Lol..desi Gallu Dish Channel Ni Baga Encourage Cheinatunnaru..

[Spartan]

[b] Dish launches $25.5 billion bid for Sprint[/b]


The offer is an attempt to top another bid for Sprint: $20.1 billion for a 70% stakefrom [url="http://money.cnn.com/2012/10/15/technology/sprint-softbank-purchase/index.html?iid=EL"] Japanese tech company [/url]Softbank ([url="http://money.cnn.com/quote/quote.html?symb=SFTBF&source=story_quote_link"]SFTBF[/url]). That offer, which Sprint accepted in October, was intended to give Sprint a much needed [url="http://money.cnn.com/2012/10/11/technology/mobile/sprint-softbank/index.html?iid=EL"] cash infusion[/url] to stave off a possible bankruptcy.

Sprint ([url="http://money.cnn.com/quote/quote.html?symb=S&source=story_quote_link"]S[/url], [url="http://money.cnn.com/magazines/fortune/fortune500/2012/snapshots/2015.html?iid=EL"]Fortune 500[/url]) acknowledged the unsolicited bid and said its board would study the offer, but had no further comment. Its shares shot up nearly 24% in afternoon trading while and Dish shares slipped 3%.
Dish Chairman Charlie Ergen said the combination would create a company that offers customers the greatest possible bandwidth for video and other data.
He said while cable companies do a good job providing bandwidth inside homes and wireless companies provide bandwidth outside of homes, no company allows for the efficient combination of that bandwidth.
"The pipes are fairly clogged," Ergen said. "If you're going to have a lot of data, you better have a big pipe -- no one is going to have a bigger pipe than Dish Sprint."
The bid for Sprint would also give Dish another coveted target, wireless broadband provider Clearwire ([url="http://money.cnn.com/quote/quote.html?symb=CLWR&source=story_quote_link"]CLWR[/url]).
Dish had a [url="http://money.cnn.com/2013/01/08/technology/dish-clearwire-sprint/index.html?iid=EL"]brief bidding war[/url] earlier this year with Sprint for Clearwire, but Clearwire decided to accept Sprint's offer. Sprint already owned a 50% stake in Clearwire before the bidding war began.

[Anta Assamey]

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