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Dish trying to buy Sprint..

Discussion in 'General DISH™ Discussion' started by HinterXGames, Apr 15, 2013.

  1. phrelin

    phrelin Hall Of Fame DBSTalk Club

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    I have to laugh. Deadline Hollywood picked up the news release above and put this somewhat misleading headline on it: Sprint Approves Dish Network Effort To Move Ahead With Takeover Plan

    Agreeing to share information I suppose is approving "an effort to move ahead".
     
  2. Mike.H_DISHNetwork

    Mike.H_DISHNetwork DISH Representative DISH Representative

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    [SIZE=medium]We greatly value our customers and are excited to share our Company’s growth opportunities with you. You can find information regarding the proposed merger on our dedicated transaction micro site at [/SIZE][SIZE=medium]www.CompleteDishSolution.com[/SIZE][SIZE=medium]. Additionally, general company and product information is always available on our corporate website at [/SIZE][SIZE=medium]www.dish.com[/SIZE][SIZE=medium].[/SIZE]
    [SIZE=medium]Thanks[/SIZE]
     
  3. phrelin

    phrelin Hall Of Fame DBSTalk Club

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    OK. But I have to note this article today SoftBank slams Dish's Sprint bid, rules out sweeteners which means this is going to be a fight. While many of the things SoftBank Corp President Masayoshi Son is quoted as saying in the article are specious and/or fallacious, he's right that the Charlie I've come to know and love does almost seek out "ugly" litigation battles which only makes the regulatory issues the Dish option faces less attractive.

    Still, I do think Dish would be a better choice for Sprint with one concern - Charlie is Dish and Echostar. He just turned 60. IMHO it will take a strong personality like his 10 years to mold the combined company into his vision, so he will need good health and strong enerty.

    On the other hand, Masayoshi Son is 55, Korean, and known as the person who has lost the most money in history (approximately $70 billion in the dot com crash of 2000). His company Softbank is a Japanese telecommunications and Internet corporation that has strong ties to China. I'm not enthusiastic about Sprint Nextel Corporation becoming a Japanese company. I guess, in the end, as a Californian I still remember S-P-R-I-N-T as Southern Pacific Railroad Internal Network Telecommunications and would prefer to see it remain firmly attached to the U.S.
     
  4. RasputinAXP

    RasputinAXP Kwisatz Haderach of Cordcuttery

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  5. phrelin

    phrelin Hall Of Fame DBSTalk Club

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    Yeah, that's the Charlie I've come to know and love:
     
  6. SayWhat?

    SayWhat? Know Nothing

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    So would I, but after ChuckieCo's last few bonehead moves, I can't support him anymore.

    And then add on a $15 'keypad fee' and a few other hidden charges.
     
  7. James Long

    James Long Ready for Uplink! Staff Member Super Moderator DBSTalk Club

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    So when is your contract up? And if it already is, why are you still a DISH customer?

    After a while repeated complaints earn a "yeah, we get it, you don't like DISH" response. Moving on to the less biased posts ...
     
  8. Bronxiniowa

    Bronxiniowa Member

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    As a Sprint customer, I just want to see it merged with a company that will invest in upgrading the data coverage to LTE everywhere, the way Verizon has committed to do. Sprint's value as getting the most bang for buck is still unmatched, but its data coverage falls far short of nearly every other carrier's except perhaps T-Mobile.
     
  9. tsmacro

    tsmacro Hall Of Fame

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    Dish said to Be Lining Up Four Banks to Fund Sprint Bid

    By Jodi Xu & Jeffrey McCracken - May 15, 2013 4:16 PM ET

    Dish Network Corp. (DISH) is lining up four banks to help finance its $25.5 billion takeover offer for Sprint Nextel Corp. (S), reinforcing its effort to outbid SoftBank Corp. (9984), people with knowledge of the matter said.
    Dish, which already is raising about $2.5 billion in a bond offering managed by Barclays Plc, Jefferies Group LLC, Macquarie Group Ltd. and Royal Bank of Canada, is close to tapping the same banks for loans to help reach its goal of $9.3 billion in in financing for the Sprint transaction, said the people, who asked not to be named because the discussions are private.

    Whole article here: http://www.bloomberg.com/news/2013-05-15/dish-said-to-be-lining-up-four-banks-to-fund-sprint-bid.html
     
  10. James Long

    James Long Ready for Uplink! Staff Member Super Moderator DBSTalk Club

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    [​IMG]

    DISH and Sprint to Begin Due Diligence, Engage in Talks

    ENGLEWOOD, Colo.--(BUSINESS WIRE)-- DISH Network Corporation (NASDAQ: DISH) ("DISH") today responded to Sprint Nextel Corporation's announcement ("Sprint") that it has received a waiver of various provisions under the merger agreement between it and SoftBank Corp.

    The waiver will permit Sprint and its representatives to furnish non-public information concerning Sprint to DISH, and to engage with DISH in discussions and negotiations regarding its proposal made on April 15, 2013.

    "We look forward to engaging in full due diligence and continued discussions with Sprint. We remain confident that this process will confirm the superiority of our proposal, the reasoning behind our synergy projections and our vision for a competitively superior DISH-Sprint," said DISH Chairman Charlie Ergen.

    http://investor.echostar.com/releasedetail.cfm?ReleaseID=766117
     
  11. Nick

    Nick Retired, part-time PITA DBSTalk Club

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    Charlie will defy physics and figure out how to overcome latency to go cell-to-sat-to-cell direct to eliminate those pesky cell towers.

    Let the inevitable chatter about latency being inviolate begin!
     
  12. phrelin

    phrelin Hall Of Fame DBSTalk Club

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    We all know he has conquered the necessary wormhole-related technology, He just needs some extra bandwidth to make it work and phone customers to buy it. :sure:
     
  13. BillJ

    BillJ Icon

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    Seems to depend on where you are located. Yeah, I've had problems in some good sized but isolated cities, but overall I've been happy during my 12 years with Sprint. I'm especially happy since I upgraded to an iPhone and unlimited data, text, and mobile to mobile. Meanwhile I listen to my friends complain about the competitors. One Verizon customer can't make a call from inside his house. Now going out in the summer isn't too bad but we get darn cold winters here. Betting he pays whatever cancellation fee and switches carriers by mid January.
     
  14. tsmacro

    tsmacro Hall Of Fame

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    So essentially Dish is saying in this press release: "Can we really trust a foreign company owning Sprint?".


    DISH Statement on SoftBank and CFIUS


    ENGLEWOOD, Colo.--(BUSINESS WIRE)-- DISH Network Corporation (NASDAQ: DISH) responded to news reports regarding the Committee on Foreign Investment in the United States (CFIUS) review of the proposed SoftBank-Sprint transaction.
    "If the news reports are accurate, SoftBank's agreement to an extraordinary board structure and the concerns of CFIUS with respect to the use of Chinese-manufactured equipment on a foreign-controlled Clearwire network, which reportedly could add as much as $1 billion to the cost of the proposed SoftBank-Sprint transaction, confirm the serious national security risks of SoftBank acquiring Sprint and its wireless and wireline assets of national strategic importance," said Stanton Dodge, DISH executive vice president and general counsel.
    "We remain concerned, however, that these reported steps do not adequately protect our national security interests, especially with respect to Sprint's critical fiber backbone network and Sprint's extensive contracts to provide important telecommunications services for government, law enforcement and defense customers," said Dodge.
    About DISH
    DISH Network Corporation (NASDAQ: DISH), through its subsidiary DISH Network L.L.C., provides approximately 14.092 million satellite TV customers, as of March 31, 2013, with the highest quality programming and technology with the most choices at the best value, including HD Free for Life®. Subscribers enjoy the largest high definition line-up with more than 200 national HD channels, the most international channels, and award-winning HD and DVR technology. DISH Network Corporation's subsidiary, Blockbuster L.L.C., delivers family entertainment to millions of customers around the world. DISH Network Corporation is a Fortune 200 company. Visit www.dish.com.[
     
  15. tsmacro

    tsmacro Hall Of Fame

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    Ok, not sure why it did that on my above post, but at least you can still read it.
     
  16. Stuart Sweet

    Stuart Sweet The Shadow Knows!

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    Fixed it for you.
     
    1 person likes this.
  17. Stewart Vernon

    Stewart Vernon Roving Reporter Staff Member Super Moderator DBSTalk Club

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    Dish might be right... but I don't think it helps them to say it out loud like that.
     
  18. James Long

    James Long Ready for Uplink! Staff Member Super Moderator DBSTalk Club

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    Just adding a little FUD ... fear, uncertainty and doubt. The tactic might work.

    BTW: Vodaphone would like to get out of the US wireless market ... I do not believe their foreign ownership of Verizon has been a problem. If there is an issue with foreign ownership it would be dealt with by the FCC.
     
  19. James Long

    James Long Ready for Uplink! Staff Member Super Moderator DBSTalk Club

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    DISH Statement on SoftBank's Claims and Attempt to Control Assets of National Strategic Importance

    ENGLEWOOD, Colo.--(BUSINESS WIRE)-- DISH Network Corporation (NASDAQ: DISH) today responded to the recently launched SoftBank web page [http://www.softbank.co.jp/sprint/benefits/] touting the purported benefits of its attempt to gain control of Sprint. DISH's proposal will deliver nearly all the key benefits of the SoftBank-Sprint transaction and more, including 40 MHz of additional mid-band spectrum and cable-quality broadband access to approximately 40 million unserved and underserved consumers in rural America -- all built on a foundation of an American company investing cash from an American balance sheet to make another American company more competitive for the benefit of all American consumers.

    In fact, a DISH/Sprint merger is superior in several important areas:
    • DISH's $25.5 billion offer is better for shareholders, offering more cash and stock in a strategically superior company than the SoftBank proposal provides for Sprint shareholders.
    • The SoftBank investment to control Sprint is a financial transaction, not a commercial merger, given that SoftBank has no U.S. operations to combine with Sprint. DISH/Sprint creates the only company that offers convenient, fully integrated nationwide bundle of in- and out-of-home video, broadband and voice services. The combination also provides substantial synergies and a significantly enhanced strategic position.
    • With the largest spectrum portfolio and as the only telecommunications company to deliver voice, video and data in- and out-of-the home, DISH/Sprint would be better positioned to challenge AT&T and Verizon than SoftBank-Sprint. SoftBank brings no spectrum to the merger. DISH brings 45 MHz of low- and mid-band spectrum with an estimated value of $10 billion, plus robust cash flows.
    • A DISH-Sprint will be better for national security by preserving domestic ownership, control and accountability over Sprint's national wireless network and fiber backbone network, which provides classified services to government, law enforcement and military customers.
    SoftBank also used its new web content to defend foreign investment in the U.S. telecom sector, citing the presence of Vodafone, through Verizon Wireless, and Deutsche Telekom's T-Mobile operation in the U.S.

    "Vodafone and Deutsche Telekom are not relevant to the national security discussion surrounding the proposed acquisition of Sprint by SoftBank," said Stanton Dodge, DISH executive vice president and general counsel. "Times have changed and there can be no doubt that today, a nationwide wireless network is an asset of national strategic importance. Additionally, unlike Sprint, neither Verizon wireless nor T-Mobile control a national fiber backbone serving national security interests including defense, law enforcement and other sensitive governmental operations."

    SoftBank also apparently committed to using only network equipment that is acceptable to the U.S. Government, which DISH believes validates the national security concerns that it has raised with respect to SoftBank-Sprint. Further, if the news reports are accurate, and CFIUS has concerns with respect to the use of Chinese manufactured equipment on a foreign-controlled Clearwire network, then as much as $1 billion would have to be added to the cost of the proposed SoftBank-Sprint transaction.

    DISH is committed to working with the appropriate regulatory agencies to meet national security goals.

    "There is a bright line between DISH and SoftBank: DISH is not foreign-controlled, nor is its proposal subject to CFIUS," said Dodge. "The question is about who should control and who will be accountable for assets — the Sprint national wireless and backbone fiber networks — that are vital to our national security."

    Dodge continued: "The contrast is clear: DISH does not operate infrastructure dependent on Chinese equipment; DISH does not own nearly a third of the Chinese e-commerce giant, Alibaba; DISH was not affiliated with a company that admitted bribing Chinese officials for telecommunications contracts."
     
  20. tsmacro

    tsmacro Hall Of Fame

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    I could swear that when I upgraded to my new Hopper w/ Sling I saw something either in the box on the receiver itself that said "Made In China".
     

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