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Clearwire Corporation (CLWRD) Message Board

  • ed_amamay ed_amamay Dec 21, 2012 5:33 PM Flag

    new DISHES will be nice for Xmas...hold tight

    things moved a bit faster than expected. I still need DISHes, however. You will too.

    eat your veggies.

    Sentiment: Strong Buy

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    • Welcome back Ed.

      Sentiment: Strong Buy

    • the fight is on I guess.

      • 1 Reply to nightstar427
      • Dish seeks more time to fight Sprint's Softbank, Clearwire deals...

        By Sinead Carew

        NEW YORK | Fri Dec 21, 2012 5:18pm EST

        NEW YORK (Reuters) - Dish Network (DISH.O) has asked the U.S. telecom regulator for more time to file an objection to wireless service provider Sprint Nextel's (S.N) proposed sale of a controlling stake to Japan's SoftBank Corp (9984.T) due to Sprint's announcement this week of a plan to buy out Clearwire Corp (CLWR.O).

        The request may indicate that satellite television provider Dish, controlled by billionaire founder Charlie Ergen, is gearing up for a fight with Sprint over its plan to sell a 70 percent stake to SoftBank for $20 billion. Dish declined further comment on the matter.

        Dish, which recently gained regulatory approval to build its own wireless service, told the Federal Communications Commission in a document dated December 20 that it wants a three-week extension to the FCC's January 4 filing deadline for petitions against the Softbank deal, which was announced in October.

        Earlier this week, Sprint, which owns 50.45 percent of Clearwire, said it agreed to buy the rest of Clearwire for $2.2 billion, in a deal that would be conditional on the success of the SoftBank purchase.

        Sprint, the No. 3 U.S. mobile provider, declined to comment on the Dish filing on Friday.

        It sent the FCC an amendment to its application for approval of the SoftBank deal on Thursday including notice of its agreement with Clearwire, which would gives Sprint control of the smaller company's substantial spectrum holdings.

        Dish said in its filing that Sprint's plan "raises a number of issues deserving of careful consideration" and that interested parties need an appropriate amount of time to consider and address these issues.

        For example, Dish questioned if it is in the public interest for a foreign company such as SoftBank to control more wireless spectrum than any other company in the United States.

        It also asked whether the FCC should re-evaluate "the competitive effects" of a combination of Sprint's and Clearwire's spectrum holdings under one owner.