SoftBank, DISH leaders lobby for control of Sprint

05/10/2013 | Reuters · Fox Business · Bloomberg Businessweek · Wall Street Journal, The

SoftBank and DISH Network escalated their war of words Thursday in their battle for control of Sprint Nextel. SoftBank CEO Masayoshi Son said that under the Japanese telecom's control, Sprint would likely keep funding the Clearwire service, even if shareholders reject Sprint's takeover bid. Son also criticized DISH Network's $25.5 billion offer for Sprint as being "wishful" numbers and said SoftBank ownership would allow Sprint to continue offering unlimited data plans. DISH Chairman Charlie Ergen told investors that the satellite provider's wireless spectrum would fill in the gaps in Sprint's nationwide coverage, adding that he might sell DISH if he lost the bidding war for Sprint.

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