Dish asks FCC to postpone review of the Sprint-Softbank deal

Dish asks FCC to postpone review of the Sprint-Softbank deal
With the Sprint Board of Directors deciding to look at Dish Network's $25.5 billion offer to buy the carrier, the satellite television content provider is asking the FCC to hold off on reviewing Softbank's $20 billion offer for 70% of the carrier. Dish is requesting the delay so that Sprint's Board can decide which deal to back. Either deal could help raise Sprint's place in the mobile industry from a non-competitive third place to a company with the wherewithal to challenge second place AT&T and even make a run at top ranked Verizon.

This isn't the first time that Dish has asked the FCC to hold off on a review of Softbank's deal. Back on January 16th, the satellite television company asked the FCC to delay its examination of the Softbank deal because of Sprint's attempt to buy the remaining shares of network wholesaler Clearwire that it doesn't already own. FCC Chairman Julius Genachowski has already gone on record as saying that he expected the original Softbank deal to close next month. The delay would help Dish gain more traction for its bid.

Genachowski has in the past, expressed hope that Dish would become a wireless carrier to add competition to the business. The agency has already approved Dish's request to use some of the spectrum originally designed for its satellites, to be used for cellular communications.

source: Bloomberg

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8 Comments

1. a_merryman

Posts: 749; Member since: Dec 14, 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: 1043; Member since: Apr 11, 2012

Man!, I agree 100% with you..go with softbank, not Dish!!.... smh

3. ZeroCide

Posts: 816; Member since: Jan 09, 2013

DOWN WITH DISH!!!!! DOWN WITH DISH!!!!!

8. JEverettnow

Posts: 228; Member since: Mar 11, 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: 1461; Member since: Mar 09, 2010

Absolutely with dish we will end up just like Verizon, or even AT&T.

5. sp_5015

Posts: 6; Member since: Apr 16, 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: Jun 29, 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: Dec 22, 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....

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