WSJ: Verizon offers $1.5 billion for Clearwire's spectrum license leases in major markets
But a mysterious third party only called "Party J" and assumed to be Verizon by the WSJ, has offered $1.5 billion to buy spectrum leases owned by Clearwire in major markets. The $1.5 billion that the network wholesaler would receive in the deal would be lowered by the amount it currently pays for the leases, which sources say could be a substantial figure. Sprint, which owns more than 50% of Clearwire could put the kibosh on the offer. Meanwhile, the latter firm said that if no deal is completed, it could face bankruptcy.
And all of this now has to fit into Dish Network's $25.5 billion bid for Sprint, which trumps the offer from Japan's Softbank to purchase 70% of the nation's third largest carrier for $20 billion. And you think balancing your checkbook is hard work?