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.
Vivo Launches All-Screen NEX Phone Outside China
Jul 9, 2018
Vivo today announced that its all-screen NEX flagship phone will be launching this month in Russia, India, Malaysia, Hong Kong and Taiwan, making it available in the global unlocked market. The international model supports LTE bands 2/4/5/12/25/26/41, meaning basic support for AT&T and T-Mobile networks, as well as full support for the CDMA and LTE bands used by Sprint.
Justice Dept. Gives AT&T-Time Warner Judge a Way Out
May 1, 2018
The Justice Department, during closing arguments of its case against the AT&T-Time Warner merger, suddenly suggested the judge weigh "alternative" remedies should he choose not to block the deal. The Justice Department has fought against the merger from the start, saying AT&T would use Time Warner's content as a weapon against consumers, raising prices and limiting competition.
Sprint Woes Weigh on SoftBank CEO Masayoshi Son
Aug 12, 2015
SoftBank's plans for Sprint have not unfolded as CEO Masayoshi Son hoped. Son initially believed a merger with competitor T-Mobile would serve the carrier, but was dismayed when U.S.
Japan's SoftBank to Buy UK's ARM for $32 Billion
Jul 18, 2016
SoftBank today announced plans to buy ARM Holdings for $32 billion. SoftBank runs one of Japan's largest wireless networks and is the parent company of Sprint in the U.S., while ARM designs and licenses the Cortex-branded mobile processors often found in today's smartphones and tablets.
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?
https://www.phonescoop.com/articles/discuss.php?fm=m ... »
He pretty much answered some of the concerns. ;)