Check out the hottest mobile IT stories for July 15, including the finalized version of the Sprint-T-Mobile US merger, what consumer groups are saying AT&T and Verizon do to artificially raise costs, the leaders of the expanding M2M market, bringing mobility to the great outdoors in England and the way homegrown smartphones are disrupting the markets overseas.
Following last month's report that Deutsche Telekom had accepted Softbank's offer to buy T-Mobile US comes word that Softbank's U.S. carrier Sprint is finalizing details of a merger with T-Mobile.
Check out the hottest mobile IT news for May 29, including Apple finally confirming the Beats Electronics deal, DT and SoftBank's tenative offer on T-Mobile, IDC rethinking its tablet forecast, Symantec's acquisition of NitroDesk and the creative selfie contest Turtle Wax is running.
The Federal Communications Commission on Friday cleared both Softbank's acquisition of a 78 percent stake in Sprint for $21.6 billion and Sprint's purchase of the remaining shares of Clearwire for $5 per share, which would value the firm at $14 billion.
The Federal Communications Commission is the final hurdle for Softbank's acquisition of Sprint, after Sprint shareholders approved the deal on Tuesday.
Clearwire's board and key shareholders are backing a revised offer from Sprint, which is proposing to pay $5 per share for the remaining shares in Clearwire, a 14 percent premium over Dish Network's offer, Bloomberg is reporting.
Softbank, Sprint and Dish Networks are locked in a battle royal over ownership of the third largest U.S. wireless carrier and its affiliate, Clearwire.
With the Sprint shareholder vote on Softbank's takeover offer set for June 25, Dish Network is taking its fight to the Federal Communications Commission, the last remaining U.S. federal agency reviewing the transaction, Bloomberg is reporting.
The board of U.S. wireless provider Clearwire, along with proxy advisory firm Institutional Shareholders Services, recommended this week that Clearwire shareholders reject the offer of majority shareholder Sprint to acquire the rest of the company for $3.40 per share, Reuters reported.
Japan's Softbank has increased its offer for Sprint to $7.48 per share, or a total of $21.6 billion. The third largest U.S. wireless carrier cut off negotiations with rival suitor Dish Networks on Monday, the Wall Street Journal reported.