clearwire22After a long and drawn out bidding war, Clearwire’s fate appears to be nearly certain. The Federal Communications Commission is set to approval Sprint’s purchase of the Bellevue mobile broadband company, along with SoftBank’s $21.6 billion purchase of Sprint, according to a report by Bloomberg News citing people familiar with the matter.

The deals could reshape the the wireless industry in the U.S., and, at least for Clearwire, it would end a months-long bidding war which saw Dish and Sprint competing for the company’s precious wireless spectrum.

According to Bloomberg, two of the three members at the FCC have voted to approve the Sprint-SoftBank deal, the last major regulatory hurdle the deal faces.

Deal making still could occur in the wireless business, with speculation that Dish could now turn its attention to Bellevue-based T-Mobile, the fourth largest wireless carrier in the country.

Dish removed its last bid for Clearwire after Sprint upped its offer to $5 per share. Clearwire has set July 8th as the date for the shareholder vote on the Sprint offer.

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Comments

  • Viet Nguyen

    I am sure the Clearwire folks will be glad to have this issue behind them if this is approved.

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