Dish Network Corp Makes National Security Argument For Sprint Nextel Corp Offer; Asks To Suspend Review Of Proposed Sprint Acquisition To Softbank Corp-Reuters

Thursday, 18 Apr 2013 02:41pm EDT 

Reuters reported that Dish Network Corp is asking U.S. regulators to suspend the review of the proposed acquisition of Sprint Nextel Corp to Japan's Softbank Corp, saying its own counter-bid would be preferable for U.S. national security reasons. Dish in the past has asked the Federal Communications Commission for such a suspension, but in a filing posted online on Thursday, the satellite TV provider reinforced the request with arguments promoting its own, unsolicited $25.5 billion bid made for Sprint on Monday. Sprint's board, which previously agreed to the SoftBank offer, is now studying the Dish offer. In the filing, Dish touted the premium its bid would offer Sprint shareholders and also pointed to SoftBank's foreign origin, saying that the Japanese company lacked the existing in-market infrastructure, among other things. 

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