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  • Sep. 25, 2013, 11:40 AM
    • During a Goldman conference talk, T-Mobile USA (TMUS +2.3%) CFO Braxton Carter called a merger between his company and Sprint (S -2.3%) the "logical ultimate combination." But he also admitted the current M&A regulatory environment is "tough."
    • T-Mobile and Sprint have been bleeding share in recent years to bigger rivals Verizon and AT&T. However, T-Mobile has begun to reverse its fortunes with the help of an iPhone deal, contract-free plans, and its Jump smartphone upgrade program. Sprint is betting aggressive pricing and a rapid 4G buildout will help it do the same.
    • Regulators may not be the only reason a T-Mobile/Sprint deal would be challenging in the near-term. T-Mobile is in the midst of digesting MetroPCS, and Sprint is fresh off acquiring Clearwire and merging with SoftBank (SFTBF.PK).
    • Separately, SoftBank has extended Sprint CEO Dan Hesse's contract through July 2018.
    | Sep. 25, 2013, 11:40 AM
  • Jul. 12, 2013, 5:07 PM

    AT&T (T) is buying Leap Wireless (LEAP) for $15/share in cash. LEAP +88% AH to $15. Sprint (S) +1.7%. T-Mobile USA (TMUS) +0.4%.

    | Jul. 12, 2013, 5:07 PM | 6 Comments
  • Jul. 10, 2013, 6:51 PM

    T-Mobile USA (TMUS) CEO John Legere says his firm is open to tie-ups with Dish (DISH) and Sprint (S). "When I look at the medium to long term, I'm intrigued by Dish's vision," says Legere amidst widespread speculation Dish will try to partner with or acquire T-Mobile now that Sprint/Clearwire are off the table. He hints any deal with Sprint, which will have its hands full in the coming months digesting Clearwire and merging with SoftBank (SFTBF.PK), wouldn't be a near-term proposition. "When we look at the medium to long term, we don't know what the industry structure looks like." (Jump plan: I, II)

    | Jul. 10, 2013, 6:51 PM
  • Jul. 8, 2013, 1:49 PM

    Clearwire (CLWR -0.1%) shareholders approve Sprint's (S -1%) $5/share offer for the 49.8% of shares it didn't already own; the deal is expected to close tomorrow. Approval was widely expected following Dish's decision to abandon its Clearwire tender offer. Sprint announced earlier today its shareholders had signed off on the SoftBank deal.

    | Jul. 8, 2013, 1:49 PM
  • Jul. 8, 2013, 8:51 AM

    Sprint (S) shareholders back Softbank's (SFTBF.PK) $21.6B offer to acquire 78% of the U.S. carrier, with investors representing 53% choosing to receive $5.65 in cash and 0.26174408 share of new Sprint for each existing share owned. Around 3% elected to receive just stock, while the 44% of shares that didn't vote will get cash. The companies expect to close the merger on Wednesday. Meanwhile, S&P has downgraded Softbank's debt by two notches into "junk" territory, citing the risks from its purchase of Sprint and the latter's proposed acquisition of Clearwire (CLWR). (PR)

    | Jul. 8, 2013, 8:51 AM | 7 Comments
  • Jul. 5, 2013, 4:22 PM

    It's official: The FCC has unanimously approved SoftBank's (SFTBF.PK) acquisition of a 78% stake in Sprint (S), and Sprint's acquisition of 100% of Clearwire.  Sprint says both deals are expected to close in early July. (previous)

    | Jul. 5, 2013, 4:22 PM | 4 Comments
  • Jun. 28, 2013, 3:35 AM

    The Federal Communications Commission does not reportedly intend to demand the sale of any spectrum as part of Sprint's (S) purchase of the almost 50% in Clearwire (CLWR) that it doesn't already own. FCC commissioners could vote on an order recommending the deal today, as well as on SoftBank's (SFTBF.PK) purchase of Sprint. FCC approval of the latter transaction is the last hurdle the companies have to overcome.

    | Jun. 28, 2013, 3:35 AM | 4 Comments
  • Jun. 26, 2013, 4:11 PM

    Dish (DISH) abandons its bid for Clearwire (CLWR) five days after abandoning its bid for Sprint (S). This paves the way for Sprint's $5/share offer to be approved at Clearwire's July 8 meeting. CLWR -2% AH to $4.99. Will Dish now turn its sights on T-Mobile USA (TMUS)?

    | Jun. 26, 2013, 4:11 PM | 7 Comments
  • Jun. 25, 2013, 11:18 AM

    Sprint (S +0.9%) shareholders have approved the company's merger with SoftBank (SFTBF.PK); a company spokesman says 80% of outstanding shares (and 98% of votes cast) were voted in favor of the deal. SoftBank's revised deal gives the Japanese carrier a 78% stake in Sprint, and existing investors $5.50/share in cash to go with some equity.

    | Jun. 25, 2013, 11:18 AM | 7 Comments
  • Jun. 24, 2013, 2:46 PM

    Shareholder advisory firm ISS gives its support to Sprint's (S -1.1%) $5/share offer for Clearwire (CLWR -0.8%), which gets put to a vote on July 8. Though down today, Clearwire continues to trade slightly above the offer price, which suggests some investors are still betting on a higher offer from Dish (DISH -2.4%).  (PR)

    | Jun. 24, 2013, 2:46 PM
  • Jun. 21, 2013, 6:34 AM

    Dish Network (DISH) decides to abandon its deal to acquire Sprint (S) in a development which clears the way for SoftBank to move forward.

    | Jun. 21, 2013, 6:34 AM
  • Jun. 21, 2013, 3:07 AM

    SoftBank (SFTBF.PK) CEO Masayoshi Son has forecast that his company's $21.6B acquisition of Sprint (S) should achieve savings of ¥200B ($2B) a year over the next four years. The deal should be completed early next month, barring a late twist involving Dish (DISH) or regulatory problems, Son said at a shareholders meeting. He acknowledged that SoftBank considered buying T-Mobile (TMUS) as an alternative to Sprint.

    | Jun. 21, 2013, 3:07 AM
  • Jun. 20, 2013, 2:35 PM

    Sprint (S +0.6%) raises its offer for Clearwire (CLWR +1.7%) to $5/share, well above Dish's (DISH -2%) $4.40/share tender offer. Clearwire's special committee is endorsing the offer (reversing its prior recommendation for Dish's bid), and is rescheduling a shareholder vote set for June 24 to July 8. Clearwire shares are halted; Dish's have spiked lower. Will Charlie Ergen return fire?

    | Jun. 20, 2013, 2:35 PM | 4 Comments
  • Jun. 18, 2013, 7:31 PM

    Dish (DISH) is all but officially abandoning its bid for Sprint (S). In a fresh update, the satellite TV provider says the revised SoftBank (SFTBF.PK) deal makes it "impracticable" for it to submit a new offer by Sprint's June 18 deadline, and that it will now focus its "efforts and resources" on the Clearwire (CLWR) tender offer. It increasingly looks as if SoftBank will end up with Sprint (vote on June 25), and Dish with a big minority stake in Clearwire that it could use to obtain a 4G network/spectrum deal with the 3 other parties in this saga. S -1.8% AH. CLWR +1.8%. (previous)

    | Jun. 18, 2013, 7:31 PM | 16 Comments
  • Jun. 17, 2013, 8:28 PM

    Sprint (S) files suit to end Dish's (DISH) $4.40/share tender offer for Clearwire (CLWR), alleging the deal (endorsed by Clearwire last week) violates Delaware law and the rights of Sprint and other "strategic" Clearwire investors. Among other things, Sprint claims the Dish offer can't be concluded without the approval of both Comcast and Clearwire shareholders owning at least 75% of shares (Sprint has a majority stake). Clearwire investors aren't bothered, shares +0.4% AH to $4.65. (previous: I, II)

    | Jun. 17, 2013, 8:28 PM | 3 Comments
  • Jun. 14, 2013, 11:21 AM

    T-Mobile USA (TMUS +3.3%) is "Plan B" for SoftBank (SFTBF.PK) if its merger with Sprint (S +0.3%) doesn't go through, says CEO Masayoshi Son. But Son adds he "[plans] to go with Plan A if possible." Reuters reported last week SoftBank is talking with Deutsche Telekom (DTEGY.PK) about buying its 74% stake in T-Mobile USA if the Sprint merger fails thanks to a rival bid from Dish (DISH). For now, Sprint's board (unlike Clearwire's) is spurning Dish. As always, Son isn't lacking for confidence. "I am determined to be No. 1 in the world very soon in my industry ... You are lucky not to be my competitor."

    | Jun. 14, 2013, 11:21 AM | 3 Comments