Hasta La Gadget!

The other we reported that Dish had made a counter-offer to Sprint and offered to acquire the company for more than what Japanese carrier, Softbank, was offering. Softbank seems to be unfazed by the counter-offer and expects the deal to conclude in a timely manner as expected, and if offering Sprint more money wasn’t enough, Dish is now stating that they believe that for them to buy Sprint would be in the interest of national security.

Dish has submitted a filing to the FCC and claimed that allowing Softbank to acquire Sprint would not be good for national security, and according to Reuters, they are asking the FCC to suspend the review of the buyout, stating that “Dish’s merger proposal is better for American consumers, better for Sprint shareholders, and better for national security than the SoftBank proposal.” This is not the first time we’ve heard about concerns over national security as Sprint and Softbank have stated back in March that they promise not to use Chinese equipment. In any case we’re not sure what this filing to the FCC will accomplish and if it will derail Softbank’s plans and schedule.

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Earlier this week it was revealed through a leaked internal memo that Sprint would be announcing an expansion of its LTE network in to 21 new markets. At the time it was reported that the expansion would take place on 12th April. Today Sprint formally announced the expansion and has confirmed the names of 21 new markets, which include Los Angeles, Charlotte N.C. and Memphis, that will now be covered under its LTE net. Customers in these markets will now be able to experience faster speeds for uploading photos, surfing the web and streaming videos on the network.

Being the third largest carrier in the U.S., Sprint still has a long way to go before its LTE network can rival that of AT&T or Verizon. The latter currently has the largest country wide LTE network and is expected to be done with deployment by the end of this year. With the addition of these new markets, Sprint’s LTE network is now available in 88 markets. They’ve also posted a list of markets where the network will be expanded by the end of this year.

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T-Mobile isn’t the only U.S. carrier to announce they’ll be having the Samsung Galaxy S4 on their network this month as Sprint is making sure its customers know they can also pick up the highly-anticipated Android smartphone this month, although at a price we have a feeling you probably didn’t expect.

Starting on April 27, Sprint customers can expect to pick up the Galaxy S4 for $249.99 with a two-year agreement. New subscribers can take advantage of a special Sprint is offering to entice you to jump the boat from your current carrier to theirs by knocking off $100 of their asking price to offer the Galaxy S4 at a more consumer-friendly price of $149.99. You’ll just need to switch your current phone number to Sprint from another network. (more…)

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We reported yesterday that Dish could be interested in making a bid on Sprint worth $25.5 billion. If the deal was formalized, Sprint would obviously have to entertain this new offer and see what Softbank has to offer them instead. For those wondering what Softbank had to say to Dish’s offer, it seems that they are relatively unfazed by the seemingly more generous offer. Softbank called Dish’s offer “highly conditional” and that they don’t expect it to get in the way and are still on track with completing their deal with Sprint this coming summer.

In a statement made by Softbank, here’s what they had to say, “Softbank believes that the agreed terms of our transaction with Sprint offer Sprint shareholders superior short- and long-term benefits to Dish’s highly conditional preliminary proposal […] The Softbank-Sprint transaction is in the advanced stages of receiving the necessary approvals, and we expect to consummate the transaction on July 1, 2013.”

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As you guys have heard, Japanese carrier Softbank is currently in the process of purchasing a 70% stake in one of the four major US carriers, Sprint. While the deal has yet to be concluded and approved by all the regulatory bodies involved, word on the street has it that US satellite television company, Dish, might want a piece of Sprint as well and has made a counter-offer of their own. According to the Financial Times, Dish has reportedly offered Sprint’s shareholders $7 in cash, which is higher than $4.03 which is what Softbank is offering, and is also claiming that their offer of cash plus shares is worth 13% more than what Softbank is proposing, ultimately making their offer worth $25.5 billion. Assuming that the bid is formalized, we guess it’s back to Sprint’s board of directors to decide if Softbank will be willing  to match Dish’s offer, and if the other advantages associated with Dish will outweigh that of Softbank.

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