In a joint request, Sprint Nextel Corp and Softbank Corp has asked US regulatory authorities to to review their proposed US$20.1 billion merger after Dish Network had sought for a suspension of the review.
The satellite television provider sought an injunction from the Federal Communications Commission last Thursday to suspend its ongoing review of the proposed 70% purchase by Softbank of Sprint Nextel. This comes after Dish had forwarded an unsolicited bid worth US$25.5 billion for Sprint Nextel.
Sprint though has said it would be evaluating the DIsh Network offer but it opposed the request by Dish to delay the review of the Softbank agreement that had been announced last October 2012. In a statement to the FCC, Sprint said, "The Commission must not be distracted by Dish's latest manueverings."
Sprint added that the FCC review should 'in no way limit Dish's ability to make competing bids for Sprint, nor does it prejudice in any way Dish's ability to challenge Softbank's valuation of Sprint.'
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