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Dish trying to buy Sprint..


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#26 OFFLINE   SayWhat?

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Posted 03 May 2013 - 12:30 AM

and would prefer to see it remain firmly attached to the U.S.

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

 

Yeah, that's the Charlie I've come to know and love:

charge you $10 less for your phone

 

 

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


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#27 OFFLINE   James Long

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Posted 03 May 2013 - 12:50 AM

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

 

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 ...


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#28 OFFLINE   Bronxiniowa

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Posted 03 May 2013 - 09:54 AM

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.



#29 OFFLINE   tsmacro

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Posted 15 May 2013 - 03:58 PM

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...sprint-bid.html

 

 

 

 

 

 

 

 

 




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#30 OFFLINE   James Long

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Posted 20 May 2013 - 09:57 PM

logo.gif

 

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.echo...eleaseID=766117


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#31 OFFLINE   Nick

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Posted 21 May 2013 - 08:16 AM

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!


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#32 OFFLINE   phrelin

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Posted 21 May 2013 - 05:17 PM

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!

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:


Edited by phrelin, 21 May 2013 - 05:18 PM.

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#33 OFFLINE   BillJ

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Posted 22 May 2013 - 05:37 AM

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.

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.



#34 OFFLINE   tsmacro

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Posted 23 May 2013 - 07:47 AM

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.[


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#35 OFFLINE   tsmacro

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Posted 23 May 2013 - 07:48 AM

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




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#36 OFFLINE   Stuart Sweet

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Posted 23 May 2013 - 07:57 AM

Fixed it for you.


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#37 OFFLINE   Stewart Vernon

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Posted 23 May 2013 - 01:32 PM

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

 

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


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#38 OFFLINE   James Long

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Posted 23 May 2013 - 04:29 PM

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

 

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.


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#39 OFFLINE   James Long

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Posted 23 May 2013 - 05:20 PM

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....print/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."


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#40 OFFLINE   tsmacro

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Posted 24 May 2013 - 02:01 PM

 

 

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."

 

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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#41 OFFLINE   Stewart Vernon

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Posted 24 May 2013 - 04:27 PM

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".

Yet another good reason why Dish probably should not have said what they did :)


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#42 OFFLINE   James Long

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Posted 29 May 2013 - 04:14 PM

Press Release:

DISH: CFIUS Agreement Fails to Adequately Address the Significant National Security Risks of SoftBank-Sprint

 

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- DISH Network (NASDAQ: DISH) responded to news today that the Committee for Foreign Investment in the United States (CFIUS) has approved SoftBank Corporation's acquisition of Sprint Nextel Corporation, subject to certain conditions.

The following statements can be attributed to Stanton Dodge, DISH executive vice president and general counsel:

 

"We believe the U.S. government should proceed with deliberation and caution in allowing assets of national strategic importance -- such as the Sprint fiber backbone and wireless networks -- to be owned and operated by a foreign company with significant ties to China. Oversight and accountability for these assets are critical at a time when offshore cyber attacks, including the hacking of weapons systems designs, continue to rise. Congress should take a close look at the CFIUS review process in this instance.

 

DISH provided the following responses to the specific conditions of the undisclosed National Security Agreement as reported by SoftBank:

"SoftBank and Sprint must appoint an independent member to the New Sprint board of directors to serve as the Security Director. The Security Director will be approved by the [U.S. Government] USG Parties, oversee Sprint's compliance with the National Security Agreement and serve as a contact for the USG Parties on all security-related matters. In addition, the Security Director is required to have expertise and experience with national security matters, be a U.S. resident citizen, and hold appropriate security clearances."

  • While the requirement to have an appropriately credentialed Security Director approved by the U.S. government is very common to CFIUS agreements, it does little to address the practical risks of national security breaches, including cyber attacks, because hacking on the ground is not often detected in the boardroom.

"Once Sprint either obtains operational control of Clearwire or consummates its proposed acquisition of Clearwire, USG Parties will have a one-time right to require Sprint to remove and decommission by December 31, 2016 certain equipment deployed in the Clearwire network."

  • This key provision of the agreement may well never become effective if Sprint does not acquire 100 percent of the equity of Clearwire (and, at a minimum, it appears unlikely that Crest Financial will tender its shares to Sprint) or Sprint does not obtain operational control of Clearwire (and Sprint has been arguing vociferously at the FCC that it does not have such control today despite being a majority shareholder of Clearwire and having the right to appoint a majority of the Clearwire board). Therefore, this provision may ultimately prove to be illusory.
  • There is also a long time between now and the end of 2016 — creating an immense period of interim vulnerability. Further, this provision does nothing to ensure that SoftBank does not, after 2016, re-introduce similar equipment to the Clearwire network.

"The USG Parties will have the right to review and approve certain network equipment vendors and managed services providers of Sprint, as well as of Clearwire once Sprint completes its proposed acquisition of Clearwire."

  • The U.S. government itself has been the victim of numerous cyber attacks. As a result, its "review and approval" of equipment vendors and service providers cannot insure against national security breaches. Just this week, there have been reports that many critical U.S. defense systems have been hacked by Chinese attackers.
  • Sprint has numerous contracts with the U.S. government, transmitting confidential and possibly classified information. Foreign ownership of the network and facilities transmitting this data creates serious national security concerns for the federal government.

The attempted acquisition of several strategic U.S. port operations by Dubai Ports World in 2006 was ultimately scuttled on national security grounds, despite having initially received clearance from CFIUS.

SoftBank-Sprint is potentially more dangerous from a national security perspective than the Dubai Ports World proposal for the following reasons, among others:

  • In the Dubai Ports matter, the foreign acquirer was not acquiring the ports themselves but rather a company that helped manage operations at the ports. SoftBank, by contrast, is seeking to own and operate Sprint's nationwide fiber backbone and wireless networks.
  • Sprint is a leading contractor to the U.S. government and has multiple contracts with the U.S. Department of Defense
  • The assets at issue in this case — nationwide fiber backbone and wireless networks of national strategic importance — are even more vulnerable than maritime ports and are the subject of significantly more frequent and threatening activity.
  • Telecom infrastructure, a mix of hardware and bits, is more difficult to police than the cement-and-mortar ports.
  • The timing of this transaction compels action more urgently than the Dubai Port World controversy, coming as it does on the heels of the discovery that China, with which SoftBank has a number of links, has hacked U.S. weapons systems designs. At a time when the President plans to press the issue of weapons hacking with the Chinese leadership, it seems ill-advised to hand over a key piece of our national infrastructure — the piece that enables hacking — to a foreign company with numerous ties to China.

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#43 OFFLINE   lee635

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Posted 03 June 2013 - 09:47 AM

I would like to see Sprint get back to the basics.  We lose connection all the time, all over town.  Sprint provided us a box that hooks into the internet to run wireless calls over the internet while we are at home, so now the wife is sortof happy. 

 

But it doesn't do texts...It's just pitiful to see my teenage daughter every night standing on the back porch holding her phone high in the air tying to send and receive texts.  ;)

 

If Charlie will improve "the product", I'm all for it.


Edited by lee635, 03 June 2013 - 09:48 AM.

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#44 OFFLINE   tsmacro

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Posted 04 June 2013 - 08:21 AM

I'm not really sure what it means but here's the latest release from Dish about this:

 

DISH Network Announces Expiration of Hart-Scott-Rodino Waiting Period for Proposed Merger with Sprint Nextel

 

 

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- DISH Network Corporation (NASDAQ: DISH) today announced the expiration of the waiting period under the Hart-Scott-Rodino (HSR) Antitrust Improvements Act in connection with the proposed acquisition by DISH of Sprint Nextel Corporation. The waiting period expired Monday, June 3, 2013.

 

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.




"The major difference between a thing that might go wrong and a thing that cannot possibly go wrong is that when a thing that cannot possibly go wrong goes wrong it usually turns out to be impossible to get at or repair." - Douglas Adams

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#45 OFFLINE   tsmacro

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Posted 10 June 2013 - 02:26 PM

Looks like Dish has released another statement, but it doesn't seem to be saying anything new. 

 

 

DISH Issues Update on Sprint Proposal

 

 

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- In response to media inquires about the current state of play regarding its proposal to merge with the Sprint Nextel Corporation, DISH Network Corp. (NASDAQ: DISH) issued the following statement:

"DISH submitted a formal proposal to merge with Sprint on April 15, 2013. We believe our proposal is both economically and strategically superior to that of SoftBank. DISH and Sprint continue to meet regularly and conduct the due diligence process that began in late May. In addition, DISH and Sprint continue to negotiate the terms of a merger agreement."

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.




"The major difference between a thing that might go wrong and a thing that cannot possibly go wrong is that when a thing that cannot possibly go wrong goes wrong it usually turns out to be impossible to get at or repair." - Douglas Adams

"Who would rule a nation when he could have easier work, such as carrying water uphill in a sieve?" - Robert Jordan


#46 OFFLINE   Volatility

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Posted 10 June 2013 - 07:27 PM

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:

Dish actually purchase a ton of bandwidth not to long ago, I remember a DirecTV trainer telling me this like a month ago that D* couldn't figure out why they had done so. Hmm...

#47 OFFLINE   tsmacro

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Posted 11 June 2013 - 08:14 AM

SoftBank raises offer. Check.......mate?   http://money.msn.com...611&id=16578376


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#48 OFFLINE   James Long

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Posted 12 June 2013 - 03:20 AM

Hmmm ... if SoftBank sees the need to raise their bid apparently DISH has a chance. :)
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#49 OFFLINE   Athlon646464

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Posted 13 June 2013 - 06:05 AM

Clearwire board rejects Sprint offer in favor of Dish Network bid
 
Well, it looks like Sprint's letter to Clearwire Corp. didn't adequately trash Dish Network. According to The Wall Street Journal, a special committee of Clearwire's board will push back a shareholder vote on Sprint's deal today and recommend that the full board endorse Dish's buyout proposal. Needless to say, that would put a sizable wrench in Sprint's plans to fully acquire the spectrum provider. The carrier already owns nearly half of Clearwire, and if Dish gets its way, it will become a major minority shareholder in the company. Whatever happens next, likely won't end the drawn-out bidding war, though; Sprint has already claimed that Dish's offer can't legally be accepted without its consent. As always, stay tuned.
 
Update: Dish just formally announced the extension of its tender offer to Clearwire, pushing back the original June 28th date to July 2nd. Skip past the break for the full release.
 

1 HR34-700, 1 C31-700, 1 C41W-100, 1 WVBR0-01, 1 HR24-500

Original install on Apr. 20, 2008 - C41W & WVB self installed on Dec. 27, 2014 - HR34 & C31 installed on Aug. 24, 2013 - HR24 installed on July 23, 2010

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#50 OFFLINE   tsmacro

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Posted 18 June 2013 - 04:40 PM

DISH Issues Update on Sprint Proposal

 

 

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- DISH Network Corp. (NASDAQ: DISH) issued the following statement updating the status of its proposal to merge with Sprint Nextel Corporation:

"While DISH continues to see strategic value in a merger with Sprint, the decisions made by Sprint to prematurely terminate our due diligence process and accept extreme deal protections in its revised agreement with SoftBank, among other things, have made it impracticable for DISH to submit a revised offer by the June 18th deadline imposed by Sprint. We will consider our options with respect to Sprint, and focus our efforts and resources on completing the Clearwire tender offer."

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.




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