Dish abandons Sprint acquisition efforts

Jun 21, 2013 by The Associated Press

Satellite TV operator Dish Network Corp. is officially abandoning its efforts to acquire Sprint Nextel Corp.

The Englewood, Colo., company filed regulatory documents Friday formalizing the retreat it announced earlier this week. The move leaves Sprint free to accept what it considers a superior offer from Japan's Softback.

Dish and Softbank were competing to acquire the wireless carrier since April. Sprint opted for Softbank's $21.6 billion offer for 78 percent of the company, versus Dish's $25.5 billion bid for all of Sprint.

In the filing, Dish said it has abandoned its efforts and plans to redeem $2.6 million in outstanding senior debt.

Dish previously said it will continue to focus on its bid for Clearwire, a wireless network operator in which Sprint has a majority stake.

Explore further: DOCOMO and Huawei confirm LTE network over unlicensed spectrum

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

Related Stories

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.

Dish won't submit revised bid for Sprint

Jun 19, 2013

Satellite TV operator Dish Network Corp. said Tuesday it would not submit a revised bid for Sprint, leaving the path open for the wireless carrier to accept what it already considers a superior offer from Japan's Softbank.

Dish tops Sprint's bid for Clearwire ahead of vote

May 30, 2013

Satellite TV operator Dish Network has raised its bid for Clearwire Corp., valuing the wireless network operator at $6.9 billion, in an attempt to outbid Sprint Nextel Corp. two days before Clearwire shareholders are meeting ...

Recommended for you

Bringing emergency communications together

Aug 21, 2014

A new University of Adelaide research project aims to improve emergency operations through integrated communications systems for police and the emergency services.

For top broadband policy, look no further than Canada

Aug 20, 2014

You might have seen communications minister Malcolm Turnbull raising the issue about Australian press not discussing policy problems and solutions from overseas, in a speech delivered at the Lowy Institute Media Awards last week: ...

Cities, states face off on municipal broadband

Aug 19, 2014

Wilson, N.C., determined nearly a decade ago that high-speed Internet access would be essential to the community's social and economic health in the 21st century, just as electricity, water and sewers were in the previous ...

New loss mechanism for global 4G roaming

Aug 19, 2014

A loss mechanism that has not been an issue in previous mobile handset antennas will become important for global 4G roaming, according to results of experiments carried out in Aalborg, Denmark.

User comments : 0