Sprint

Sprint grabs 100% of Clearwire in $2.2bn deal

Sprint grabs 100% of Clearwire in $2.2bn deal

Sprint will acquire 100-percent of mobile broadband network Clearwire in a deal worth $2.2bn, the carriers have confirmed, with Clearwire valued at around $10bn in total and Sprint planning to use the extra spectrum for new LTE roll-out. The deal, which had been rumored for some weeks, sees Clearwire's board accept $2.97 per each share Sprint does not currently own; the carrier was already a majority shareholder in Clearwire.

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Sprint offers $2.1bn for Clearwire (as long as Softbank deal goes through)

Sprint offers $2.1bn for Clearwire (as long as Softbank deal goes through)

Sprint has made a $2.1bn offer for Clearwire, hoping to snatch up the remaining shares of the WiMAX carrier so as to gain full control over its valuable wireless spectrum holdings. The deal, revealed in an SEC filing, would see Sprint pay $2.90 per share, with 48.3-percent of the overall shares still out of its control; others with a stake in Clearwire include Intel and Comcast.

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Clearwire chooses Huawei for LTE network

Clearwire chooses Huawei for LTE network

Huawei is a Chinese company that offers all sorts of hardware for mobile networks and other network systems. The Chinese company has been at the center of spying allegations made by the US government suggesting that Huawei may be allowing the Chinese government access to American network systems. Huawei continues to strenuously object to these claims and has offered access to its source code in an attempt to prove it's not facilitating Chinese spying on America.

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AT&T carefully objects to Softbank’s Sprint deal

AT&T carefully objects to Softbank’s Sprint deal

With a single statement that's no more than three sentences long, AT&T has given what essentially amounts to a fair warning to U.S. regulators that they will not have an easy time approving of Softbank's acquisition of Sprint. Having failed at their own acquisition of T-Mobile in the USA earlier this year, it would appear that AT&T isn't going to let the Japanese carrier Softbank work with Sprint without letting them know they're watching them closely. With what AT&T says here, a clear message is sent directly to the FCC saying how the USA doesn't take kindly to outsiders buying up their market - so to speak.

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Softbank buys 70% of Sprint in $20.1bn deal

Softbank buys 70% of Sprint in $20.1bn deal

Japanese carrier Softbank has confirmed it is acquiring a majority share in Sprint, in a deal worth $20.1bn expected to be closed by mid-2013. The deal, rumored last week, will see Softbank pay $12.1bn to Sprint's existing shareholders to snap up the struggling US CDMA carrier, with the remaining $8bn used to "strengthen Sprint's balance sheet." The acquisition will see Softbank attempt to bring some Japanese-style LTE magic to Sprint's network in the US, with current CEO Dan Hesse remaining on in his position.

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SlashGear Evening Wrap-Up: October 12, 2012

SlashGear Evening Wrap-Up: October 12, 2012

Welcome to Friday, folks. The weekend is here once again, and what better way to kick off the festivities than with a Windows 8 purchase? The new OS went up for pre-order today, while a number of other Windows 8-related stories were popping up all over the place. For instance, we found out that the marketing campaign for Windows 8 cost Microsoft a whopping $1.5 billion, and a collection of HP computers were spotted running Windows 8 on the show floor of one Best Buy store in Minnesota.

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