SoftBank increased their bid from $20.1 billion to $ 21.6 billion. Sprint's scheduled shareholders' meeting has been postponed and re-scheduled on June 25, after the recent progress of SoftBank's offer.

The increase in Softbank's cash injection to $ 4.5 billion brings the total cash consideration to $ 16.5 billion, according to Sprint.

Paulson & Co, Sprint's second largest share holder expressed inclination to vote in favor of SoftBank.  This decision came after an evaluation that Dish's bid is least likely to increase. Due to this anticipation, further discussion with Sprint had been put to a haltSoftbank

Dish's unsolicited offer came at $25.5 billion, last year after SoftBank's initial bid of $ 20.1 billion. The Japanese TelCo giant's bid has now increased to $21.6 billion. The satellite company earlier expressed that the offer is formal. It is not yet certain if the statement meant to express if the bid is final. However due to the recent progress of SoftBank's offer, Dish is given until June 18 to provide their final offer.