Sprint gets go ahead from Softbank to discuss deal with Dish

Sprint is in the enviable position of being courted by not one, but two companies for a potential merger. Sprint already agreed to a deal that would give control over the company to Japanese wireless carrier Softbank. This Softbank deal was expected to close this summer, but a sweeter offer from Dish puts that merger at risk. According to a report by CNET, Softbank has give Sprint permission to enter into a nondisclosure agreement with Dish to further discuss the $25.5 million bid.

Sprint has held its cards close to its chest and has not hinted which way it is leaning. The Dish deal gives stockholders a bigger payback, but Softbank is known for its ability to make a struggling carrier successful through agressive pricing. It will be interesting to see what Sprint does with these two offers in the coming weeks.

[Via CNET]

Back to top ▴