Sprint Asks FCC for Permission to Sell Itself to Softbank
Nov 16, 2012, 11:43 AM by Eric M. Zeman
Sprint has filed the necessary paperwork with the Federal Communications Commission seeking approval of its proposed partial acquisition by Softbank. Japan's Softbank is looking to acquire 70% of Sprint for $20.1 billion. The deal was announced earlier this year. According to Sprint, the transaction will spur investment and innovation in the wireless industry and will benefit consumers. Sprint also needs permission for Softbank to take a controlling interest in Clearwire, in which Sprint is the largest investor. Sprint and Softbank hope to close the deal by the middle of 2013. AT&T has cautioned that the FCC should look closely at the amount of spectrum that Softbank, a non-U.S. firm, will gain control of if the transaction is approved.
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Comments
Nice title
Just sayin'
Just sayin'
AT&T Dips Its Oar In
Of course AT&T misses the point. No company controls spectrum in the US, companies buy the rights to use it eitrher directly from the government is an auction or on the secondary market. Control of it is ultimately in the hands of the people as expressed by through the FCC. It can be made worthless or taken away if necessary. Anyone who doubts this need only try to tune their FM radio to 45 MHz, the original US FM band, to receive a station.
Lets take ...
(continues)
WOW! Just how low will they stoop?
This is the same company that in Kansas City refers a local bar as an executive meeting room and jokes openly about having management team builders concerning building up their alcohol tolerence and on Orlando the local Applebees asked them kindly not to come back again formally as a group.
Watch Out Kobe Steakhouse! The tawagoto is gonna hit the fan NOW!
Who didn't see this coming?
