Dish Network asked the FCC to hold in abeyance and...
Dish Network asked the FCC to hold in abeyance and stop the informal shot clock on its consideration of SoftBank’s proposed buy of Sprint Nextel, as the agency also looks at Sprint’s proposed acquisition of de facto control of Clearwire.…
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“Sprint’s acquisition of control over Clearwire is subject to, among other things, a vote of the non-Sprint shareholders in the face of a higher value offer made by DISH and Clearwire’s response to DISH’s offer,” Dish said (http://xrl.us/boa9cy). “These contingencies make SoftBank’s and Sprint’s applications unripe for consideration. Indeed, 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.” Sprint did not have an immediate response Thursday.