Sprint Improves Clearwire Bid, Says Its 'Best And Final Offer'

Sprint entered into an agreement to buy the remaining 50 percent of Clearwire that it doesn't already own for $2.97 per share, or around $2.2 billion. This morning Sprint announced that it's decided to up its bid to $3.40 per share, putting Clearwire at a value of $10.7 billion. Sprint says that this is its "best and final offer" for Clearwire and that it's bid is the "best strategic alternative" for Clearwire and its shareholders.

This improved Sprint bid bests the offer that Dish Network made for Clearwire in January 2013, which was set at $3.30 per share. While it remains to be seen which offer Clearwire will ultimately take, things definitely appear to be leaning in Sprint's favor. Not only does Sprint now have the higher bid, it also has the support of Clearwire's Special Committee and its board of directors. What's more, Sprint says that it's been told by Comcast, Intel and Bright House Networks that they all plan to vote their shares of Clearwire in favor of Sprint's merger. Those three companies own a total of approximately 26 percent of Clearwire.

Source: Sprint

Cable Internet Providers Team Up For CableWiFi Initiative

If you’re looking to enjoy Wi-Fi access wherever you go, it looks like that may become more of a reality in the near future if you subscribe to the right provider.

Bright House Networks, Cablevision, Comcast, Cox Communications and Time Warner Cable have announced that a new coalition has been formed between the five companies that will be called “CableWiFi.” If you subscribe to any of these providers you will soon be able to enjoy using over 50,000 company owned Wi-Fi hotspots through out the nation.

The first coverage areas will include New York City and the surrounding area, Los Angeles, Tampa, Orlando and Philadelphia with more cities expected in the future. You’ll be able to find where the hotspots are located by visiting your providers hotspot locator or going to CableWiFi.com.

While this is certainly not an end-game solution that will allow you to dump your mobile data on your phone, it definitely raises some interesting questions for the future. Could the U.S. finally get to a point where you could wander from one Wi-Fi hotspot to another and no longer worry about the speeds of your mobile data or your bandwidth camp?

Check out the official website for more details