Dish Network makes $5.15B bid for Clearwire

Jan 08, 2013

Wireless network operator Clearwire, which agreed to sell itself to Sprint in December, says satellite TV provider Dish Network Corp. is offering to buy the company for $3.30 per share, or $5.15 billion.

. says it will discuss the unsolicited offer with Dish. Under the deal, Dish Network would buy about 24 percent of Clearwire's spectrum assets for $2.2 billion, and Clearwire would build and manage a wireless network for Dish. Dish would also provide up to $800 million in additional financing to the struggling Clearwire.

Corp. owns 51 percent of Clearwire and it depends on Clearwire to provide high speed Sprint 4G data services on some of its phones. In December it offered to buy the rest of the Bellevue, Wash., company for $2.97 per share.

Explore further: Sprint to pay $2.1B for the rest of Clearwire (Update)

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Sprint to pay $2.1B for the rest of Clearwire (Update)

Dec 13, 2012

(AP)—Sprint Nextel has offered to buy out the minority shareholders of Clearwire for $2.1 billion in a deal that would give it total control of the flailing company and also more space on the airwaves for data services.

Sprint seeks majority control of Clearwire (Update)

Oct 18, 2012

(AP)—Flush with the promise of cash from a Japanese investor, Sprint Nextel Corp. on Thursday said that it wants to buy out the founder of Clearwire Corp. to gain majority control of the wireless network operator.

Sprint: No more Clearwire devices after 2012

Oct 07, 2011

(AP) -- Sprint Nextel Corp. said Friday that it will stop selling phones and other devices compatible with Clearwire Corp.'s network at the end of next year, as it switches customers to its own higher-speed, fourth-generation ...

Sprint raises offer to buy Clearwire for $2.2B

Dec 17, 2012

Sprint, the third-largest U.S. cellphone company, said Monday that it will buy out the portion of wireless network operator Clearwire that it doesn't already own after raising its offer price to $2.2 billion.

Sprint pledges support to Clearwire

Dec 01, 2011

(AP) -- Sprint Nextel Corp. is mending fences with independent subsidiary Clearwire Corp., pledging Thursday to use the data network Clearwire is planning to build and to participate if the company raises more capital.

Clearwire 1Q revenue drops from 4Q on Sprint deal

Apr 26, 2012

(AP) -- Clearwire Corp., which runs a wireless data network, on Thursday reported its first drop in quarter-over-quarter revenue, as a new deal with major customer Sprint Nextel Corp. kicked in.

Recommended for you

Google eyes emerging markets networks

11 hours ago

Google has become deeply involved in a series of projects to build and operate wireless networks in emerging markets including sub-Saharan Africa and Southeast Asia, a report said Friday.

Internet cable from Cuba to Jamaica comes online

May 21, 2013

A new branch of the Venezuela-to-Cuba undersea fiber-optic cable has reportedly come online, linking the island to nearby Jamaica, increasing Cuba's potential international communications bandwidth and providing a backup ...

Carlos Slim company to buy US mobile phone firm

May 20, 2013

Mexican phone giant America Movil, owned by billionaire Carlos Slim, announced Monday that its US unit reached a deal to acquire US mobile phone company Start Wireless Group.

User comments : 0

More news stories

Google eyes emerging markets networks

Google has become deeply involved in a series of projects to build and operate wireless networks in emerging markets including sub-Saharan Africa and Southeast Asia, a report said Friday.

Drones may violate international law

(Phys.org) —As President Obama gives a speech on national security—including defending U.S. use of drones to combat terrorism—Leila Sadat, JD, international law expert and professor of law at Washington University in ...

Facial-recognition technology proves its mettle

(Phys.org) —In a study that evaluated some of the latest in automatic facial recognition technology, researchers at Michigan State University were able to quickly identify one of the Boston Marathon bombing ...

The long road to the 2000-watt society

The vision of a society in which each inhabitant of the earth manages to consume only 2000 watts has already been around for 15 years. During this time, there has been a steady increase in environmental awareness ...

Galaxies fed by funnels of fuel

(Phys.org) —Computer simulations of galaxies growing over billions of years have revealed a likely scenario for how they feed: a cosmic version of swirly straws.