That certainly has made things interesting. I think most everyone thought that Dish going after Clearwire wasn't a great idea for Clearwire in the long run but I don't see how Sprint can ignore the offer.
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They are just making softbank pay more.. i dont understand Dish's vision for this type of merger. it wont work... i mean they do get 60 or whatever percentage of clearwire as part of the deal but i still dont understand this vision. doesnt make sense to me.
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I don't think anyone really knows what Dish really envisions, at least not at this point.
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I dont think even dish knows.
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Dish is flush with cash and they want to offer "bundles." That's the official answer. The unofficial answer is they're flush with cash and they want a new toy.
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Dish is actually not flushed with cash- they are using $9b (loan) to help finance this deal. They will have more than $40b in debt. That's a lot for a crappy cell phone carrier and even worse sat provider.
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those numbers are after buying Sprint, right now they have 10b in cash, i agree they are bored and want a new car to park in the garage and drive on sundays.
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they have about $7b in cash, $11.8 billion in debt. (before going into this transaction). They also are floating another $2.8B bond. So for a company that has a lot of cash- they truly dont. The good thing with mergers is that you can combine the companies' balance sheet (assets and liabilities) but still $40B+ in debt for a company that isn't very good- not a great sign.
Sprint has around $6B and $20B in debt.
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Isn't DirecTv a bigger satellite tv company than Dish?
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Yes, they are a way bigger company.
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Sooo, on another topic, what do you think about this???
Unlimited tlk/txt/data/insurance + extended warranty + taxes $111/mo on T-Mobile
Including the $20/mo for. . .the **Galaxy S4**
I'm borrowing a MyTouch 4G from a friend and getting a $30 prepaid service plan to test drive Tmo's network,
my contract with Verizon is up May 20, I will keep my phone number, and Unlimited Data until May 20 before I decide to port my number to T-Mobile and say goodbye to Verizon.
Your thoughts? I currently have the Samsung Droid Charge, so the S4 would very a really, really big upgrade for me, to keep Unlimited Data on Verizon I would gave to pay a finance charge for the device payment plan, so greedy slug finance charges on T-Mobile. . .
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Dish doesn't seem to be in very good shape, $20bln less in revenue than Sprint, and they have to take out a loan just to but Sprint.
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By buying sprint they will acquire as well a big portion of clearwire which means lots of spectrum. I'm pretty sure Dish will know how to make good use of it.
They are risking a little bit too much by taking their chances, though, I think that the deal represents an unique opportunity for them to grow enormously in a relatively short period of time.
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It not making sense to you is exactly why stockholders should leave business decisions to CEOs, and visionaries. Maybe they can envision how they see their business in 5yrs, and how Sprint can play a role in that vision.
Stockholders only have visions of money, not where the wireless industry is heading 5yrs from now.
If stockholders had vision, they wouldn't be investing in banks so heavily and see that the federal reserve is artificially printing $85bln/mo, and that the stock market is artificially in record territory. Consumer spending, and consumer confidence can't support the direction the stock market is heading. It's all artificial.
People lacking vision is exactly why things should be left to those who are actually responsi...
(continues)
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not exactly- majority of shareholders perhaps but a minority of them like myself, Carl Icahn and them know about the business and the vision ahead.
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