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Verizon Offers $1.5 Billion to Lease Clearwire Spectrum

Apr 15, 2013, 9:45 AM by Eric M. Zeman

Verizon Wireless has thrown its hat into the Sprint-Clearwire-Softbank-Dish mashup with an offer of its own. The company recently offered to lease portions of Clearwire's spectrum for $1.5 billion. The paperwork, which was filed with the Securities and Exchange Commission last week, only named the bidder as "Party J," but The Wall Street Journal says insiders peg the company as Verizon. In the filing, Clearwire said it would discuss the proposal with "Party J" and Sprint. Sprint is currently attempting to purchase the 49% of Clearwire that it does not already own. It's not clear why Sprint would allow Verizon to lease spectrum that it itself is attempting to gain control over. It's also unclear whether or not the federal government would allow such a deal to move forward. Last week, the Justice Department told the Federal Communications Commission that the agency needs to give smaller providers a better chance of competing with companies such as AT&T and Verizon Wireless.

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This forum is closed.

adam2106

Apr 15, 2013, 9:48 AM

Now VZW?

wow- this is getting messy.

arox413

Talk about FUBAR

...

Haggard

Verizon is the only one capable of dropping the most money out of the others.

...

Haggard

Dish proposed an offer to acquire Sprint. 😳

...

Jayshmay

Apr 15, 2013, 10:33 AM

Does Verizon really need morrre spectrum?!?!?

Verizon has nationwide 700mhz, and nationwide
1700mhz AWS spectrum,... is that not sufficient???

And I'm sure someday spectrum their currently using for CRAP EVDO will be refarmed for LTE-A.

adam2106

yes- everyone needs spectrum- thats a hot commodity. the more spectrum the less it costs you.

MarryTheNight

Apr 15, 2013, 1:30 PM

What does Verizon want with garbage 2.5GHz spectrum?

It can't penetrate through toilet paper. They should wait it out for the 600MHz auction. They'll have obstacles sure but they'll get it. They always do.

adam2106

faster speeds- they can always deploy more towers since they spend the most i think out of any carrier. has more capacity as well.

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