Seven offer extra $65 million Unwired bid

Posted in: OptusNet, UncategorizedTags: optusnet, Seven Network, Unwired, WiMAX

Seven Network has come to the Unwired party offering an extra $65 million for a takeover. The revised amount is on top of the recent $127 million bid for the wireless network. As speculation grows over an Optus counter bid, Seven has upped the ante and increased its share offer by an extra 5 cents in the hope of fast tracking a deal.

In its Bidder’s Statement released on Friday evening, Seven urged Unwired shareholders to accept the bid, warning their holdings will be seriously diluted if the company sought the estimated $200 million needed to build its planned WiMAX wireless network.

Read the entire article at TheAge.com.au

No Comments

Start the ball rolling by posting a comment on this article!

Seven to acquire Wireless Broadband Provider Unwired
The Seven Network is currently in the process of taking over wireless broadband provider ‘Unwired’ in a transaction that’s believed...
Unwired now listed at Broadband Guide
Broadband Guide is pleased to announce the introduction of ‘Unwired’ into our Broadband Product comparison list. Unwired was estbalished back...
Seven Network delve into wireless Broadband
Seven Network is potentially on the verge of operating it’s own wireless Broadband network after purchasing shares to the value of $9.5...
Unwired National Network Next Year
Wireless internet company ‘Unwired’ plans of deploying a national WiMax network in all metropolitan areas have taken a nose dive...
Seven takes over Unwired
The Seven Network has now acquired wireless Broadband Provider ‘Unwired’ after cruising past a mandatory 90% acceptance level thus paving...