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Tuesday, January 29, 2013

Dish holds off on filing against Sprint, Softbank, (NASDAQ: DISH)

Dish Network Corp has decided against filing to block Sprint Nextel Corp's proposed deal with Softbank Corp, at least for now, citing its ongoing negotiations with Clearwire Corp and uncertainty over that company's ownership.Dish said, however, in a Jan. 28 letter addressed to the U.S. Federal Communications Commission that it does plan to participate in the next round of filings in the regulatory review of Sprint's plan to sell 70 percent of itself to Softbank.It also filed a document with the FCC on Tuesday complaining that the regulator should not have approved Sprint's recent purchase of shares of Clearwire from another shareholder, Eagle River. That deal gave Sprint majority ownership of Clearwire.Satellite television provider Dish proposed buying Clearwire for $3.30 per share earlier this month, countering Sprint's December agreement to purchase out Clearwire for $2.97 per share. Sprint already owns 50.45 percent of Clearwire.

DISH Network Corporation is a pay-television (TV) provider, with approximately 13. Shares of DISH traded higher by 1.15% or $0.43/share to $37.94. In the past year, the shares have traded as low as $26.12 and as high as $38.00. On average, 3134810 shares of DISH exchange hands on a given day and today's volume is recorded at 3788541.