Sprint absolutely has the tools in place to build one of the most powerful, if not the most powerful, LTE network in the country. Unfortunately, we have been waiting since 2008 to get this so-called powerful 4G network from Sprint and nothing has materialized.
The focus now shifts to Clearwire, where Dish has a new set of headaches. Sprint’s deal with Softbank hinges, in part, on Sprint’s ability to acquire the remaining half of Clearwire it didn’t already own.
In a rather bold move, Sprint has sued Dish Network to stop the satellite TV provider from purchasing a controlling interest in Clearwire. Though the offer Dish put on the table was recommended by the Clearwire board to their shareholders, Sprint is claiming it violates shareholders’ rights under the Clearwire charter.
Clearwire is the winner in this scenario, as they’re in the best position to dictate terms. Just as it was before, the Dish offer is the best on the table. This time, they’ve gone ahead and accepted it, rather than take payment from Sprint.
It now looks like Verizon has offered $1.5 billion to Clearwire for spectrum leases they hold. There is no word on which spectrum they’re bidding on, but our money is on AWS, which helps with their LTE offerings.
DISH Network has long been a shark, circling the school of Mobile carrier fish. They made an attempt to wrestle Clearwire from Sprint long ago, and were famously flirting with Google regarding a network of some sort. DISH has an angle here… and it’s a good one. They want to bundle everything we want, together, making themselves the go-to provider for… anything, really.
In the wake of the Sprint-SoftBank deal, we learned that Sprint would need to buy out the remaining half of Clearwire they didn’t yet own. Sprint’s offer to Clearwire was for $800 million, spread out over 10 months. Each month, Clearwire can take an $80 million payment, which is convertible to Clearwire stock.
The Dish Network and Sprint rivalry has been going on quietly behind larger events like CES 2013. However, the two companies continue to battle as Dish asks the FCC to freeze the Sprint and Softbank deal.
Rumors started to emerge a couple of months ago that Sprint would like to buy up the rest of the controlling shares in Clearwire. The deal, which is worth $2.2 billion, has been finalized and is all about airwaves.
It has been revealed that Sprint has made a $2.1 billion offer to buy out Clearwire. Sprint already owns 50.4 percent of the company but wants to buy all of its share to control its spectrum.