Let's look at how the different constituents--Sprint shareholders, Sprint as the company, Sprint's customers, Sprint's competitors, and the regulator--are affected by Dish's bid for Sprint.
Dish Network's surprise $25.5 billion bid for Sprint Nextel may spark a bidding war between Dish and Japan's SoftBank over the United States' third-largest wireless carrier, according to comments from shareholders and investment analysts. Further, the situation likely won't get straightened out anytime soon, given the difficulty of comparing the two complex transactions.
Sprint is extending its Ethernet service presence deeper into Europe by establishing a new point of presence at Interxion, a carrier-neutral colocation data center provider in Madrid.
Tier 1 wireless carriers Verizon Wireless, AT&T Mobility, Sprint Nextel and T-Mobile USA said that their networks are fully operational in the aftermath of Monday's explosions in downtown Boston near the Boston Marathon finish line despite reports by the Associated Press that said Boston Police had ordered a shutdown of cellular service throughout the city
This morning Dish Network announced a $25.5 billion unsolicited offer to buy Sprint Nextel, which was followed shortly by the revelation that Verizon Wireless made an unsolicited offer to purchase Clearwire's spectrum license leases in major markets for up to $1.5 billion. Certainly there are pros and cons to all these scenarios but what seems apparent to me is that Dish's bid for Sprint and Verizon's bid for Clearwire will likely put Sprint's future plans in limbo while these deals are evaluated by shareholders, the FCC and the Department of Justice.
Verizon Wireless made an unsolicited offer to Clearwire to purchase Clearwire's spectrum license leases in major markets for up to $1.5 billion, according to a Wall Street Journal report. The report, citing unnamed sources familiar with the matter, said that it is unclear whether Verizon has any interest in Clearwire beyond getting the spectrum licenses.
Dish Network submitted a $25.5 billion offer to acquire Sprint Nextel Corp.-- a deal that could help it compete with the quadruple-play bundles marketed by Comcast, Time Warner Cable, Verizon and other pay TV rivals.
There is finally an answer to what Charlie Ergen and Dish Network intend to do with the company's $10 billion cash pile: buy Sprint Nextel. Dish has made an offer worth $25.5 billion to buy 68 percent of Sprint, countering Japanese operator Softbank's $20.1 billion deal to buy 70 percent of Sprint.
BlackBerry's shares tumbled nearly 8 percent Thursday, the most in two weeks, as financial analysts questioned the strength of early sales of the Z10, the company's flagship smartphone running its new BlackBerry 10 platform.
Crest Financial, the largest minority shareholder in Clearwire, made good on its promise to wage a proxy battle in an effort to block Sprint Nextel's $2.97-per-share offer to buy the 50 percent of Clearwire that Sprint does not already own.