DISH Gets a Little Closer to a Sprint Deal

SoftBank, the Japanese telecom that signed an agreement last fall to buy Sprint Nextel  (NYSE: S  ) , has given Sprint a waiver allowing it to talk with its other suitor, DISH Network (NASDAQ: DISH  ) .

The waiver only allows Sprint to get clarifying information about DISH's proposed buyout, and it specifically states that Sprint cannot enter into negotiations with the satellite pay-TV provider. It also forbids Sprint from disclosing any non-public information about its deal with SoftBank.

However, SoftBank allowing Sprint to determine whether or not DISH's offer would be one superior to that offered by SoftBank is certainly a tiny step toward DISH fulfilling its mobile carrier ambitions. Fool contributor Dan Radovsky explains it all in the video below.

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Related Tickers

9/30/2016 10:01 AM
DISH $54.72 Down -0.32 -0.58%
DISH Network CAPS Rating: **
S $6.55 Down -0.11 -1.65%
Sprint CAPS Rating: **