Sprint(s s) may think that Dish Network’s(s dish) latest proposal to invest in Clearwire is illegal, but Clearwire’s board doesn’t agree. The WiMAX operator said today it has switched its allegiance from Sprint to Dish.
The board rescheduled this week’s shareholder meeting for June 24, recommending that stockholders vote against Sprint’s most recent offer to take over the company, and vote for Dish’s $4.40-per-share bid instead.
The two companies have been dueling over Clearwire for the last five months, each with different plans in mind for the prize. Sprint is trying to get its house in order before its pending acquisition by SoftBank, and Dish is trying to find a network operator partner to launch its LTE network. The bad blood between them has been viscous, and Dish has even challenged the Softbank deal with its own counter offer for Sprint.
The outcome Dish-Clearwire tie-up would be entirely…
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