DISH Network has requested the Federal Communications Commission to put on hold its merger review of Sprint and Softbank, until there is clarity on the outcome of Clearwire bidding process. Markets expected Sprint to close the merger with Softbank and then proceed to acquire the remaining 50% stake in Clearwire (NASDAQ: CLWR). However, DISH joined the race earlier this month, beating Sprint’s offer by $500 million coupled with a $2.2 billion offer for 24% of Clearwire’s spectrum. (see How Much Pain Can Dish's Clearwire Bid Inflict On Sprint?) Given this new development, Sprint investors are bound to be nervous until there is clarity if the Softbank-Sprint merger will go through.