Justice Dept. Wants FCC to Defer Sprint-Softbank Review
The Department of Justice today asked the Federal Communications Commission to defer its review of Softbank's proposed 70% equity acquisition of Sprint. According to a letter sent to the FCC by the DoJ, it wants time to conduct its own review for any possible security concerns. The letter read, in part, "The Department of Justice, including the Federal Bureau of Investigation, with the concurrence of the Department of Homeland Security, requests that the Federal Communications Commission defer action on the above-referenced matter. DOJ, DHS, and FBI are currently reviewing this matter for any national security, law enforcement, and public safety issues but have not yet completed that effort. We therefore request that the Commission defer action until such time as the Agencies notify the Commission of the completion of their review and, based on the results of such review, request appropriate action by the Commission." Softbank, which offered $20.1 billion for a controlling stake in Sprint, is based in Japan. Sprint competitor AT&T last year warned that federal regulators should weigh giving control of so much U.S. spectrum to a foreign firm. The FCC has not officially responded to the DoJ's request.
Alcatel Announces the Idol 5S with Stereo Speakers
Alcatel today marked the debut of the Idol 5S, the latest in its flagship series. Like its predecessors, the 5S features an aluminum frame, curved glass front and rear surfaces, powerful stereo speakers, and a rear-mounted fingerprint reader.
Galaxy S8 to Cost $750, S8+ to Cost $850: Carriers Share Launch Details
Samsung's new Galaxy S8 and S8+ smartphones will cost $750 and $850, respectively. The phones share almost all features other than size and both ship with 64 GB of internal storage.
FCC and Justice Dept. Likely to Approve AT&T-DirecTV Deal
The FCC and Department of Justice are wrapping up their review of AT&T's proposed $49 billion acquisition of DirecTV and don't have any real concerns, according to people familiar with the matter. The agencies may still impose conditions on the deal, but aren't likely to block it, says the Wall Street Journal.
Justice Dept. Suggests FCC Limit AT&T, Verizon Auction Participation
Officials at the Justice Department are concerned AT&T and Verizon will dominate the upcoming 600MHz auction if more protections aren't put in place by the FCC. The agency filed a letter with the FCC this week suggesting the FCC give more weight to the concerns of companies such as Sprint and T-Mobile, which seek to limit AT&T and Verizon's participation.
Here you have it....
Softbank will obtain Sprint, Sprint will obtain Clearwire, AT&T and Verizon will be pooping bricks....
AT&T is worried
AT&T will do what ever it takes to slow, block, interfere with the growth of a competitor. They know this will significantly harm their business due to the enhanced, formidable competition.
A big plus for consumers however.
Has D.C. forgotten about T-mobile?
http://www.phonescoop.com/articles/discuss.php?fm=m& ... »
He pretty much answered some of the concerns. ;)