Dish has asked the FCC to stop the clock on its review of
Japanese company SoftBank's proposed purchase of Sprint and Sprint's proposed
purchase of a controlling interest in Clearwire, given that Dish has made a
higher offer for Clearwire that makes the deal "unripe for consideration,"
says the satellite operator.
Sprint already owns just under 50% of Clearwire, with other
investors including Comcast, Sprint, Google, Time Warner Cable and Bright House
Dishlaunched a surprise bid for Clearwire earlier this month.
"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 (together, the 'Applicants') a very real advantage in the corporate
valuation process," Dish said in a request to hold the deal in abeyance.
The smarter way to stay on top of broadcasting and cable industry. Sign up below.
Thank you for signing up to Broadcasting & Cable. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.