As smartphones and tablets become increasingly popular, data usage for these devices are in higher demand. Disk Network is making a attempt to broaden its services beyond the TV business to become a player in the wireless industry. Dish is attempting to merge with Sprint Nextel Corp, offering the wireless company $25.5 billion dollars, $17.3 billion in cash and $8.2 billion in stock. This merger will allow Dish consumers the ability to bundle voice, mobile data, home internet and cable. Sprint is the nations third-largest phone provider after Verizon Wireless and AT&T. Dish's bid to Sprint is based on the value of wireless airwaves that the company holds and the anticipated growth of mobile data usage in the U.S.
Dish's offer comes as a counterbid to the Japanese wireless carrier, SoftBank, who offered Sprint $20 billion for a 70% stake in the company back in October. A partnership with SoftBank would give Sprint a opportunity to expand its coverage with a company with deep pockets and experience building fast-data networks. Dish's bid will more than likely prompt SoftBank to sweeten its deal in an effort to win this bidding war.
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