Softbank says Dish offer for Sprint 'illusory'

Apr 30, 2013 by Peter Svensson

The CEO of Softbank, which is trying to buy a majority ownership in Sprint, says a competing bid from Dish is based on "incomplete and illusory" numbers.

Dish Network Corp. has characterized its $25.5 billion bid for Corp. as superior to Softbank's. In a presentation Tuesday in Tokyo, . CEO Masayoshi Son said the comparison is not "apples to apples" and omits crucial factors.

Softbank agreed in October to buy 70 percent of Sprint for $20.1 billion. That deal is set to close July 1. Dish launched its competing bid for all of Sprint two weeks ago. A committee of Sprint's board is examining it.

view Dish's bid as superior. Son says Softbank's deal is worth 21 percent more than Dish's, all factors considered.

Explore further: Why the SIM card has had its day

5 /5 (1 vote)
add to favorites email to friend print save as pdf

Related Stories

Dish Network makes $5.15B bid for Clearwire

Jan 08, 2013

Wireless network operator Clearwire, which agreed to sell itself to Sprint in December, says satellite TV provider Dish Network Corp. is offering to buy the company for $3.30 per share, or $5.15 billion.

Dish Network offering to buy Sprint in $25.5B deal

Apr 16, 2013

Dish Network Corp. is trying to snag U.S. wireless carrier Sprint Nextel away from Japan's Softbank Corp., the latest sign that satellite dishes are losing their relevance in the age of cellphones that play ...

Recommended for you

Why the SIM card has had its day

Mar 05, 2015

The small microchips known as "subscriber identity modules" or SIM cards that are required for mobile phones to log on to a phone network will soon be 25 years old. While mobile phones and network technology ...

The UK doesn't yet need net neutrality regulations

Mar 04, 2015

The net neutrality debate in the US has ended, at least for now, with the Federal Communications Commission ruling for stricter regulation of telecoms and internet service providers (ISPs) in order to maintain ...

Italy adopts plans to shift into Internet fast lane

Mar 04, 2015

Italy's government adopted a six-billion-euro plan Tuesday to modernise its Internet network and improve access to broadband in hopes of shedding its reputation as one of Europe's online laggards.

Phone firms and the quest for the 5G Holy Grail

Mar 03, 2015

Lightning-quick downloads, driverless cars and remote surgery: telecom firms are racing to develop a new generation of "5G" mobile networks that could start to change the world in five years.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.