Thursday, May 30, 2013

Dish raises offer for Clearwire

Not to be outdone by Sprint, Dish has just raised their offer to $4.40 per share in cash to acquire the 50% remainder of Clearwire. This comes soon after Sprint made the announcement last week that they raised their offer to $3.40 per share, up from their previous $3.20 per share offer. Dish said in a letter to Clearwire that their offer offers "substantially greater value to Clearwire and your minority stockholders and a clearer path to value realization for all parties.” In addition to this news Dish also announced a partnership with nTelos to offer a fixed 4G LTE broadband system for rural customers. In the past Dish has talked about LTE and wireless service and many thought it was simply a bluff, but both of these actions show that Dish has taken a more serious stance on wireless Internet options.