dish

The claws are out in the Dish Network-Sprint Nextel tussle for Clearwire.

Dish slammed Sprint's lawsuit on Tuesday, calling it a "transparent attempt to divert attention from its failure to deal fairly with Clearwire's shareholders."

Sprint on Monday filed a lawsuit to block Dish's attempt to acquire Clearwire, arguing that Dish fooled shareholders into thinking such a deal would work.

Dish's comments are just the latest in a see-saw battle over Clearwire, which has suddenly become an extremely valuable asset because of the radio airwaves, known as wireless spectrum, it owns.

Sprint had initially … Read more

Satellite TV provider Dish Network plans to take on cable and DSL broadband service with a new fixed wireless service that it's recently begun testing. But the success of its new business could depend on its ambitions to acquire more spectrum.

Last week, Dish announced that it has already begun testing the new wireless broadband network that uses 4G LTE technology in the Blue Ridge Mountains near Waynesboro and Afton, Va.

Unlike other 4G LTE services from carriers, such as AT&T and Verizon Wireless, the 4G LTE service that Dish is building is for in-home broadband service … Read more

Sprint Nextel has filed a lawsuit against Dish Network and Clearwire seeking to prevent Dish's takeover of the wireless broadband provider.

The No. 3 wireless carrier filed a lawsuit Monday against the two companies in Delaware Court of Chancery, alleging that Dish's tender offer violates the rights of Sprint and Clearwire's shareholders and the laws of the state of Delaware. The lawsuit seeks to prevent Clearwire from accepting Dish's tender offer, as well as other injunctive and compensatory relief.

"Dish has repeatedly attempted to fool Clearwire's shareholders into believing its proposal was actionable in … Read more

Clearwire's board has recommended its shareholders accept Dish Network's takeover offer over a rival bid by majority owner Sprint Nextel.

The wireless broadband provider announced Wednesday that its special committee had unanimously recommended Dish's offer of $4.40 per share in cash. Clearwire has scheduled a special meeting of stockholders for June 24, where a vote on Dish's offer is planned.

Dish welcomed the decision, asserting that its proposal offered the best value to Clearwire shareholders.

"We appreciate Clearwire's recognition of the superior value that our tender offer provides to its shareholders," Dish … Read more

Dish Network isn't yet ready to let Sprint go.

Dish is still examining Sprint's books to determine whether it wants to make another bid for the mobile carrier, Reuters is reporting on Tuesday. The trouble is, time is running out: shareholders vote on the previous acquisition bid from SoftBank later this month.

SoftBank last year approached Sprint with an offer to acquire 70 percent of the carrier for $20.1 billion. In April, Dish countered with an unsolicited bid of $25.5 billion. Despite the jump in price and the fact that a Sprint committee evaluated the Dish … Read more

As the battle between SoftBank and Dish in the takeover of Sprint increasingly heats up, SoftBank has announced that it will raise its offer to from $20.1 billion to $21.6 billion.

SoftBank said Monday that the amended merger agreement will give shareholders a greater value, including greater cash consideration and increased certainty.

Under the new agreement SoftBank said it will deliver an additional $4.5 billion of cash to Sprint stockholders at closing, which brings the total cash consideration available to Sprint stockholders to $16.64 billion. This offer would also give SoftBank a higher stake in Sprint … Read more

The Department of Justice has given the Federal Communications Commission the go-ahead to issue a decision on Softbank's proposed buyout of Sprint.

In a letter to the FCC on Friday (PDF), the department said the Justice Department -- including the FBI -- along with the Department of Homeland Security had no problem with the deal proceeding.

"The agencies have reviewed the information provided by the applicants and analyzed the measures undertaken by the applicants to address potential national security, law enforcement, and public safety issues, including supply chain issues," the letter said. "Based on this review, … Read more

Sprint is firing off some legal salvos in its effort to stop Dish Network from acquiring Clearwire.

In a letter sent today to Clearwire's board of directors, Sprint said that Dish's acquisition proposal lacks sufficient legal grounds as certain provisions run afoul of the Clearwire Equityholders' Agreement (EHA) or of Delaware state law.

Specifically, Dish's demand for an agreement to choose at least three of Clearwire's board members and have the authority to veto certain Clearwire actions violates the EHA or Delaware law. Further, Dish's proposal asks Sprint, which already owns half of Clearwire and … Read more

A top adviser to mutual funds and other large investors says Sprint shareholders should give the thumbs-up to SoftBank's offer to buy the company, but it doesn't address a rival, preliminary -- and higher -- offer from Dish Network.

In a report, proxy firm Institutional Shareholder Services said, according to The Wall Street Journal, that SoftBank's $20.1 billion offer "addresses Sprint's most compelling need: capital to acquire additional spectrum and complete the transformation of its network, enabling it to fully compete in the U.S. market."

The compelling need for capital aside, ISS … Read more