Arab Today, arab today dish makes play for sprint
Last Updated : GMT 08:29:16
Arab Today, arab today
Arab Today, arab today

Dish makes play for Sprint

Arab Today, arab today

Arab Today, arab today Dish makes play for Sprint

Littleton - UPI

U.S. television carrier Dish Network Corp. said it made a $25.5 billion offer to buy Sprint Nextel Corp. as a bid to jump quickly into the wireless industry. \"We felt like we needed to act now,\" said Thomas Cullen, Dish\'s executive vice president for corporate development. The bid from Dish includes $4.76 per share in cash and $2.24 in Dish stock, an offer based on Friday\'s closing share prices. The deal, Dish said, represents a 13 percent premium over a $20.1 billion offer from Japanese conglomerate Softbank for 70 percent of Sprint, The Wall Street Journal reported Monday. Softbank has 32 million mobile subscribers and is a much larger company than Dish. Softbank, which did not comment on the Dish proposal, can now make a counter-offer. \"Sprint is in play,\" said Dish Chairman Charles Ergen in a Journal interview. \"We think we\'ve made an offer that\'s much more compelling than the Softbank transaction.\" The Dish offer includes keeping Ergen as the head of the two companies. It would also make use of the portion of the broadband spectrum Dish owns and which is cleared for use as a land-based mobile phone service, the Journal said. Ergen has, essentially, everything he needs to operate a mobile network, except for one thing: The mobile network. Buying Sprint would be a major shortcut, as Dish would not have to build its own network from scratch. If Sprint\'s board goes with the deal from Dish, the television company would have to pay a $600 million breakup fee to Softbank, which Ergen said would not derail the offer.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dish makes play for sprint Arab Today, arab today dish makes play for sprint

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday