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Dish Network Corp Seeks More Time To Fight Sprint Nextel Corp's Softbank Corp, Clearwire Corp Deals-Reuters


Friday, 21 Dec 2012 05:17pm EST 

Reuters reported that Dish Network Corp has asked the U.S. telecom regulator for more time to file an objection to wireless service provider Sprint Nextel Corp's proposed sale of a controlling stake to Japan's Softbank Corp due to Sprint's announcement this week of a plan to buy out Clearwire Corp. The request may indicate that satellite television provider Dish is gearing up for a fight with Sprint over its plan to sell a 70% stake to SoftBank for $20 billion. Dish, which recently gained regulatory approval to build its own wireless service, told the Federal Communications Commission in a document dated December 20 that it wants a three-week extension to the FCC's January 4 filing deadline for petitions against the Softbank deal, which was announced in October. Earlier this week, Sprint, which owns 50.45% of Clearwire, said it agreed to buy the rest of Clearwire for $2.2 billion, in a deal that would be conditional on the success of the SoftBank purchase. 

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