DISH Network Corp. announced that it has submitted a bid to acquire Sprint Nextel Corp. for $25.5 billion. We are revising our CreditWatch listing on Sprint Nextel to developing from positive. We will continue to monitor developments regarding the competing bids by DISH and SoftBank and could raise, lower, or affirm the 'B+' corporate credit ratings on Sprint Nextel depending on which company is the ultimate acquirer. On April 16, 2013, Standard&Poor's Ratings Services revised its CreditWatch listing on Sprint Nextel Corp. to developing from positive following DISH Network Corp.'s announcement that it is offering to acquire Sprint Nextel for $25.5 billion. The proposal would consist of $17.3 billion of cash and $8.2 billion of stock and would
