Sprint-Nextel is on the clear road to recovery. First, it had an agreement entered into with Softbank of Japan for 70% of the company. This deal has been challenged by Dish Network but the outcome would still be determined by the shareholder vote.
Sprint itself is in another battle with Dish Network, this time for Clearwire Communications.
The main issue would be shareholders vote on these two separate albeit connected transactions. Sprint shareholders would be voting on the Softbank offer by Wednesday this week. This vote though may be postponed to complete the review of the Dish offer for Sprint amounting to US$25.5 billion. On the other hand, Clearwire shareholders would be voting on the offer by Sprint as against the offer by Dish Network for Clearwire. The difference between the two is that the Dish offer for Clearwire is at US$4.40 per share while Sprint's offer is at US$3.40 per share.
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