AT&T: Sprint-SoftBank deal gives Japanese 'control of significantly more US wireless spectrum..."

[Ry]

AT&T: Sprint-SoftBank deal gives Japanese 'control of significantly more US wireless spectrum..."

AT&T: Sprint-SoftBank deal gives Japanese firm 'control of significantly more US wireless spectrum than any other company'

The viability of SoftBank's majority acquisition of Sprint is a big question as the deal progresses through various regulatory bodies in the coming months, but AT&T may be signaling today that it could take issue in a statement released by vice president Brad Burns:

AT&T: Softbank's acquisition of Sprint and the control it gains over Clearwire will give one of Japan's largest wireless companies control of significantly more U.S. wireless spectrum than any other company. We expect that fact and others will be fully explored in the regulatory review process. This is one more example of a very dynamic and competitive U.S. wireless marketplace, which is an important fact for U.S. regulators to recognize.

 

[gollum18]

Reply

Ry correct me if I'm wrong but doesn't a foreign company also own the majority stake in att. So doesn't that alone just negate any opinion they have in the matter?

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[GiantJay]

Sprint was the last to sell out to a foreign company. Att, Verizon and tmobile are all owned by foreign companies.

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[Ry]

Re: Reply

Ry correct me if I'm wrong but doesn't a foreign company also own the majority stake in att. So doesn't that alone just negate any opinion they have in the matter?

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Which company?

T-Mobile USA is in with the Germans.
Verizon Wireless is in with the British.

 

[jean15paul]

Re: AT&T: Sprint-SoftBank deal gives Japanese 'control of significantly more US wireless spectrum...

Sprint was the last to sell out to a foreign company. Att, Verizon and tmobile are all owned by foreign companies.

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My understanding is that Sprint, Verizon, and AT&T are all publicly traded American companies. T-Mobile is privately owned by Deutsche Telekom (a German company) but that's about to change with the T-Mobile and Metro merger, assuming it happens. It would make T-Mobile publicly traded on NYSE.

 

[Ry]

Re: AT&T: Sprint-SoftBank deal gives Japanese 'control of significantly more US wireless spectrum...

My understanding is that Sprint, Verizon, and AT&T are all publicly traded American companies. T-Mobile is privately owned by Deutsche Telekom (a German company) but that's about to change with the T-Mobile and Metro merger, assuming it happens. It would make T-Mobile publicly traded on NYSE.

Verizon Wireless is a partnership between Verizon and Vodafone (55/45).