Ergen submits filing for potential Sprint acquisition

05/6/2013 | eWeek · Bloomberg Businessweek · Wall Street Journal, The · CNET

DISH Network Chairman Charlie Ergen on Tuesday made his next move in his ongoing effort to secure a wireless partner. Ergen officially filed notice with the government that he intends to buy more than 50% of Sprint Nextel through DISH Network or one of its subsidiaries. "It forces Sprint to be open about its dealings with DISH and Softbank," said Garner analyst Philip Redman. Meanwhile a group of Clearwire investors led by Mount Kellett Capital Management pressed Sprint to improve its offer for the wireless service provider and has hired attorneys to negotiate with other potential buyers, including DISH.

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