The shareholders at Clearwire approved the buyout bid from Sprint Nextel to acquire more than 49% of the company that it does not own on Monday.
Telecommunications
Swordfish-iPont Merger Expected To Generate Huge Profits
Swordfish Financial merger with iPoint expected to generate huge profits Swordfish Financial Inc announced that their merger with iPoint are expected generate huge profits for both companies.
Tech Valley telecom gets new debt facility from GE Capital, Webster
Telecommunications company Tech Valley obtains new debt facility from GE Capital along with Webster Bank.
MTN Deal Talks With Reliance Communications Put On Hold
MTN Group Ltd. stalled its talks with Reliance Communications Ltd. due to India's current revision of rules on mergers and acquisitions.
SPH Announced Plans To Raise US$409 Million Through REIT
Singapore Press Holdings announced their plans to raise S$523 million through REIT Singapore Press Holding Ltd expressed their plans to raise at least S$523 million or US$409 million through the spinning off of some of its property assets through a real estate investment trust.
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Data Device Corporation, Behrman Capital's unit, bought National Hybrid Inc. from API Technologies Corp. for US$32.5 million.
US Federal Communications Commission has approved Softbanks' US$21.6 billion acquisition deal for Sprint.
Scale mattered in recent TV deals. On Monday, the fresh-out of bankruptcy Tribune Company, bought 19 stations from Local TV Holdings. This deal amounted to US$2.
Reliance Communications would be listing its real estate business into a separate unit. The Reliance Communication of India has announced it would be spinning off its real estate business to a separate unit.
ProSiebenSat.1 owners, namely KKR and Permira, are seeking to either sell off shares or sell the whole firm to another media outfit.
The FCC approved Sprint's acquisition of Clearwire and SoftBank's investment on Sprint. After a unanimous vote, the Federal Communications Commission announced that it approved the transactions between SoftBank Corp, Sprint Nextel Corp.
Telediffusion de France SAS was selling its French tower for US$5.1 billion. Telediffusion de France SAS' private equity owners were seeking higher than Eur4 billion, which is equivalent to US$5.
Comcast Houston forecast soaring ratings from Dwight Howard's move to the Houston Rockets Los Angeles Laker Center's Dwight Howard's decision to move for the Houston Rockets signifies a victory for Comcast Corp against Time Warner Cable Inc.
Softbank joins the US wireless market after FCC approval for Sprint bid. Softbank Corp is now in the running to provide American with wireless and broadband telecommunication services.
