SoftBank wants to buy a 70 percent stake in Sprint for $20 billion. Likewise, Dish recently proposed a $25.5 billion merger deal with Sprint. Dish thinks it’s making the better offer, and wants the Federal Communications Commission to defer its investigation into a possible SoftBank acquisition of Sprint until the carrier’s board can fully soak it in.
“Because Dish’s merger proposal is currently before the Sprint board of directors, the question of which transaction the commission ultimately should be deciding is unsettled,” the company said in a note to the Federal Communications Commission obtained by Bloomberg. “It is far from clear that the pending Sprint-Softbank proposal will move forward.” The FCC is currently on track to finish investigating the SoftBank/Sprint offer next month, although it’s unclear if it will decide to defer the investigation.