Dish Network has lined up the financing it needs to make its $25.5 billion bid for Sprint Nextel, according to multiple reports, which could ratchet up pressure on both Sprint and SoftBank, which is seeking to acquire 70 parent of Sprint for $20.1 billion.
Verizon Wireless will pay a $7 billion dividend to parent companies Verizon Communications and Vodafone by the end of June, diffusing a potential source of tension between the two parents as speculation continues to burble that Verizon will buy Vodafone's 45 percent stake in the joint venture.
Dish Network Chairman Charlie Ergen said that the company has multiple backup options for its wireless plans if its $25.5 billion bid for Sprint Nextel does not succeed against SoftBank's $20.1 billion proposal to buy 70 percent of Sprint.
Dish Network continued to hammer back against SoftBank, claiming that its unsolicited $25.5 billion offer for Sprint Nextel is clearly superior to the Japanese operator's $20.1 billion offer for 70 percent of Sprint.
Verizon Communications CEO Lowell McAdam hinted that Verizon Wireless will not pay a dividend to its owners this year and will instead focus on paying off debt coming due, according to a financial analyst who had a meeting this week with McAdam.
U.S. Cellular will launch Apple products, including the iPhone, later this year, reversing its earlier position. The company said in 2011 that it would not launch the iPhone because it did not make financial sense.
SoftBank CEO Masayoshi Son said he does not see a need for Sprint Nextel to raise its $2.97 per share offer to take control of Clearwire, and that Sprint would be happy owning merely 65 percent of the company.
SoftBank CEO Masayoshi Son said his company would not raise its $20.1 billion offer for 70 percent of Sprint Nextel to compete with Dish Network's unsolicited $25.5 billion counterbid because SoftBank's offer is already superior.
Sprint Nextel said SoftBank has given it permission to obtain more information from Dish Network regarding Dish's $25.5 billion bid for Sprint. However, SoftBank's waiver does not let Sprint disclose nonpublic information or negotiate with Dish.
Verizon Communications has been talking to financial analysts about the price it may be willing to pay to buy Vodafone's 45 percent stake in Verizon Wireless as a way to spur talks between the two telecom giants, according to a Bloomberg report.