCS.N: Quote, Profile, Research, Stock Buzz) by reducing the combined company’s debt due to pressure from activists and proxy advisory firms.
Shares of MetroPCS rose 2 percent in late trade after Deutsche Telekom, the parent of T-Mobile USA, said it would reduce the debt burden for the combined company by $3.8 billion and lower the interest rate on the debt by 50 basis points.
Hedge fund Aurelius offers Clearwire $80 mln financing
April 9 (Reuters) – Hedge fund Aurelius Capital Management
LP on Tuesday offered $80 million in financing to wireless
service provider Clearwire Corp as an alternative to
convertible financing proposed by majority shareholder Sprint
Nextel, which is trying to buy the rest of Clearwire.
The move by Aurelius, which typically invests in distressed
debt, is the latest twist surrounding Sprint’s controversial
proposal to buy the roughly 49 percent of Clearwire it does not
own. Shareholders have complained about Sprint’s offer.
Google, AT&T target Austin for high-speed Internet
SAN FRANCISCO/NEW YORK, April 9 (Reuters) – Google Inc
said on Tuesday it plans to bring its ultra high-speed
Internet and television service to Austin, Texas, next year,
prompting AT&T Inc to reveal its own plans to follow suit
- if it gets the same terms from local authorities.
AT&T appeared to be making a political point to highlight
the heavy regulations that encumber traditional phone companies,
analysts said.
Proxy firms pile on pressure for better MetroPCS-T-Mobile deal
NEW YORK, March 29 (Reuters) – Proxy advisor Glass Lewis on
Friday became the second firm to suggest that MetroPCS
Communications Inc shareholders vote against a proposed
merger with T-Mobile USA, adding pressure on Deutsche Telekom AG
to sweeten the deal.
The move by No. 2 proxy firm Glass Lewis backs efforts by
two key activist investors to block the deal, the day after
leading proxy firm ISS said shareholders should vote against the
deal with T-Mobile USA, the U.S. business of Deutsche Telekom.
Glass Lewis urges MetroPCS shareholders vote down T-Mobile USA deal
NEW YORK (Reuters) – Proxy advisor Glass Lewis on Friday became the second firm to suggest that MetroPCS Communications Inc shareholders vote against a proposed merger with T-Mobile USA, adding pressure on Deutsche Telekom AG to sweeten the deal.
The move by No. 2 proxy firm Glass Lewis backs efforts by two key activist investors to block the deal, the day after leading proxy firm ISS said shareholders should vote against the deal with T-Mobile USA, the U.S. business of Deutsche Telekom.
ISS may force sweeter MetroPCS/T-Mobile merger
NEW YORK/FRANKFURT (Reuters) – Deutsche Telekom AG will likely be forced to sweeten the terms of its deal with MetroPCS Communications Inc after proxy advisory firm ISS recommended shareholders vote against the proposed transaction, according to analysts.
Shares in MetroPCS rose 3.9 percent in afternoon trade In New York after ISS said late on Wednesday that it was backing the efforts of two big MetroPCS shareholders to block the company’s proposed merger with T-Mobile USA, Deutsche Telekom’s U.S. unit.


