Sprint to listen to Dish offer

May 21, 2013

Wireless company Sprint Nextel Corp. says it can now let Dish Network Corp. see its books and talk with Dish to see whether its competing offer to buy Sprint is better than its current deal with Japan's SoftBank.

Sprint said late Monday that SoftBank had waived provisions of its deal with Sprint that will allow Sprint to talk with Dish.

SoftBank currently has a $20.1 billion deal with Sprint to buy 70 percent of the company. Dish last month offered $25.5 billion for the whole company.

Softbank says it brings expertise and cash to Sprint. It says it still wants to close its deal by July 1.

Many Wall Street analysts view Dish's bid as superior but risky, as it will result in a combined company with high debt.

Explore further: Amazon loss widens despite climbing sales

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Dish's Ergen says Sprint debt manageable

Apr 16, 2013

Dish Network's combative chairman, Charlie Ergen, is defending his $25.5 billion bid for Sprint Nextel, saying the debt load the deal would create for the combined company will be manageable. ...

Recommended for you

Nokia profits rise after sale of handset division

19 hours ago

(AP)—Telecommunications and wireless equipment maker Nokia Corp. saw its shares surge on Thursday after it reported higher profits and an improved earnings outlook in the wake of its sale to Microsoft of its troubled handset ...

Swiss drug maker Roche posts 7 percent profit drop

22 hours ago

(AP)—Swiss drugmaker Roche Holding AG on Thursday posted a net profit drop of 7 percent compared with a year ago, weighed down by a strong Swiss franc and charges from one of its diagnostic units.

Cheaper wireless plans cut into AT&T 2Q profit

Jul 23, 2014

(AP)—AT&T Inc. on Wednesday posted lower net income for the latest quarter due to cheaper cellphone plans it introduced as a response to aggressive pricing from smaller competitor T-Mobile US.

User comments : 0