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Breakingviews: Sprint hype

Monday, April 15, 2013 - 02:45

April 15 - Richard Beales and Robert Cyran discuss Dish Network's $25.5 billion bid for Sprint, and what it says about enigmatic Dish boss Charlie Ergen.

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So we have a momentum and they today one of the big deals. It is dish and it was offering 25 and a half billion those full sprint. A rival bid to message -- sound Softbank which opened about twenty billion for about 70% of sprint. Before that Somalia Reagan wrote the man behind disability -- really is known for being cheap enigmatic and -- Yeah this thing -- -- against. Ask if there's ever been wondering what is Charlie -- -- he's been he bought a bunch of satellite spectrum. From bankruptcy on the cheap and they're reporting it what's he gonna it was a pay TV -- -- -- TV companies -- just that spectrum which is good for cellphones basically it. And ever knows that he TV unity I can get from satellites and future probably an Internet connection reverently when he went to get into it. And now this seems to be what he's going to do it isn't sitting -- was too -- -- -- news. -- which isn't which was -- -- this -- -- whisper yes sprint. It's trying to buy Clearwire and they are their most the way they're hurting -- and try to upset them right -- wire it's about perspective. -- -- is also runs like what is China can -- and his only explanations today really has been I'm following a sign held strategy in other words there are lots of stress coming here. You have to wait till the very into the shadowed figure out what's happening right and we seem to be getting close to that but this but this 25 point five billion -- However. It doesn't seem to shareholders really like it additions crosses the systems is -- -- senators on the other number that. Cooler by having -- visionaries communities and as you can honestly justify everything bit. He's got this massive number in his press release for 37 billion determination of costs that the president values. But it cost savings and new revenue yen in other words it dish by sprint. 37 billion values and we -- generates it. Most of that however. 24 billion is is revenue synergies in other words that it is suddenly people are gonna just love this business on Monday that they couldn't find some block there and gets his visit is alive. Broad band in the same proven provider on the sofa and ends in the coastal urban guerrillas made exactly and isn't it great you are coming from. So if you're -- it's rather easy to pick a number between four billion -- -- but this probably is is is is they needed a bit height to sell the story because. -- dish networks is about. It's worth less than twenty billion had been -- -- us to the drugs the small it can get it's it's smaller it's wants to buy -- company doesn't have any financing lineups are having an idea what they have to have a little by the hype full of excitement and that's one way to do it. Okay we'll leave -- then we will keep balance the again with the rule breaking news tomorrow.

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Breakingviews: Sprint hype

Monday, April 15, 2013 - 02:45