Softbank says its Sprint offer is superior

News Wireless United States 17 APR 2013
Softbank says its Sprint offer is superior
Japan's Softbank believes that its deal with Sprint offers shareholders "superior short and long term benefits" compared to Dish's proposal. US pay-TV provider Dish Network recently launched a rival takeover offer for mobile operator Sprint Nextel. Dish is offering a total USD 25.5 billion for Sprint, versus around USD 20 billion under Softbank's offer. In a statement, Softbank called Dish's offer "highly conditional" and said that its own transaction is in the advanced stages of receiving necessary approvals and that it expects it to go through on 1 July this year with the terms already agreed.

Categories:

Mobile

Companies:

Sprint Nextel,  Softbank,  Dish Network

Countries:

United States

Tags:

Wireless, M&A buyouts & divestments

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