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Dish counters Sprint with higher bid for Clearwire

2013-01-09 13:54:06| InfoWorld: Top News

Dish Network has offered to buy Clearwire for $3.30 per share, throwing a wrench in Sprint Nextel's deal to buy its mobile broadband partner for $2.97 per share. Clearwire disclosed Dish's offer in a press release on Tuesday afternoon, saying it has an obligation to consider the offer.

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Dish makes rival offer for Clearwire

2013-01-09 08:54:00| Telecompaper Headlines

(Telecompaper) US pay-TV provider Dish Network has made an unsolicited bid for wireless carrier Clearwire, beating an offer from Clearwire's majority shareholder Sprint. Dish is offering USD 3.30 per share, versus USD 2.97 from Sprint. The offer, conditional on Dish acquiring just 25 percent of Clearwire's stock, also includes a commercial agreement with Clearwire, acquiring some of Clearwire's spectrum and financing for Clearwire. Dish has been made little secret of its interest in setting up its own mobile network in the US and in recent months has been rumoured to be in talks to acquire a number of smaller operators. It has its own spectrum holdings, but access to Clearwire's extensive frequencies would give it a much greater footprint. Clearwire said it held talks with Dish already, prior to agreeing the Sprint offer, and a special board committee will consider the new offer from the company. The company will hold off on taking any of the new financing promised by Sprint until the Dish offer is evaluated.

Tags: offer makes dish rival

 
 

Dish outbids Sprint for wireless network operator Clearwire

2013-01-09 03:34:52| Wireless - Topix.net

Satellite TV provider Dish Network is offering to buy wireless network operator Clearwire -- which agreed to sell itself to Sprint in December -- for $3.30 per share, or $5.15 billion.

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DISH offers to buy Clearwire for $3.30 per share

2013-01-09 01:04:56| Telecom - Topix.net

Stocks fell on Tuesday, retreating from last week's rally on the "fiscal cliff" deal in Washington, as companies started to report results for the fourth quarter.

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Clearwire receives $5.15bn buyout bid from Dish Network

2013-01-09 01:00:00| Total Telecom industry news

Unsolicited offer tops Sprint bid by 11%.

Tags: network bid receives dish

 

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