Feeds

Dish abandons Sprint sprint, now in mad dash for Clearwire

Satellite telly firm refuses to make a new offer before Sprint's deadline

The Power of One eBook: Top reasons to choose HP BladeSystem

Dish has elected to ditch its pursuit of Sprint for the time being and concentrate on its potentially winning bid for Clearwire.

The satellite TV firm said in a statement that it wasn't going to make an updated offer for the third-largest US wireless provider, after beating it in the board vote for Clearwire, an ISP in which Sprint holds a big stake, and which Dish has been hoping to acquire.

Sprint and Dish had been tussling over Clearwire because of its portfolio of prized wireless spectrum.

“While Dish continues to see strategic value in a merger with Sprint, the decisions made by Sprint to prematurely terminate our due diligence process and accept extreme deal protections in its revised agreement with SoftBank, among other things, have made it impracticable for Dish to submit a revised offer by the June 18th deadline imposed by Sprint," Dish said.

"We will consider our options with respect to Sprint, and focus our efforts and resources on completing the Clearwire tender offer.”

The decision is good news for Japanese rival SoftBank, which has been slowly edging ahead in the race to lay hands on Sprint. Missing the deadline will make it more difficult for Dish to get in a new offer, although technically it has until the 25 June shareholder meeting, when investors will vote on the SoftBank deal, to get a bid in.

SoftBank has also said that it doesn't mind if Clearwire goes to Dish, since Sprint's majority shareholding will pass to it anyway when the merger goes through. The board of Clearwire has unanimously recommended that shareholders take the Dish deal, despite the fact that Sprint has presented a rival bid. ®

Maximizing your infrastructure through virtualization

More from The Register

next story
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
Apple orders huge MOUNTAIN of 80 MILLION 'Air' iPhone 6s
Bigger, harder trouser bulges foretold for fanbois
Bring back error correction, say Danish 'net boffins
We don't need no steenkin' TCP/IP retransmission and the congestion it causes
GoTenna: How does this 'magic' work?
An ideal product if you believe the Earth is flat
Telstra to KILL 2G network by end of 2016
GSM now stands for Grave-Seeking-Mobile network
Seeking LTE expert to insert small cells into BT customers' places
Is this the first step to a FON-a-like 4G network?
Yorkshire cops fail to grasp principle behind BT Fon Wi-Fi network
'Prevent people that are passing by to hook up to your network', pleads plod
BlackBerry: Toss the server, mate... BES is in the CLOUD now
BlackBerry Enterprise Services takes aim at SMEs - but there's a catch
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.