Dish abandons Sprint bid
telecom | 06/21/2013 8:39 pm EDT
Dish Network Corp. won’t be making a new offer for Sprint Nextel Corp., the company said on Tuesday, clearing the way for Japanese mobile carrier Softbank Corp.to acquire Sprint.
Dish, a U.S. satellite TV provider, bid $25.5 million US in April to acquire Sprint, the third-largest wireless provider in the U.S., as Sprint was already mulling a $20.1 million bid by Softbank.
Last week, Softbank said in a release
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