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Sprint/Clearwire Acquisition Discussion (Formerly: Dish offer to acquire Clearwire for $4.40 per share in cash.)

bucdenny

By bucdenny
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WiWavelength Member Level: LTE Advanced

WiWavelength

Posted
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The writing is on the wall.  SoftBank-Sprint-Clearwire will sail through with no required divestment of spectrum.  Following the T-Mobile-MetroPCS link up that got a free pass on its mucho PCS spectrum, this comes as no surprise.  The current FCC seems willing to let the underdogs amass big bandwidth to take on the duopoly.

 

 

http://www.fiercewireless.com/story/report-fcc-wont-force-sprint-clearwire-give-spectrum-part-mergers/2013-06-28

 

AJ

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S4GRU
S4GRU

Sprint is just making it clear that the purchase proposal from DISH is unactionable without Sprint's approval. All these ridiculous terms DISH put in the offer require changes to governance that will

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EEERRRRRRRGGGGEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEN!!

bucdenny
bucdenny

Sprint and Clearwire Agree to Increased Acquisition OfferIncreased Offer to $5.00 Per Share Represents Significant Premium to Unaffected Clearwire Trading Price and DISH Network Tender Offer   Group

bigsnake49 Member Level: LTE Advanced

bigsnake49

Posted
Posted (edited)

OK, time to get serious. What does Sprint do with all the spectrum? Yes, they will use it in a hotspot fashion in NYC, SF, a few downtowns and malls and stadiums. Fine, BFD! What about the rest of us, what benfit do we get out of all of this? How does Sprint monetize it? Do they engage with the cable cos in deploying combined WiFi/2.5GHz strand mounted DAS? I want to hear the plans damn it!

 

For me, the big benefit of Softbank's acquisition is the increased money to solidify the network using NV and the 800SMR spectrum. Why did they expend so much energy and money going after Clearwire? What's the end game?

Edited by bigsnake49
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WiWavelength Member Level: LTE Advanced

WiWavelength

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OK, time to get serious. What does Sprint do with all the spectrum? Yes, they will use it in a hotspot fashion in NYC, SF, a few downtowns and malls and stadiums. Fine, BFD! What about the rest of us, what benfit do we get out of all of this?

 

Send in the "wambulance."  Honestly, this sounds very similar to the complaints that some of our more rural folk make about Sprint not using its large PCS 1900 MHz spectrum holdings to build out their potentially unprofitable areas.

 

Rest assured, I will have a more mature, well reasoned response later today.  But, with such an urgent situation, I had to get the "wambulance" out there right away.

 

AJ

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bigsnake49 Member Level: LTE Advanced

bigsnake49

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Send in the "wambulance."  Honestly, this sounds very similar to the complaints that some of our more rural folk make about Sprint not using its large PCS 1900 MHz spectrum holdings to build out their potentially unprofitable areas.

 

Rest assured, I will have a more mature, well reasoned response later today.  But, with such an urgent situation, I had to get the "wambulance" out there right away.

 

AJ

 

Thanks, AJ. You're a true friend :).

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lordsutch Member Level: eHRPD

lordsutch

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Well, they have to cover 30% of the POPs in each license area with something, and considering that Softbank has committed to pull all the Huawei equipment Clearwire has installed (along with the need for cost reduction by eliminating leases and backhaul to locations where there's Clearwire equipment but no Sprint equipment), that probably means a lot of LTE deployment on protection sites for starters.  And when Sprint climbs towers to pull down the dead PCS-only panels they might as well put up a 2500 panel + RRU at the same time, at least in the urban/suburban areas where customer density justifies it.

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MacinJosh Member Level: LTE Advanced

MacinJosh

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Within 3 weeks from the merger close, I expect Sprint permits to start showing up in Vegas detailing 6 panels, 3 being Network Vision permits, and the other 3 being Newer TD-LTE panels.

 

 

Sent from Josh's iPhone 5 using Tapatalk 2

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lilotimz Member Level: LTE Advanced

lilotimz

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Antennas... not panels... 

 

From what I understand, clearwire is reusing their old antennas. Don't expect TD-LTE applications for several months until Sprint and CW sort out their strategies. 

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WiWavelength Member Level: LTE Advanced

WiWavelength

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Within 3 weeks from the merger close, I expect Sprint permits to start showing up in Vegas detailing 6 panels, 3 being Network Vision permits, and the other 3 being Newer TD-LTE panels.

 

My representative, Wayne Campbell, will release my statement on the matter:

 

 

AJ

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Deval Member Level: LTE Advanced

Deval

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Oh god, I read that yesterday and I wanted to throw my phone in disgust. I can't believe they still let her write for the site.

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Rawvega Member Level: 4G LTE

Rawvega

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Largely irrelevant concession speech from Crest:

 

 

Big shareholder Crest ends battle with Sprint over Clearwire


July 3 | Wed Jul 3, 2013 8:18am EDT

(Reuters) - Crest Financial, which owns a big stake in Clearwire Corp, said on Wednesday it is backing Sprint Nextel Corp's purchase of the rest of Clearwire, ending a protracted and noisy fight over the wireless service provider.

Crest, which hold 8 percent of Clearwire, wrote in a letter to Clearwire shareholders that it intended to vote in favor of the merger after Sprint raised its offer to $5 per Clearwire share from $2.97.

"We are proud of our campaign and stand by our analysis," Crest said in the letter.

"At the same time, with this favorable resolution, we withdraw any statements made in the heat of battle that may be construed as disparaging to Clearwire, Sprint, their directors and officers, or any other participants in this hard-fought contest."

Clearwire was in the middle of a tug-of-war ever since Sprint, its majority shareholder, offered to buy out the rest of the company.

Charlie Ergen, founder and chairman of Dish Network Corp , the satellite television provider, made a counterbid for a minority position in Clearwire because of it owned valuable communications spectrum.

Several minority shareholders launched a boisterous campaign against Sprint, trying to get the company to increase its offer. Dish bowed out after Sprint trumped its bid of $4.40 per share.

Sprint itself was the subject of a takeover battle between Japan's SoftBank's Corp and Dish. Softbank eventually won that bidding war.

 

 

http://www.reuters.com/article/2013/07/03/clearwire-crest-idUSL2N0F90GV20130703?feedType=RSS&feedName=mergersNews&rpc=43

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JeffDTD Member Level: 4G WiMax

JeffDTD

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"Withdraw any statements made in the heat of battle"? Hmm. Sounds like someone at Crest may be paranoid about Sprint seeking damages from them as well, especially if they had given Dish written guarantee that Crest would violate the charter and meet Dish's terms

 

Sent from my Note II. Its so big.

 

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Deval Member Level: LTE Advanced

Deval

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"Withdraw any statements made in the heat of battle"? Hmm. Sounds like someone at Crest may be paranoid about Sprint seeking damages from them as well, especially if they had given Dish written guarantee that Crest would violate the charter and meet Dish's terms

 

Sent from my Note II. Its so big.

 

Lol, gotta love it. Someone's gonna get nailed to the wall for this one.

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irwinshere Member Level: 3G EVDO

irwinshere

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Well dish's offers were all planned to fail. No way sprint or clearwire could let a minority shareholder have veto power over the majority. Looks like a clear case of stock price manipulation by crest and dish.

 

Sent from my MB855 using Tapatalk 2

 

 

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linhpham2 Member Level: 1x Advanced

linhpham2

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According to the KC Biz Journal, "Sprint will reimburse Crest Financial and affiliated shareholders as much as $2.5 million for costs associated with its campaign to persuade Clearwire shareholders to reject Sprint’s proposal." I wonder if that $2.5 million was the final nail needed to buy Crest's vote.

 

http://www.bizjournals.com/kansascity/news/2013/07/03/sprint-strikes-deal-with-one-of.html

Edited by linhpham2
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S4GRU Member Level: LTE Advanced

S4GRU

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Business is all about cost/benefit analysis. It is better to sail into approval paying this $2.5M to Crest than it is to try a legal fight to suggest market manipulation. Other shareholders and more importantly bondholders would be nervous to invest in Sprint in the future if they went after Crest. This is the right course of action. Just get the deal done!

 

Robert from Note 2 using Tapatalk 4 Beta

 

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linhpham2 Member Level: 1x Advanced

linhpham2

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Update from The Hill: The FCC vote is 3-0 in favor (instead of just 2-1). No mention if any spectrum sell-off is required. From the article: "The Federal Communications Commission voted unanimously on Wednesday to approve SoftBank's purchase of Sprint...No official announcement has been made yet. Republican FCC Commissioner Ajit Pai negotiated to remove wording in the final order related to the way the FCC calculates spectrum holdings."

 

Kinda surprised that it was a unanimous vote. Also surprised that the FCC commissioners were still working. I thought the entire government was on a Fourth of July vacation for the week -- not just Congress.

 

http://thehill.com/blogs/hillicon-valley/technology/309237--softbank-wins-fcc-approval-to-buy-sprint

Edited by linhpham2
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