Dish Seeks to Halt FCC Review of Sprint-Softbank Deal
Dish Networks today filed a request with the Federal Communications Commission asking it to pause its review of Softbank's proposed equity acquisition of Sprint. Dish wants issues concerning its competitive bid for Clearwire to be resolved first. Last year, Softbank, Japan's second-largest wireless network operator, proposed to purchase a 70% stake in Sprint for about $20 billion. Hoping to simplify terms of the deal, Sprint later proposed to acquire the remainder of Clearwire, in which it already holds a majority stake, for $2.97 per share. Dish Networks threw a wrench into Sprint's plans by making its own bid for Clearwire last week, offering $3.30 per share. According to Dish, "With competing offers for Clearwire in place, premature Commission evaluation of Sprint’s initial offer could undermine the Commission’s policy objective of neutrality in takeover contests by giving SoftBank and Sprint a very real advantage in the corporate valuation process." Dish has been looking for a way to enter the wireless network market for years, and is hoping a deal with Clearwire could make that happen.
Japan's SoftBank to Buy UK's ARM for $32 Billion
Jul 18, 2016
SoftBank today announced plans to buy ARM Holdings for $32 billion. SoftBank runs one of Japan's largest wireless networks and is the parent company of Sprint in the U.S., while ARM designs and licenses the Cortex-branded mobile processors often found in today's smartphones and tablets.
SoftBank Looking to Raise $18B with Wireless Unit IPO
Jan 15, 2018
SoftBank Group, the parent company of Sprint, is weighing whether or not to offer shares in its own Japan-based wireless company. Under the direction of CEO Masayoshi Sun, SoftBank has transformed itself in recent years into an investor in technology companies.
SoftBank, Sprint Majority Owner, to Split In Two
Mar 7, 2016
SoftBank today revealed a plan to separate itself into two separate companies, one for its Japan-based carrier business and another for its international operations, including Sprint. SoftBank's domestic business unit, which includes investments in Yahoo Japan, will be run by Ken Miyauchi.
T-Mobile and Sprint Officially End Merger Talks
Nov 4, 2017
T-Mobile and Sprint today said they have ceased talks to merge into a single entity. The companies said they could not find mutually agreement terms.
Dish's Designated Entities Give Up 197 Spectrum Licenses
Oct 2, 2015
Northstar Wireless and SNR Wireless LicenseCo surrendered 197 AWS-3 spectrum licenses and paid a $413 million fine to the FCC for defaulting on their $3.3 billion payment. Dish Networks participated in this year's auction through Northstar and SNR.
it's so obvious