Sprint Nextel Merger: Softbank Doesn't Change Plans Following Dish Network's $25.5B Offer

The battle to acquire Sprint Nextel is heating up following Dish Network's $25.5 billion offer.

The offer by the satellite company comes after Softbank made an initial offer of $20 billion last October.

What does Softbank think now following Dish's input?

Softbank CEO Masayoshi Son stated his company will not increase their offer and attempted to give Sprint shareholders a convincing argument.

"Some people ask me, 'Won't Softbank be increasing its price for the offer?'" said Son. "Why should we? We are already providing a better deal than the Dish proposal."

The Softbank deal includes acquisition of 70 percent of Sprint's stake. Dish has further noted it would pay a $600 million cancellation fee if the deal falls through.

Ahead of Sprint shareholders' vote in June, Son added that the merger with Softbank would make both carriers among the largest in the world.

"Softbank plus Sprint, together we would become the biggest customer for procuring from Ericsson. We would be the biggest customer from Alcatel-Lucent. We would be the biggest customer from Samsung. We would be almost the biggest for (the) iPhone as well," Son said.

The Softbank CEO further noted that the Dish offer will not be immediate and would see delays in payment while he's offering cash immediately.

Whoever wins the bid, Sprint has plenty to work for. As Latinos Post reported, Sprint's latest first-quarter results saw $8.79 billion in revnue, up from the $8.73 billion from a year ago, however, the carrier did lose 415,000 subscribers. As for subscriber gains, Sprint netted 12,000 new customers.