More money for Sprint, a potential life-saver for DISH Early Monday morning, satellite TV innovator DISH Network threw a monkeywrench into Softbank’s plans to acquire a 70 percent interest in Sprint. It did so by offering a 13 percent premium o…
DISH’s bid for Sprint is a good one all around
More money for Sprint, a potential life-saver for DISH Early Monday morning, satellite TV innovator DISH Network threw a monkeywrench into Softbank’s plans to acquire a 70 percent interest in Sprint. It did so by offering a 13 percent premium o…
Dish Network Looks To Acquire Sprint For $25.5 Billion
Satellite TV provider Dish Network is looking to derail Sprint’s deal with SoftBank and acquire the carrier with a $25.5 billion bid. Dish has offered $17.3bn in cash and $8.2bn in stock for 100% of Sprint shares, and the company argues that the deal represents a 13% premium over SoftBanks “complicated” bid to acquire 70% for [...]
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Sprint may remain US-owned as Dish makes counter-offer
The FT reports that US satellite TV company Dish has made a counter-offer to the take-over bid launched last year by Japanese telecoms giant Softbank. Dish is offering shareholders $7 in cash (versus $4.03 in Softbank’s offer), and claims that the overall offer of cash plus shares is worth 13% more than the proposed Softbank [...]
DISH Network gives Sprint a $25.5 billion offer
Satellite provider outbids Japan’s Softbank by $5 billion
DISH Network and Sprint this morning announced that the satellite TV operator has submitted a bid worth $25.5 billion, very likely scuttling the $20.1 billion deal proposed last fall by Japan’s Softbank.
DISH’s proposal — $17.3 billion in cash and $8.2 billion in stock — would give Sprint shareholders $7 per share (actually, a mix of $4.76 in cash and the rest in DISH stock), based on the April 12 closing price. Sprint would then have access to some 45 MHz of spectrum.
The two companies have set up a joint microsite for the process, touting that “this combination will create an industry-leading spectrum portfolio and the only company that can offer customers a fully integrated, nationwide bundle of in- and out-of-home video, broadband and voice services.
There’s a conference call set for this morning to break it down even further. We’ll be kibitzing.
Source: CompleteDishSolution.com
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Sprint, DISH Network plan to merge in $25.5 billion deal
Satellite provider outbids Japan’s Softbank by $5 billion
Sprint this morning made the news official — it intends to merge with satellite TV operator DISH Network in a deal with $25.5 billion, likely scuttling the $20.1 billion deal proposed last fall by Japan’s Softbank.
DISH’s proposal — $17.3 billion in cash and $8.2 billion in stock — would give Sprint shareholders $7 per share (actually, a mix of $4.76 in cash and the rest in DISH stock), based on the April 12 closing price. Sprint would then have access to some 45 MHz of spectrum.
The two companies have set up a joint microsite for the process, touting that “this combination will create an industry-leading spectrum portfolio and the only company that can offer customers a fully integrated, nationwide bundle of in- and out-of-home video, broadband and voice services.
There’s a conference call set for this morning to break it down even further. We’ll be kibitzing.
Source: CompleteDishSolution.com
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Dish Network said to be interested in merger with T-Mobile
Dish Network’s (DISH) Chairman Charlie Ergen is said to have “informally approached” T-Mobile’s parent company about a possible merger deal, according to a report from Bloomberg. The company is said to be interested in a deal with the carrier so it can bundle wireless service with its satellite TV offerings. Dish’s proposal reportedly came at around the same time Deutsche Telekom was looking to sweeten its offer for MetroPCS. Deutsche Telekom is said to be considering the merger, though only after the deal with MetroPCS is complete and after verifying that Dish won’t subsequently pursue a similar deal with Sprint (S).
Clearwire borrows $80 million from Sprint but still flirts with Dish
Who knew that the greatest love triangle of the decade would involve the mobile industry’s own Bella Swan, Clearwire? The network provider has accepted an $80 million loan from nailed-on suitor and sparkly vampire, Sprint, but Clear is still ponderin…
Clearwire borrows $80 million from Sprint but still flirts with Dish
Who knew that the greatest love triangle of the decade would involve the mobile industry’s own Bella Swan, Clearwire? The network provider has accepted an $80 million loan from nailed-on suitor and sparkly vampire, Sprint, but Clear is still ponderin…
FCC gives Dish’s proposed LTE network a thumbs up
The Federal Communications Commission this week took a big step toward expanding competition in the wireless market by granting Dish Network (DISH) a license to use a 40MHz chunk of satellite spectrum on the 2GHz band for terrestrial LTE-Advanced services. But Engadget reports that although the FCC gave Dish’s proposed LTE network a thumbs up, the company was not fully satisfied with some of the commission’s other decisions, including one that will auction off a valuable chunk of spectrum that Dish would prefer remain unoccupied because it might interfere with its LTE services. All the same, Dish senior vice president and deputy general counsel Jeff Blum praised the FCC for taking “an important step toward facilitating wireless competition and innovation, and fulfilling the goals
