Unlike cable operators or telecoms with pay TV services, Dish and DirecTV do not have broadband networks that can take advantage of the growth in online video and other content. Ergen has pursued mobile businesses or partnerships that could provide a wireless broadband connection. DirecTV has looked at online video service Hulu.
Sprint's takeout price is a substantial premium above the $2.90 per share that the carrier initially planned to offer for Clearwire. The company made a formal bid at $2.97 per share, and bids from Dish drove the price higher.
Written by Chris Nolter
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV