All Posts Tagged Tag: ‘Clearwire’

$21.6 Billion Sprint-SoftBank Merger is Now Complete

Sprint Nextel shareholders recently voted overwhelmingly to approve a proposed merger between Sprint and SoftBank. Earlier this week, the deal cleared one final hurdle with the unanimous decision by the U.S. Federal Communications Commission (FCC) to approve the merger. Today, Sprint and SoftBank have announced that the merger is officially complete. SoftBank has paid $21.6 billion for Sprint, acquiring 72% …

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Sprint’s Clearwire Acquisition is Complete

Last December, Sprint Nextel announced that it intended to pay $2.2 billion to fully acquire the portion of telecom company Clearwire that it did not already own. Today, Sprint announced that the transaction is finally complete. Clearwire shareholders approved the sale in a special shareholders meeting held on July 8. The sale closed on July 9, and is effective immediately. …

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Sprint-SoftBank Merger Approved by U.S. FCC

In late June, Sprint Nextel shareholders voted to approve the proposed merger of Sprint and SoftBank during a special shareholders meeting. The only hurdle left for the companies was the U.S. Federal Communications Commission (FCC), which needed to approve the transaction. On Friday, while many Americans were still enjoying an extended Fourth of July holiday, the FCC came through with …

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Sprint Ups Clearwire Acquisition to $5 Per Share

In December 2012, Sprint Nextel announced that it would acquire the 50% of Clearwire that it did not already own for $2.2 billion. Sprint would pay $2.97 per share of Cleawire, valuing the company at around $10 billion. The acquisition would provide Sprint with a boost in spectrum and help the company keep pace with T-Mobile’s recent acquisition of MetroPCS. …

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Is Google Building The Next Generation Of Wireless Networks?

Whenever Google experiments in something, the results are oftentimes pretty awesome. Google Glass, self-driving cars and Google Fiber are all examples of something that started out as an experiment and are now some of the most exciting tech being developed in our nation. Now it seems Google may be experimenting in something that definitely needs a shot of innovation – …

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Sprint Fully Acquires Clearwire for $2.2 Billion

Sprint announced today that it will acquire the 50% of Clearwire that the company does not already own. Sprint will pay $2.97 per share of Clearwire, spending $2.2 billion for the purchase. The transaction puts Clearwire’s value at around $10 billion. “Our board of directors has been reviewing available strategic alternatives over the course of the last two years,” said …

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Google Offers Great Deal On Junk Investment

Some hard times are coming for Clearwire Corporation. Google has filed paperwork with the Securities and Exchange Commission (SEC) to shed their 6.5 percent stake in the 4G wireless providers corporation. Clearwater’s major investment in WiMaxx was supposed to cement them as a premier wireless broadband provider, but it just simply didn’t happen. Now Google is willing to sell the …

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