Monday, April 15, 2013

Verizon Offers $1.5 Billion For Clearwire Spectrum

If DISH Network's offer for Sprint this morning didn't already confuse issues enough, the WSJ reports that Verizon is offering up $1.5 billion to Clearwire today, to lease Clearwire's spectrum for its own LTE network buildout. Sprint is in the midst of acquiring Clearwire, which has a bid in from DISH Network to also acquire the firm; DISH made its own bid this morning for Sprint, trumping and existing acquisition deal between Sprint and Japan's Softbank.