The bidding has stopped in a US$1.56 billion auction of wireless spectrum licenses across the U.S., and satellite operator Dish Network appears to be the winner.
The long saga of satellite operator LightSquared's quest to become a cellular carrier may come to an end soon with an auction for the company's assets scheduled for late November.
As the dust settles after SoftBank's US$21.6 billion acquisition of Sprint, losing bidder Dish Network may be just getting started at stirring up the U.S. mobile industry.
Clearwire shareholders approved Sprint Nextel's takeover of their company on Monday, ending a saga that had included years of uncertainty and finally a bidding war for the spectrum-rich wireless network operator.
Dish Network has dropped its offer to buy Clearwire, probably clearing the path for a strengthened Sprint Nextel to complete its takeover of the struggling but spectrum-rich mobile operator.
The battle of takeovers among Sprint Nextel, Dish Network, Clearwire and SoftBank has heated up as Clearwire's board recommended shareholders accept Dish's bid instead of Sprint's.
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