Sprint Nextel responded to petitions to deny its acquisition by...
Sprint Nextel responded to petitions to deny its acquisition by SoftBank, arguing the “potential public interest benefits” are “substantial” and the “potential for competitive harm is non-existent” (http://bit.ly/Vbf4f6). After the deal, which would also see a Sprint purchase of the…
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Clearwire shares it doesn’t already own, “the combined entity will have the scale and resources to better compete” with AT&T and Verizon Wireless on price, service, technology and availability of consumer devices, Sprint said. The various petitions to deny “seek to raise private business disputes that have nothing to do with these transactions,” or attempt to “bolster positions in pending shareholder litigation that lie well beyond this Commission’s jurisdiction,” Sprint said. “Tellingly, not a single competitor of Sprint or Clearwire raises any concern that these transactions will harm competition.” The transactions raise no spectrum aggregation concerns, and there is “no justification” to revise the spectrum screen as proposed by Verizon Wireless, Sprint said. Many of the remaining issues raised in the record are either non-transaction specific, or are beyond the commission’s jurisdiction, Sprint said.