Dish Asks FCC to Suspend Review of Softbank's Bid

U.S. satellite TV company Dish Network Corp. has asked the Federal Communications Commission to suspend a review of its rival suitor Softbank Corp.'s bid for U.S. cellphone provider Sprint Nextel Corp, Kyodo News reported.

The announcement of Dish's $25.5 billion bid on April 15 constitutes a fresh important development that has generated uncertainty for the Softbank bid, Dish said in a filing to the FCC.

Dish told the federal regulator that acceptance of its bid would be more advantageous for U.S. consumers, Sprint shareholders and U.S. national security than the Softbank bid.

Ever since Softbank proposed acquiring 70% of Sprint's shares for $20.1 billion in October, the FCC has been conducting a review of the proposed deal.

The Dish bid is now before the board of directors of the Kansas-based major cellphone services provider.

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  04-19-130025ET
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