Clearwire’s board has urged shareholders to accept a tender offer from Dish Network over an earlier deal with majority owner Sprint Nextel to buy out the minority shareholders of the wireless service provider.
The decision was a boost for Dish chairman Charlie Ergen who is also in a takeover battle with SoftBank to take full control of Sprint.
Both Sprint and satellite TV service provider Dish want control of Clearwire’s vast trove of wireless airwave licences. Sprint said it was evaluating Clearwire’s statement and would “review any corresponding filings before determining its next steps”. It said it intends to enforce its governance rights as Clearwire’s majority shareholder.