Warning: mail() has been disabled for security reasons in /home/markrref/public_html/usmarketbuzz.com/wp-content/mu-plugins/bps-mu-tools.php on line 110

Warning: Cannot modify header information - headers already sent by (output started at /home/markrref/public_html/usmarketbuzz.com/wp-content/mu-plugins/bps-mu-tools.php:110) in /home/markrref/public_html/usmarketbuzz.com/wp-content/plugins/bigcontact/BigContact.php on line 43

Warning: Cannot modify header information - headers already sent by (output started at /home/markrref/public_html/usmarketbuzz.com/wp-content/mu-plugins/bps-mu-tools.php:110) in /home/markrref/public_html/usmarketbuzz.com/wp-includes/feed-rss2.php on line 8
NYSE:T – US Market Buzz http://www.usmarketbuzz.com Nation and Economy Mon, 20 Jul 2020 16:28:22 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.23 ClearWire spoke with eight different companies – CLWR, DISH, S, PCS, GOOG, AMZN, DTV http://www.usmarketbuzz.com/clearwire-spoke-with-eight-different-companies-clwr-dish-s-pcs-goog-amzn-dtv-814 Mon, 04 Feb 2013 17:29:25 +0000 http://usmarketbuzz.com/?p=814 Northern, WI 02/04/2013 (usmarketbuzz) – In a candid declaration, Clearwire Corp. (NASDAQ:CLWR) said it has held takeover talks with as many as eight firms in recent times. Two notable carriers Sprint Nextel Corp. (NYSE:S) and Dish Network Corp. (NASDAQ:DISH) have already extended offers to  takeover this wireless carrier.

Though Clearwire Corp. (NASDAQ:CLWR) refused to identify the concerned parties in a proxy filing submitted yesterday, analysts with reputed research firms, identified Deutsche Telecom AG’s T-Mobile USA, AT&T Inc. (NYSE:T), MetroPCS Communications Inc. (NYSE:PCS) and China Mobile Ltd. among the companies.

However, Clearwire Corp. (NASDAQ:CLWR) says that it is determined to keep the same terms of its deal with Sprint Nextel Corp. (NYSE:S). The latter already owns 50% of Clearwire, has given an offer of $2.97 per share. Dish has bid $3.30 per share. When contacted, the spokespersons of the concerned carriers declined to comment.

An Internet services company is said to have shown interest in the purchase of Clearwire’s airwaves during the summer of 2011. However, the discussions failed. Speculations are rife that the Internet services company may be Google Inc.(NASDAQ:GOOG)  or Amazon.com Inc. (NASDAQ:AMZN).

Though Sprint Nextel Corp. (NYSE:S) claims that its bid for Clearwire Corp. (NASDAQ:CLWR)’s spectrum is simpler without many clauses, a few of the latter’s shareholders are lobbying for a better deal. He company recorded a 0.3% growth to reach $3.19. Sprint Nextel Corp. (NYSE:S)  recorded a 1.1 per cent growth to close at $5.69.

Second only to DirecTV (NASDAQ:DTV) in the rapidly growing satellite TV market, Dish Network Corp. (NASDAQ:DISH) is making this bid in an attempt to make a foray into mobile phone service. This proposal is independent of Sprint Nextel Corp. (NYSE:S)’s participation and would require selling of 25% of the stock.

Backed by a cash inflow that was provided by Tokyo-based Softbank Corp., Sprint Nextel Corp. (NYSE:S) inked a deal to acquire 100% of Clearwire Corp. (NASDAQ:CLWR) in the year end. Prior to it, the two companies had decided on a joint venture for a wireless network that would span the entire nation. However, that plan could not work out.

Taking over of Clearwire Corp. (NASDAQ:CLWR)’s spectrum by Sprint is critical for its own network.

The shares of Clearwire Corp. (NASDAQ:CLWR) were down by 0.31% and currently trading at $3.18.

The shares of Sprint Nextel Corp. (NYSE:S) were down by 0.53%and currently trading at $5.66.

The shares of Dish Network Corp. (NASDAQ:DISH) were down by 2.97% and currently trading at $36.56.

The shares of AT&T Inc. (NYSE:T) were down by 1.18% and currently trading at $35.09.

The shares of MetroPCS Communications Inc. (NYSE:PCS) were up by 0.20% and currently trading at $9.91.

The shares of DirecTV (NASDAQ:DTV) were down by 1.23% and currently trading at $51.10.

The shares of Google Inc. (NASDAQ:GOOG) were down by 1.63% and currently trading at $762.97.

]]>