Dish Network

Dish gives up their plans to buyout Sprint, but will still focus on their offer for Clearwire

Dish Network has declined to submit a new bid in their on-again, off-again plan to acquire Sprint, and will miss the June 18 deadline. This opens the way for SoftBank to carry out their original plans to buy a significant portion of the U.S. carrier, pending regulatory approval of course.

In a statement released today, Dish says they are unable to submit a bid by the deadline because Sprint has "made it impracticable for Dish to submit a revised offer by the June 18th deadline". The company will consider their other options to strike some sort of a deal with Sprint, and will continue to focus on a separate offer for Clearwire.

Source: All Things D

While Dish continues to see strategic value in a merger with Sprint, the decisions made by Sprint to prematurely terminate our due diligence process and accept extreme deal protections in its revised agreement with SoftBank, among other things, have made it impracticable for Dish to submit a revised offer by the June 18th deadline imposed by Sprint. We will consider our options with respect to Sprint, and focus our efforts and resources on completing the Clearwire tender offer.

With Dish out of the way, the June 25 vote to accept or reject SoftBank's $21.6 Billion takeover should go on as scheduled.

 

 

Reader comments

Dish Network bails on Sprint deal

28 Comments

+1

As someone who has followed this drama since the beginning, I can't wait for Charlie to shut the hell up and move on.

Amen to that! The Charlie Ergen led Dish would have destroyed Sprint for good. With Softbank's cash infusions and know how, Sprint will be on the road to being a true competitor to the "V"/Deathstar duopoly. Now, if Sprint can completely kick Ergen to the curb from Clearwires tail, Sprint could potentially become "top dog" in the future.

Still need the Clearwire deal to crumble though. If somehow Ergen get's enough of Clear, it will screw over and halt Sprint's plans for the customers.

Either the recent lawsuit to block it needs to be done or Softbank needs to up the ante to get rid of Dish once and for all.

I'd like to see Dish get a shot at providing wireless service, but I don't want them to bring down Sprint (or T-Mobile) if they fail. If they get network access in exchange for their spectrum, it might work out.

Posted via Android Central App

Than go with Dish.. I average 22Mbps download on Sprint 4G in my area, at this point I see nothing wrong with Sprint service or their $79.99 @month.

22mbps of unlimited data, lets see u get that on verizon or att.
I just cant wait till sprint gets lte in my area

Yes. Better than T-Mobile's 30-40Mbps spotty coverage, losing signal, I can't leave the city $69.99 plan.

From the DARK AC App!

With no service half the time sure buddy sprint is going to be at its A game you will see

Posted via Android Central App

I live in a city where all carriers have 4GLTE. There are only two carriers with unlimited data for new customers and out of the two T-Mobile is the one that keeps having to switch radio frequencies every block or so.

From the DARK AC App!

There is really only two options for unlimited data and as a Sprint customer I'll take cellular coverage over being able to simply switch out my phone any day.

From the DARK AC App!

Lte is gsm and for those of us, which is most of the country, still stuck on sprints crappy "2g" speeds, T-Mobile is a great solution. I had no more luck outside the big city with sprint as I do with T-Mobile.

Posted via Android Central App

I can't stand Charlie and his lousy Blockbuster owning Dish network. Hit the road, jack.

Posted via Android Central App