Softbank tells banks that if they finance Dish, they won't get the business for the Alibaba IPO
0. phoneArena 11 May 2013, 00:22 posted on
If you've been following what has been happening with Sprint, you know that the nation's third largest carrier is on the receiving end of two offers, one from Japan's Softbank which is offering $20.1 billion for 70% of the company, and the other from Dish Network which is seeking to buy the entire company for $25.5 billion...
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1. Droid_X_Doug (Posts: 5993; Member since: 22 Dec 2010)
Hahaha. Sounds like SoftBank is attempting to play a bit of hard ball. I guess how effective their ploy is will depend on how much the bank(s) would make financing Dish vs. Alibaba.
2. KFear (Posts: 142; Member since: 06 Feb 2012)
I hope it's Softbank. The buyout will mean a lot of good international rates and enough dough for them to GREATLY improve their network. If they keep unlimited data and offer better coverage in suburban areas, Sprint will start to look better than Verizon when it comes to bang for your buck.
3. kozza3 (Posts: 697; Member since: 17 Oct 2012)
i think it might take a little more time than you think to bolster up Sprint's network. Seriously, it was one of the worst experiences of my life having to deal with all those dropped calls and "3g" speeds. plus, CDMA is going away, it's like they will have to build an entire new network. the only reason Verizon is still top dog is because they were able to launch so much LTE so fast.
4. MartianMe (unregistered)
damn this is dirty business ....fucc corporations all over the world.
5. tedkord (Posts: 9650; Member since: 17 Jun 2009)
d**ks. Now I hope that not only does Dish win, but that these same banks refuse to finance anything for Softbank ever again.
9. jcarrigan (unregistered)
I hope softbank gets it because dish is noyl in it to rake in the small but earnest profits from sprint and are not going to put any real money into improving sprint whereas softbank actually wants to improve sprint for everyones profit. besides softbank only wants 70% control at that much money and dish wants full control with obnly a couple billion more, sounds like a rip off with what dish is proposing. id be more willing if verizon bought sprint(itll never happen but if it did, then it would sound much better then that crappy dish company controlling a cellphone company"
11. JEverettnow (Posts: 225; Member since: 11 Mar 2013)
Softbank has the resources to revamp the Sprint network and be more competitive in the U.S. market. Softbank also has LTE experience. Dish has no experience in any of this, they carry incredible amounts of debt, and after everything is said and done, the deal isn't that much better than Softbanks. It would be a flop where as Softbank would more than likely save sprint. Dish is dying and this is a last ditch effort to have a foothold in a saturated market.
6. Daftama (Posts: 614; Member since: 03 Nov 2012)
If dish gets it att or vzw here I am come...dish sucks as tv provider it will be no different in the wireless and sprint hasn't made a right decision in its life time the..two negative s don't go together
7. max9777 (Posts: 78; Member since: 11 Dec 2011)
Seems to me if Dish Acquires sprint, it will be another nextel purchase!!
Dish will screw it all up!! What sprint needs now is a major cellphone company player who will help, roll out sprints LTE and Cell phone service faster!
12. a_merryman (Posts: 749; Member since: 14 Dec 2011)
I know, if only there was a large cellular company interested in sprint that had expertise in deploying td-lte in the bands sprint plans on doing (Clearwire's spectrum).
8. downphoenix (Posts: 3138; Member since: 19 Jun 2010)
Softbank is the best bet. I hope that the Sprint stockholders use their heads (unlike the sprint board of directors that approved the nextel purchases) and go with Softbank, which is a better value for the health of the company. It may not give the stockholders as much money, but it will ensure continued value for them, Dish will just be a quick cash out and they will screw it up.
10. 65048 (Posts: 2; Member since: 09 Jan 2012)
I think SoftBank is the way to go. As a sprint employee dish would be a bad deal for sprint employees. dish already has a structure set in USA that they may layoff more sprint employees then Softbank. Dish will also hurt US economy by job loss they would create as a result of layoff, where Softbank will retain the employees and will make things better. they will put money in U.S economy. it will also be a good deal for Softbank too. U.S gets a lot of japanese visitors and softbank would be able to offer their customers in japan a great deals if they choose to travel to U.S. Win Win on both sides.. Dish is not really a big benefit other then just a package deal of phone, internet and TV but a lot of job loss.
13. jil77 (Posts: 24; Member since: 18 Feb 2010)
I hope sprint and its spectrum remains American company!