Wednesday, June 26, 2013

DISH Network gives up on Clearwire

Dish Networks withdrew its tender offer for Clearwire following Clearwire's recent decision to side with Sprint's revised acquisition terms.

The withdrawal comes as a major blow for Dish.

Dish also recently withdrew from its attempts to purchase Sprint.

It had hoped to buy both Clearwire and Sprint to launch cellular services of its own. Dish will now have its sight set on Tmobile