Sprint Ups Clearwire Bid to $2.2B, Clearwire Agrees
Sprint today announced that it has agreed to acquire Clearwire for $2.2 billion. Sprint initially bid $2.1 billion, or $2.90 per share, last week. Today's bid has been raised to $2.97 per share, which amounts to a $100 million increase in the total bid. Softbank, which is in the process of acquiring a 70% stake in Sprint, indicated last week that it would not approve of a bid higher than $2.97 per share. Sprint already owns 50.45% of Clearwire and is purchasing the remaining 49.55%. Other Clearwire investors, including Comcast and Intel, have agreed to the new terms and Clearwire's board has voted in favor of the acquisition. According to Sprint, the deal will put it in a better position for its LTE 4G plans moving forward, and help it to be a better competitor to AT&T and Verizon Wireless. Clearwire has vast spectrum holdings in the 2.5GHz band. The deal is subject to regulatory approval and is expected to close in the middle of 2013.
Samsung Makes Deepsea Blue Note8 Available to U.S. Consumers
Samsung today said it will sell the Deepsea Blue color variant of the Galaxy Note8 smartphone in the U.S. Since launch, the device has only be available to U.S.
ROK Mobile Offering 3 Months of Unlimited for $99
ROK Mobile has rolled out a new promotional rate plan that includes three months of unlimited service for $99. The offer is available to new customers only.
Unlocked Blu S1 Compatible with Most U.S. Carriers
Blu Products recently announced the S1, an inexpensive Android smartphone that's available unlocked from Amazon.com and BestBuy.com. One of the chief benefits of the S1 is its wide compatibility with U.S.
Sprint's WiMax Shutdown May Halt Service for Charities
Sprint plans to deactivate its WiMax network on Nov. 6, but some charities say the change will eliminate internet service for some 300,000 Americans altogether.