video transcript

They Softbank wants to buy US open carry a sprint for about 22 billion dollars. That was a rival bid on the table from DISH Network -- company. He is this that he's not gonna raise that -- so that ought to clear the way for the softening device Brent everything we done that rope not quite that's what. Yes it's a very complex situation is what's happened is dish is actually also made a bid for Clearwire. Clearwire is it its subsidiary sprint sprint owns about including some shares of our recently from some other companies and then about two thirds of Clearwire excellence inspection and there -- a lot of spectrum which is which is higher than a dollar means it's it's it it. People aren't quite sure it's worth a lot or not so much at all and what happened with dishes dish has Specter it's its own it bought some special from satellite companies now it's it's it's got the permission from regulators to make it four -- teaser for a cellphone usage. Promise it hasn't done anything with it and so did you what does -- want to do -- -- -- doesn't wanna flip it doesn't want to. -- develop because and it has developed within four years is not clear that this is gonna buy sprint now but this could still be trying to buy. Clearwire and luckily it wasn't as -- business and also to China also -- that we see some inspections I will go off sprint. That's leading to the civil go often -- -- said he thought -- -- majority and buying. The guys you just -- to it's strange deal to work with what is what he's probably doing -- -- -- -- arrogance and military and Aikman it is AT&T is that -- in the it seems that he's trying to make him such -- such a pain that they have to deal in the afternoon making go away by perhaps buying a spectrum or doing some sort of agreement where they. They get some sort of cooperation communion and they get the spectrum from dish in the -- and -- he's got a bit of a heads up on the stay -- -- -- that the folds of Clearwire. Has voices has told invests is that it's a good deal to -- I think he's -- They often wolf's full -- forty minutes total more than it than Sprint's offering beneath Huntsman sort of increase the often. However that problem is that -- is offers very conditional conditional on him getting 25% in the same as -- -- -- was just -- there yet for Clearwire had 25% -- that that's a pretty big stake if sprint already owns about two thirds of it cannot quite. Blocking rights. In other words is this a real offer -- it's not entirely sure it. Biggest plus thing as a what does this mean for the holes of -- different element is openly gets spread that is still gonna have to do with. It just means and not to have more money arrival they must present some comments relationship it's not the end of the world but its hobby also finds that living units of -- this. This is little little guerrilla war and it does its act together just legislate in the -- some point somehow will pay as rob Simon on the example in the informant. If you oaks where extra money -- an agreement with someone else next spectrum. -- -- -- Particularly that that will be watching this big deal and we'll have -- -- -- tomorrow.