Dish Asks FCC to Stop Clock on Sprint/SoftBank Clearwire Deal
Says its competing bid, among other things, means deal no longer ripe for review
By John Eggerton -- Broadcasting & Cable, 1/18/2013 12:26:54 PM
Sprint already owns just under 50% of Clearwire, with other investors including Comcast, Sprint, Google, Time Warner Cable and Bright House Networks.
Dish launched 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.
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