Thursday, 13 December 2018

Dish makes sense of 'Seinfeld' strategy with $25.5bn Sprint bid

By Mary Lennighan, Total Telecom
Monday 15 April 13

U.S. satellite operator submits counter-offer for mobile player; plans to use spectrum holdings to offer fixed wireless broadband.

Dish Network's $25.5 billion counter-offer for U.S. mobile operator Sprint Nextel makes sense of the satellite company's recent growth strategy and it is working hard to convince Sprint shareholders and the country's regulators that it makes sense for them too. Dish on Monday tabled a bid made up of $17.3 billion in cash and $8.2 billion in stock that exceeds the $20.1 billion takeover deal agreed by Japan's Softbank for Sprint in October last year. In addition to upping the purchase price, Dish's proposal would see Sprint shareholders take a larger stake in the combined company – 32%…

Dish Network's $25.5 billion counter-offer for U.S. mobile operator Sprint Nextel makes sense of the satellite company's recent growth strategy and it is working hard to convince Sprint shareholders and the country's regulators that it makes sense for them too. Dish on Monday tabled a bid made up of $17.3 billion in cash and $8.2 billion in stock that exceeds the $20.1 billion takeover deal agreed by Japan's Softbank for Sprint in October last year. In addition to upping the purchase price, Dish's proposal would see Sprint shareholders take a larger stake in the combined company – 32%…

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