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  • Dish May Steal Sprint Away From Softbank


    On Monday, news came to light that U.S. satellite television provider Dish has put forward a $25.5 billion bid for Sprint Nextel.

    Should Dish absorb the nation's fourth largest carrier, it would come as a significant and largely unexpected loss to Japanese communications firm Softbank, which had been considering a $20.1 billion investment in return for a 70% stake in Sprint.

    It was also the boldest step yet by Dish Chairman Charlie Ergen, who has bought billions of dollars worth of wireless spectrum in the last few years and has been seeking some sort of deal to make use of the airwaves.
    “This is the culmination of a lot of years of work. Whether it be the purchase of spectrum, entering auctions, the acquisition of Sling Media, all those things come together now with the merger with Sprint,” Ergen told reporters today.

    According to several industry analysts speaking with Reuters, the effort by Dish to merge with Sprint could spark a huge bidding war with Softbank.

    Source: Reuters
    This article was originally published in forum thread: Dish May Steal Sprint Away From Softbank started by Michael Essany View original post
    Comments 5 Comments
    1. unison999's Avatar
      unison999 -
      Please let Dish get this, there is so much more potential for growth for both companies with the merger.
      Softbank taking over Sprint the company would still do the things it is doing now, soon after it will be up for auction.
    1. D3@TH's Avatar
      D3@TH -
      Maybe Dish could help improve Sprint with signal and all
    1. GuiltyGearIsaac's Avatar
      GuiltyGearIsaac -
      Quote Originally Posted by D3@TH View Post
      Maybe Dish could help improve Sprint with signal and all
      Didn't soft bank pretty much did that? I really enjoy sprints lte network here in Houston.
    1. Perceptum's Avatar
      Perceptum -
      Quote Originally Posted by unison999 View Post
      Please let Dish get this, there is so much more potential for growth for both companies with the merger.
      Softbank taking over Sprint the company would still do the things it is doing now, soon after it will be up for auction.
      How do you know?
    1. Jrsrusty's Avatar
      Jrsrusty -
      To all the NASCAR fans out there, the sound of "The NASCAR Dish Network Series" sounds too fictional lol.