Dish asks FCC to postpone review of the Sprint-Softbank deal
0. phoneArena 19 Apr 2013, 10:28 posted on
Dish Network, whose $25.5 billion bid for Sprint is now before the carrier's Board of Directors, has asked the FCC to hold off on approving Softbank's offer to buy 70% of the nation's third largest carrier until Sprint's Board makes a decision on which transaction it is going to back Dish has been seeking an entry into the wireless market and if Dish is successful, the purchase of Sprint will accomplish that..
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1. a_merryman (Posts: 749; Member since: 14 Dec 2011)
Please god no, just pass the Softbank deal...It's a better deal for Sprint and will allow them to even more quickly upgrade their network, instead of delaying an already cash-strapped company.
2. MartyK (Posts: 730; Member since: 11 Apr 2012)
Man!, I agree 100% with you..go with softbank, not Dish!!.... smh
8. JEverettnow (Posts: 224; Member since: 11 Mar 2013)
Dish and Sprint are in major debt. Dish has to borrow 9 billion to make this deal go through. Dish's revenue was 14 billion last year while sprint was 35.3 billion. Dish has no idea how to run a cellular network and has no history of doing so.
Softbank has a track record of turning around failing companies. The softbank deal if canceled causes sprint to lose 4 billion. This makes Dish's proposal only 1 billion more. Softbank is better for long term profit as they will pull sprint out of debt and create a competitive network which in turn will make it more profitable for shareholders and better for the customer. Also, it will make it much easier on us employees of Sprint.
4. QWIKSTRIKE (Posts: 953; Member since: 09 Mar 2010)
Absolutely with dish we will end up just like Verizon, or even AT&T.
5. sp_5015 (Posts: 5; Member since: 16 Apr 2013)
I was wondering about that, and that is my fear. I would go to T-Mobile so fast it would make your head spin
6. derrph (Posts: 6; Member since: 29 Jun 2012)
IF Sprint decided to go with Dish I promise you Ill go to T-Mobile so fast it wont be funny because they have good service where I am at. I believe Softbank will the better option and not some cable company that is just looking to buy anything. I think that they will hurt sprint more than help them. There will be them stupid bundle plans with cable and crap and aint not one got time for that lol. Time will just have to tell with this mess right here.
7. DonLouie (Posts: 594; Member since: 22 Dec 2008)
For some reason I'm thinking that Dish is running a screen for Verizon or AT&T, trying to make sure this deal fall through so Sprint is in an even worse situation than it is now. I don't believe Dish has any other plans than to acquire assets with no real plan to build it up....