What a week it’s been already for wheeling and dealing in telecommunications and it’s only Monday morning.
Just as the world is starting to absorb DISH’s $25.5 billion offer for Sprint Nextel, we learn that Verizon Wireless wants to buy up spectrum from Clearwire to the tune of $1.5 billion. That would give VzW Clearwire’s airwaves in the biggest U.S. markets, the Wall Street Journal reported.
It’s just the latest move in what’s become a circus surrounding Clearwire, which now sits in a pretty nice position. Sprint last fall offered to buy the half of Clearwire that it doesn’t already own for $2.2 billion. DISH followed that up with its own proposal to buy all of Clearwire. Sprint was able to make its offer for Clearwire thanks to SoftBank’s pending acquisition of 70 percent of the Overland Park, Kan.-based wireless operator.
Now it’s all in a state of flux with DISH’s $25.5 billion bid for Sprint, also announced Monday. Clear as mud?
These deals show just how valuable wireless spectrum has become. Operators are desperate to gobble up as much as they can to be able to offer the lucrative high-speed Internet services that are becoming ubiquitous as more and more people buy smartphones and tablets that rely on airwaves operated by these communications giants.
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May 24 2019 @ 15:22:08 UTC