After Dish Network’s bold bid to pre-empt Softbank’s $20 billion offer for Sprint Nextel, SoftBank’s chief executive says his proposal will prevail — unmodified.
The German telecommunications firm offered to cut the amount of debt that the combined company will bear by about $3.8 billion, and to reduce the interest rate.
Verizon is working with its main rival, AT&T, about a joint bid for Vodafone, The Financial Times’s Alphaville blog reports. If true, a successful deal could solve issues at both Verizon and Vodafone.
The Russian investment firm Alfa Group, whose chairman is the billionaire Mikhail Fridman, said it would offer up to $4 billion to buy the cell phone operator Tele2 Russia.
Sprint Nextel and its Japanese suitor, SoftBank, have assured lawmakers that they will not use equipment from China’s Huawei in Sprint’s cellphone network, the chairman of the House intelligence committee said.
Sprint increases its offer for Clearwire and its valuable wireless spectrum to $2.97 a share from $2.90 and wins the support of its board.
The initial offering of the Russian cellphone operator MegaFon raised $1.7 billion, making it Europe’s second-largest offering this year, but the market seem unimpressed on the first day of trading.
Sprint Nextel said on Wednesday that it was buying wireless spectrum and 585,000 customers from the U.S. Cellular Corporation for $480 million, allowing Sprint to bolster service coverage as it continues to move to a faster data network.
The lawyer representing a man claiming to own a substantial stake in Facebook withdrew from the case on Tuesday, just a day after he defended his client in an interview.
As wireless providers rush to grow through acquisitions, they may end up hurting themselves — and consumers.
Sprint disclosed on Thursday that it had offered to buy a stake in Clearwire from its founder, Craig O. McCaw, the cellphone pioneer, effectively giving it majority control of the struggling broadband company.
Sprint Nextel has secured control of Clearwire, the wireless network operator that holds valuable spectrum, according to a regulatory filing on Thursday.