DISH Network Takes On Sprint With Bid For Clearwire
Englewood, Colorado-based DISH Network emerged as a surprise bidder for 4G wireless network developer Clearwire Tuesday afternoon, proposing to acquired Clearwire for $3.30 per share, valuing Clearwire at roughly $4.9 billion. The new bid comes after wireless carrier Sprint--Clearwire's major partner and investor--already said it planned to buy Clearwire, as part of an acquisition bid by Japan's Softbank Corp. Clearwire operates a 4G wireless network based on the WiMax standard, and is in the process of building and replacing that network with an LTE network specifically for Sprint.
posted on Tuesday, January 8, 2013
Related companies:
Dishable, LLC
Related stories:
> DISH Network Drops Clearwire Bid
> DISH Network Makes New Offer For Clearwire
> DISH Edged Out By Softbank With New Bid For Sprint
> DISH Network Launches Competing Offer To Buy Sprint
> DISH Waves National Security In Sprint Acquisition
Techrockies.com Home