Tag Archive: sprint


Sprint and T-Mobile

In a television interview on Monday night, Sprint chairman Masayoshi Son said he wants to buy smaller wireless carrier T-Mobile US and plans to press forward despite likely opposition from regulators. Son told Charlie Rose of PBS that a combination of the nation’s third- and fourth-largest wireless companies would enable Sprint to better compete with industry giants Verizon Communications and AT&T. When asked if a deal is in place, Son said he has yet to come to an agreement with T-Mobile. He also expressed uncertainty over whether a deal will happen. “We have to give it a shot,” Son said. “We would like to make the deal happen, but there are steps and details that we have to work out.” Son, who is also the chief executive of Japan’s SoftBank, led a $21.6 billion buyout of Sprint last year after fending off competing bids from Dish Network (DISH).

Read the full story at Fox Business.

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The Justice Department has asked the Federal Communications Commission to delay red-stamping Sprint’s planned $20 billion deal with Japan’s SoftBank, saying it wants to study the national security implications.

sprint_softbank_logos

The FBI and Homeland Security Department “are currently reviewing this matter for any national security, law enforcement, and public safety issues but have not yet completed that effort,” a Justice Department lawyer said in a letter to the FCC.

“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,” the letter continued.

Sprint, for its part, characterized the request as routine.

“This is a routine request when working with the [U.S. government] agencies regarding national security,” Sprint said in a statement.

The No. 4 U.S. carrier, T-Mobile, is already in foreign hands as a unit of Deutsche Telekom, while Verizon Wireless is partly owned by Vodafone.

The request from the DOJ was reported earlier Tuesday by Bloomberg. Dish Network, which like Sprint is bidding for Clearwire, has also asked the FCC to hold off on approving the Softbank deal.

Sprint is still aiming to close the deal in mid-2013.

A first look at Apple’s thinner, smaller, cheaper tablet. For more technology stories, click here: abcnews.go.com

Watch today’s Pocketnow Daily as we go through the photos of the Sony Nexus X that were recently discovered. Then we talk about the leaked price rage that we may find for the iPad Mini later this month along with the possible storage and wireless variances. We then discuss Softbank’s recent purchase of Sprint, which still doesn’t necessarily mean anything good or bad for current customers. Then we go through our coverage of the LG Optimus G and our first impressions. We end today’s show by talking about Microsoft’s new Xbox music and what’s good and bad about it. All this and more after the break.
Video Rating: 4 / 5

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