The FCC established IB Docket No. 12-343 as the pleading...
The FCC established IB Docket No. 12-343 as the pleading cycle for SoftBank’s proposed purchase of 70 percent control of Sprint Nextel. SoftBank agreed in October to buy the ownership stake for $20.1 billion cash (CD Oct 16 p1). Petitions…
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to deny the deal are due Jan. 4; oppositions are due Jan. 22, and replies Feb. 1, the FCC said Friday. “The applicants assert that the proposed transaction will benefit consumers by promoting greater wireless competition and broadband innovation and deployment,” the FCC said in a public notice. “The applicants also contend that, because SoftBank and Sprint are not competitors, and SoftBank has no attributable interests in any other U.S. wireless carriers, its acquisition of a controlling interest in Sprint will not have adverse competitive effects or other public interest harms."