Home  ›  News  ›

Sprint Asks FCC for Permission to Sell Itself to Softbank

Article Comments  20  

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.

Reuters »


more news about:




This forum is closed.

This forum is closed.


Nov 16, 2012, 2:24 PM

Nice title

Based on the title of this article, it seems like Softbank is some kind of pimp, purchasing Sprint's "Boots" for several billion dollars.

Just sayin'
If the shoe fits?

Just sayin'
Well..they did pimp out their network to all those MVNO's, now it's their turn to be tricked out.

Nov 16, 2012, 4:27 PM

AT&T Dips Its Oar In

Nice of AT&T to be watching out for the US consumer that way. By golly, they are such a consumer oriented bunch of guys there trying to make sure OUR spectrum is not controlled by a foreign power.

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.
All AT&T is doing is exactly what Sprint did when it tried its failed merger.
AT&T missed the point again, by saying that Softbank a Japanese company, would own too much of US Spectrum, but forgot that T-Mobile is ALSO foreign owned by a German company and they own a ton of spectrum too. So how is this different.

Lets take ...
Amazing I didnt know that. Thank you for the information.

Nov 17, 2012, 1:48 AM

WOW! Just how low will they stoop?

Dayum! MOST Everyone at Sprint is a bonified alcoholic! This is a thinly veiled excuse to fly over to Japan on the corporate AmEx and scarf down some spring rolls and butt-chug some hot sake!

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!
wut... o.O

Nov 16, 2012, 4:29 PM

Who didn't see this coming?

Looks like Japan might end up with a very huge stake in the good old US of A. I hope they at least make things better.
we need to start learning japanese? 🤣
Page  1  of 1

Subscribe to news & reviews with RSS Follow @phonescoop on Twitter Phone Scoop on Facebook Subscribe to Phone Scoop on YouTube Follow on Instagram


All content Copyright 2001-2022 Phone Factor, LLC. All Rights Reserved.
Content on this site may not be copied or republished without formal permission.