softbank

Calling Dish Network's rival bid for Sprint Nextel "highly conditional," Softbank said tonight it is going ahead with its merger proposal for the troubled carrier and expects to close the deal this summer.

The satellite TV provider submitted a merger proposal this morning valued at $25.5 billion, a 13 percent premium over the Japanese wireless carrier's merger proposal, which offered $20.1 billion for a controlling stake in Sprint.

"Softbank believes that the agreed terms of our transaction with Sprint offer Sprint shareholders superior short- and long-term benefits to Dish's highly conditional preliminary … Read more

Dish Network has submitted a merger proposal for Sprint Nextel valued at $25.5 billion, putting itself into competition with Japan's Softbank to take over the wireless carrier.

Dish announced this morning that it is offering Sprint shareholders a total consideration of $25.5 billion, consisting of $17.3 billion in cash and $8.2 billion in stock. Sprint shareholders would receive $7 per share, and the cash and stock combination would represent a 13 percent premium to the value of the existing SoftBank proposal, according to Dish.

"The Dish proposal clearly presents Sprint shareholders with a superior … Read more

In response to national security concerns, Sprint Nextel and Softbank pledged not to incorporate gear from Huawei Technologies into Sprint's network core, the chairman of the House intelligence committee said today.

Rep. Mike Rogers (R-Mich.), chairman of the committee, said he had met with representatives from both companies and was assured that equipment from the Chinese telecommunications gear maker would not be used in the U.S. cellular infrastructure. As a condition for approving Softbank's $20 billion acquisition of Sprint, the U.S. government was reportedly seeking oversight of network equipment purchases to exclude equipment from Huawei and … Read more

As a condition for approving Softbank's $20 billion acquisition of Sprint Nextel, the U.S. government is seeking oversight of network equipment purchases to prevent gear from Chinese suppliers Huawei Technologies and ZTE from becoming part of the U.S. infrastructure, according to the Wall Street Journal.

The two companies have already attracted the criticism of the U.S. House Intelligence Committee, which released a report last October that accused Chinese telecommunications gear makers of being threats to U.S. security and that discouraged U.S. companies from buying their equipment. In January, the U.S. Department of Justice … Read more

The U.S. Department of Justice has asked the Federal Communications Commission to defer a proposed deal in which Japan-based Softbank would acquire a 70 percent stake in Sprint.

In a letter sent to the FCC and dated yesterday, attorney advisor Jennifer Rockoff, with the Justice Department's National Security Division, asked that the deal be put on ice for now.

The DOJ, the Department of Homeland Security, and the FBI "are currently reviewing this matter for any national security, law enforcement, and public safety issues but have not yet completed that effort," she wrote. &… Read more

Dish Network has asked the U.S. Federal Communications Commission to pause its review of Softbank's proposed $20.1 billion acquisition of Sprint.

When Japanese carrier Softbank acquired a 70 percent stake in Sprint in October, it provided Sprint with the cash to acquire the Clearwire shares it didn't already own. Sprint has been floundering in the cellular market for some time, and made the Clearwire bid to acquire greater spectrum and more customers.

Sprint offered to buy remaining Clearwire shares for $2.90 apiece. Softbank then capped the bid at $2.97 per share and wouldn't … Read more

If nothing else, 2012 has shown that the mobile industry is a pretty tough business to be in.

Many handset manufacturers, wireless carriers, and component suppliers felt the pressures of mobile business sink in, and as a result, there were a lot of shake-ups this year.

The same pressures and competitive dynamics are expected to persist next year, so expect a lot more action. The following predictions are based on conversations with industry sources over the last few months, market trends, speculation, and a little wishful thinking.

One thing's for sure, the industry should keep us all on our … Read more

Japan-based Softbank is limiting how much Sprint can pay to acquire Clearwire, a new report claims.

Sprint Nextel yesterday confirmed in a Securities and Exchange Commission filing that it's willing to pay $2.90 a share to buyout the remaining shares in Clearwire. The total cost would be $2.1 billion. Some Clearwire shareholders, however, are saying that Sprint should up its bid to $5 per share.

But there's just one problem: according to Reuters, citing sources who claim to have knowledge of the dealings, Softbank has banned Sprint from paying any more than $2.97 per share … Read more

NTT DoCoMo lost 40,800 subscribers in November, acknowledging that it's due to customer flight to the iPhone 5, according to Japan's Nikkei business daily.

For Japan's largest mobile-phone carrier, it was the first monthly drop in over five years.

NTT DoCoMo made no bones about blaming its shrinking subscriber base on customers opting for the iPhone 5 at rival carriers.

The company does not offer the iPhone, while rivals Softbank and KDDI do. Both of those carriers posted subscriber gains in November, with KDDI showing net gains of 228,800 customers and Softbank adding 301,900, … Read more