Sprint minority shareholders voice approval of DISH deal

18 Apr 2013

DISH Network’s surprise USD25.5 billion proposal to take over Sprint Nextel has been welcomed by two of the mobile carrier’s best known minority shareholders, Bloomberg reports. Leon Cooperman, CEO of Omega Advisors, which holds a 1.9% stake in the company, told the news agency: ‘We like the DISH offer and think it is superior to Softbank’. The endorsement follows favourable comments yesterday from fellow shareholder, billionaire John Paulson, who holds a 4.2% stake. He declared: ‘[DISH] is contributing valuable spectrum, 14 million subscribers, cost synergies and revenue synergies. DISH needs to firm up the financing, but it’s a compelling offer’.

United States, DISH Network, Sprint Corporation (now part of T-Mobile US)