DISH Network CEO Charlie Ergen has made it clear that his company badly wants to break into the wireless industry and use up its stockpile of spectrum, but the satellite TV provider won't seek Sprint as its entry point to becoming a cellular provider.
Sprint has filed a lawsuit against DISH Network and Clearwire, seeking to prevent Clearwire from accepting an offer from DISH that would change the management structure of the company and end Sprint's hope of acquiring the struggling carrier.
While Sprint has been making headlines for its love rectangle with Clearwire, Dish, and SoftBank, the carrier is finally making news for something positive by announcing a new round of LTE expansion in various parts of the U.S.
SoftBank downplayed the need to increase its bid to acquire a 70 percent stake in Sprint for $20.1 billion, but as Sprint prepared to hold a vote on the proposal, SoftBank decided to sweeten the deal by raising its offer by several hundred million. In response, Sprint has ended talks with DISH.
Though Clearwire is considering a recent DISH acquisition proposal, majority stockholder Sprint has sent Clear's board of directors a letter stating that DISH's proposal is not worth consideration because it cannot be accepted without Sprint's approval.
Clearwire stockholders will vote tomorrow on whether to accept Sprint's offer to purchase the company for $3.40 per share, but rival suitor DISH Network has threatened support for that deal with a higher bid issued yesterday.
SoftBank's attempt to purchase a controlling share of Sprint Nextel poses no threat to national security, according to the findings of an investigation by the Committee on Foreign Investment in the United States (CFIUS). That removes yet another hurdle to the deal.
Satellite TV provider Dish desperately wants to get into the wireless industry by acquiring Sprint, but comments by its CEO and a new nationalistic smear campaign are embarrassing those efforts. Is this the Sprint of the future?
Sprint today announced that it has purchased Handmark and its subsidiary OneLouder, the company that manages Twitter client Tweetcaster and Reddit app BaconReader. Sprint purchased the companies as a way to improve its advertising and publishing business. Both Handmark and OneLouder will continue to operate under their existing brands and retain its staff, so the company will keep building and maintaining its mobile apps for Android and Apple iOS.
Despite vocal opposition from large shareholders, Clearwire's board of directors has issued a public statement urging stockholders to vote in favor of Sprint's proposal to acquire the company. A Sprint acquisition is the only course of action that makes sense, according to the board.