AT&T gives U.S. regulators a reason to block Softbank-Sprint deal

Now that Softbank has inked a deal to buy 70% of Sprint, AT&T has given regulators a reason to block Softbank's proposed $20.1 billion deal for 70% of Sprint; the irony is that Sprint CEO Dan Hesse continually spoke up against AT&T's proposed $39 billion acquisition of T-Mobile...
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33. MartyK

Posts: 1043; Member since: Apr 11, 2012

Ardent1, There is 4 player in the US, 2 CDMA and 2 GSM. What AT&T try to do, was reduce it 2 CDMA and 1 GSM carrier. SofBank 70% buyout of Sprint will leave 4 Player in the US, 2 CDMA and 2 GSM. Which you would agree it's nice to have 4 carriers, verse 2 or 3 carriers.

23. Izzy_V

Posts: 216; Member since: Jul 07, 2012

The reason AT&T gave doesn't carry much weight. The T-Mo. and MetroPCS merge has a higher chance of being blocked over the Sprint buyout by Softbank because unlike AT&T's failed attempt at a merge and T-Mo.'s and MetroPCS's current process for one, U.S. wireless competition won't be affected if Sprint is bought out by a foreign company since it doesn't lower the services available to the consumer.

24. DeviantDroid

Posts: 51; Member since: Apr 28, 2011

AT&T's major point I think here is that the spectrum will not be owned by a US company.... But ughhhh... Who has a Majority Stake or atleast a large stake in Verizon (Vodafone 45%) and T-Mobile (Subsidiary of Deutsche Telekom)???? Yeah non-US companies... A majority of our spectrum is already owned by foreign companies whats the big deal...

30. kg4icg

Posts: 83; Member since: May 18, 2008

Something to think about. AT&T/TMobile, thousands would have to be looking for work. Softbank/Sprint employment remains the same because of no job overlap.

34. phil2n

Posts: 519; Member since: Apr 30, 2012

i smell jealousy.. at&t try acquire T-mo and its failed because the government block it. that's why they want to block softbank..

35. InspectorGadget80 unregistered

U mad AT&T? When u bout to PURCHAT T-MOBILE everyone WAS PISS AT U NOW u don't have a right to block plus it's a bank NOT A PHONE COMPANY

41. ngo2dd

Posts: 896; Member since: Jul 08, 2011

Softbank is a phone company. They are the second largest in Japan fyi.

36. james23

Posts: 4; Member since: Oct 18, 2012

I dont like neither of them..

39. techytechtech

Posts: 33; Member since: Oct 10, 2012

somebody is scared of JAPAN, kamakazi all over again.... they will bring out these beautiful sharp phones that ntt docomo only brings out. what will be an iphone or s3 then ? nothing but a lollipop. sucky suck suck

44. floating.static

Posts: 2; Member since: Oct 04, 2012

Easiest block in the world - Sprint's/Softbank's timing couldn't be worse - - - Softbank is a significant Huawei customer... nuff said, it's all but guaranteed a DoJ/FCC block...

45. downphoenix

Posts: 3165; Member since: Jun 19, 2010

If it is blocked though, it will call into the corruption of the governemtn. Then again, those facts are proven on a daily basis. I fear this will be blocked, and I feared the ATT/TMO deal WOULDNT be blocked. Fortunately, that didnt DIDNT go through. Letting the deal go through, is a win for consumers. For one, it makes sprint a stronger 3rd place company, which means Verizon and AT&T will also have to up the ante, which means THEIR customers will benefit. T-Mobile will also be in a stronger position, assuming their MetroPCS deal goes through (which it should). It will even benefit a lot of smaller carriers, since many use Sprint's network via MVNO, so a stronger sprint network will benefit them. Really, AT&T and Verizon as companies will be the losers on this. If this deal doesn't go through, it will be the work of lobbying efforts on their part.
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