Complete investor presentation.

On behalf of DISH Network Corporation (“DISH”), I am submitting this proposal for a merger between DISH and Sprint Nextel Corporation (“Sprint”). Our proposal provides Sprint shareholders with a superior alternative to the pending Sprint/SoftBank transaction. It provides a superior cash proposal and affords your shareholders the opportunity to participate in a combined DISH/Sprint, which will benefit from substantial synergies and a significantly-enhanced strategic position.

DISH Network Corporation and Sprint Nextel Corporation: DISH’s merger proposal for Sprint includes a consideration of $25.5 billion, comprised of $17.3 billion in cash and $8.2 billion in DISH stock. Including the assumption of debt, the total value of the transaction is $35 billion.

1. What is the strategic rationale for this proposal? With data consumption growth forecasted to outstrip the current mobile providers’ capacity, we decided to pursue this transformative merger to stay ahead of current consumer, technology and competitive trends. Together, DISH/Sprint will hold a game-changing position that provides a real alternative to the entrenched telecom and [...]