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Dish Network Corp's $25.5 Billion Sprint Nextel Corp Bid May Force Others To Act-Reuters

Tuesday, 16 Apr 2013 12:27am EDT 

Reuters reported that Dish Network Corp, on Monday offered to buy wireless service provider Sprint Nextel Corp for $25.5 billion in cash and stock, a move that could inspire other telecoms or video companies to consider their own prospects of combining. Dish’s offer could trump a proposal in October by Japanese wireless operator Softbank Corp to buy 70% of Sprint for $20.1 billion. Unlike SoftBank, which is only proposing an investment in Sprint, Dish is promising to bring customers technical benefits - the ability to watch video anywhere, anytime through a combination of its satellite service with Sprint’s wireless network. It is the boldest step yet by Dish Chairman Charlie Ergen, who has spent billions of dollars on wireless spectrum in the last few years and made a counteroffer to a bid by Sprint for Clearwire Corp, a spectrum-rich wireless company majority-owned by Sprint. 

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27 Feb 2015