Arab Today, arab today sprint lifts bid for clearwire in broadband battle
Last Updated : GMT 21:53:08
Arab Today, arab today
Arab Today, arab today

Sprint lifts bid for Clearwire in broadband battle

Arab Today, arab today

Arab Today, arab today Sprint lifts bid for Clearwire in broadband battle

New York - AFP

Sprint said Tuesday it was hiking its offer for the remaining shares of broadband service firm Clearwire, in the face of a rival bid from satellite TV group Dish Networks. Sprint, the number three US mobile telecom carrier, said it was offering $3.40 per share for the 50 percent of Clearwire it does not already own. The offer values Clearwire at $10.7 billion, and comes after Dish made a bid of $3.30 a share. \"This increased offer represents a 14 percent premium to Sprint\'s previous offer of $2.97 announced on December 17, 2012 and a 162 percent premium to Clearwire\'s closing share price the day before the Sprint-Softbank discussions were first confirmed in the marketplace,\" Sprint said in a statement. Sprint, which is to get a big capital injection from Japanese mobile carrier Softbank, wants Clearwire\'s spectrum and broadband WiMax network, which is becoming more valuable with the surge of mobile Internet use. Softbank is set to acquire 70 percent of Sprint, the number three US carrier behind AT&T and Verizon Wireless, later this year. Softbank agreed in October to pay $20 billion for a 70 percent stake in US-based Sprint in the biggest overseas acquisition by a Japanese firm. The tie-up was expected to provide Sprint with capital that the company needs to compete better with its larger rivals, analysts said. Sprint has around 55 million US customers, roughly half the size of Verizon and AT&T. Dish has made a separate bid of $25.5 billion for Sprint, saying it wants to create a unique company that could deliver a fully integrated, nationwide bundle of video, television, broadband Internet and voice services.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sprint lifts bid for clearwire in broadband battle Arab Today, arab today sprint lifts bid for clearwire in broadband battle

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sprint lifts bid for clearwire in broadband battle Arab Today, arab today sprint lifts bid for clearwire in broadband battle

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday