DISH Network DISH issued the following statement on news that Sprint
Nextel's S Board of Directors has formed a Special Committee and has retained
financial and legal advisors to evaluate DISH's proposal to merge the two
companies:
We are pleased that the Sprint Board of Directors has formed a special
committee to review our proposal. We are available to meet with Sprint's
Board, management and advisors to discuss our plans and our willingness to
commit to financing. We are confident that the Sprint Board will share our
view that this proposal is superior on several fronts by offering Sprint
shareholders greater value with a higher price and more cash, while also
creating the opportunity to participate meaningfully in a combined, and
competitively unique, DISH/Sprint.
Our proposal creates a company with an industry-leading spectrum portfolio and
the only company that can offer customers a fully-integrated, nationwide
bundle of in- and out-of-home video, broadband and voice services while
unlocking the full potential of Sprint's Network Vision. Additionally, the
combined national footprints and scale of DISH/Sprint will provide substantial
benefits to the American public by bringing improved broadband services to
millions of homes with inferior or no access to competitive broadband
services.
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