Dish Network upped its public opposition to SoftBank’s...
Dish Network upped its public opposition to SoftBank’s $20.1 billion bid to buy 70 percent of Sprint Nextel, launching a website Monday that argues SoftBank’s takeover bid “needs to be stopped” (http://bit.ly/12Q9qht). Dish argued that SoftBank’s use of equipment from…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
Chinese telecom equipment manufacturers Huawei and ZTE in the buildout of its 4G network in Japan “raises significant national security concerns” because China is a leading source of cyberbreaches (http://bit.ly/10IxyQe). Such ties are concerning because of Sprint’s U.S. government and military contracts, Dish said (http://bit.ly/19WJMd8). SoftBank and Sprint have previously pledged not to integrate Huawei-manufactured technology into Sprint’s network if the deal clears government regulatory hurdles (CD April 1 p5). Dish also questioned SoftBank’s ties to UTStarcom and Chinese e-commerce company Alibaba. The website’s launch comes days after Dish asked the FCC to suspend its review of SoftBank’s bid because it claimed SoftBank was using its one-third equity in Alibaba to hurt Dish’s chances of financing its $25.5 billion counterbid for Sprint (http://bit.ly/107MRme). A Sprint spokesman said the carrier had no comment.