Google has filed a request with the Federal Communications Commission seeking permission to run an experimental wireless network around its Mountain View, Calif., headquarters. The request mentions the 2524GHz to 2625GHz spectrum band, which is currently owned by Clearwire Corporation and is incompatible with the bulk of existing phones and tablets. Much of Google’s request is […]
A handful of Clearwire investors plan to reject Sprint’s $2.97-per-share offer for the company, reports Bloomberg. Glenview Capital Management and Tazzan Asset Management, which combined own about 31 million shares of Clearwire, believe the company is worth more than what Sprint has offered, especially in the light of Dish Network’s $3.30-per-share bid. Sprint, which is […]
Dish Networks today filed a request with the Federal Communications Commission asking it to pause its review (PDF) of Softbank’s proposed equity acquisition of Sprint. Dish wants issues concerning its competitive bid for Clearwire to be resolved first. Last year, Softbank, Japan’s second-largest wireless network operator, proposed to purchase a 70% stake in Sprint for […]
Crest Financial, an investment firm that owns about 8% of Clearwire, plans to ask the Federal Communications Commission to prevent Sprint from acquiring the remainder of the troubled mobile broadband company. Sprint owns just over 50% and is looking to acquire the remaining 49%. At issue is the price offered by Sprint for Clearwire. Sprint […]
Sprint today disclosed that it has agreed to pay Clearwire $120 million if its proposed $2.2 billion take-over of the company falls through. The deal is dependent on Sprint’s 70% stake sale to Softbank. The deal also still needs to be approved by Clearwire’s minority shareholders and government regulators. Clearwire can terminate the agreement and […]
Sprint today announced that it would be taking full ownership of wireless broadband wholesaler Clearwire. The final price for the deal came in at $2.2 billion, just above earlier estimates that had Sprint paying $2.1 billion. That price represents a 128 percent premium to Clearwire’s closing share price from October 10, the day before Sprint […]
Softbank has set a cap on how much Sprint can offer Clearwire in its take-over bid, reports Reuters. Citing people familiar with the situation, Reuters says Softbank won’t let Sprint bid more than $2.97 per share for Clearwire. Sprint’s initial offer was $2.90 per share, with the deal valued at $2.1 billion. This leaves Sprint […]
Clearwire indicated that it has significantly cut down plans to deploy TDD-LTE cell sites during 2013. The company originally intended to activate about 5,000 TDD-LTE sites around the country by the middle of 2013. Clearwire has reduced that number by 60%, down to just 2,000 sites. “We want to make sure our LTE network is […]
Realmac Software has updated its popular to-do iPhone app Clear to version 1.1, adding in several user-requested features such as a better UI for alerts and a “shake to undo” feature. The update also adds support for new themes, some of which are hidden or must be “unlocked” through usage, and the app has now […]
Leap Wireless today announced that it has signed a wholesale agreement with Clearwire so it can access Clearwire’s forthcoming LTE 4G network. The deal, which will initially last five years, will provide Leap’s Cricket prepaid wireless service with the ability to offload extra capacity to help supplement its own LTE network. Cricket plans to deploy […]
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