Sprint Completes Acquisition of Clearwire
Sprint today announced that it has finalized its acquisition of the portion of Clearwire that it did not already own. The acquisition comes after a six-month battle with rival Dish Networks and Clearwire investors over control for the failed WiMax venture. Sprint how has control over the company's assets, which include large 2.5GHz spectrum holdings. Clearwire's shareholders approved the deal on July 8, and the Federal Communications Commission greenlighted the deal on July 5.
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.
Europe Approves Nokia's Purchase of Alcatel-Lucent
The European Commission today gave Nokia permission to move forward with its acquisition of rival Alcatel-Lucent. Following its initial review, the Commission approved the deal without placing any conditions on the terms.
Sprint Settles Lawsuit Over Nextel Merger for $131 Million
Sprint today settled a class-action lawsuit regarding its 2005 acquisition of Nextel for $131 million. Investors claim Sprint executives defrauded shareholders by inflating stock and bond prices after Sprint closed its acquisition of Nextel.
AT&T Closes Acquisition of FiberTower, Gains mmWave for 5G
AT&T today said it has finalized its acquisition of FiberTower and in the process gained a foothold in the spectrum needed to deploy 5G. Specifically, AT&T now owns 375 MHz of 39 GHz spectrum in the top 100 markets around the country.
Happy, happy, happy.