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.
U.S. wireless carrier Clearwire has decided to postpone a shareholder vote on majority shareholder Sprint's offer to buy the remaining shares of the company in response to a more attractive offer from rival suitor Dish Networks, Reuters reports.
Does the acquisition of the third largest wireless carrier in the U.S. by a foreign company pose a security risk to the U.S. telecom infrastructure? Yes, say two senior U.S. lawmakers.
Senators Charles Schumer (D-N.Y.) and John McCain (R-Ariz.) sent separate letters to U.S. federal agencies reviewing Japanese wireless carrier Softbank's acquisition of U.S. carrier Sprint, advising them to consider the security risks of the proposed acquisition.
In apparent response to pressure from Clearwire's minority shareholders, majority shareholder Sprint has bumped up its offer for the rest of Clearwire to $3.40 per share from a previous $2.97 per share, an offer that would value the wireless provider at $10.7 billion.
LAS VEGAS--Messaging provider Pinger earns an average of roughly 64-65 cents per month from each of its users, primarily from advertising. Greg Woock, Pinger's co-founder and CEO, provided the figure during a discussion here at the CTIA Wireless 2013 trade show about the effect over-the-top messaging providers are having on wireless carriers' traditional voice and messaging businesses.
Sprint Nextel prepaid brand Boost Mobile launched an Android-based mobile wallet service powered by Wipit that will let consumers load cash to their wallet, pay their bills, top-up their account, transfer funds and send money to other countries. In addition, customers will get a reloadable Visa prepaid card that is linked to their mobile wallet account.
Clearwire's minority shareholders are expected to reject a buyout offer from majority shareholder Sprint, according to analysts consulted by Reuters.
Sprint Nextel and social networking app Path have formed a partnership making it easier for Sprint users to find the app without having to search through the Google Play storefront. Users with Sprint's Samsung Galaxy S4, HTC One or Torque devices will have the Discover-It widget preinstalled on their phone, and the widget will spotlight select apps that Sprint recommends, including Path.