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Intel backs SoftBank's bid for Sprint Nextel |
April 30, 2013
Intel has backed SoftBank's bid for Sprint Nextel, citing that the deal would bring needed competition in the wireless space in the U.S.In a letter to Federal Communications Commission Chairman Julius Genachowski, Intel CEO Paul Otellini said that SoftBank Chairman and CEO Masayoshi Son's "vision to build a high speed competitive third national network is very compelling."The competition in the wireless space is needed as the model provided by AT&T and Verizon Wireless is not giving that to consumers at this time, Otellini said. "I just wanted you to know where I and Intel stand on this important matter," he added.It is not clear why Intel has taken a position in favor of the deal between SoftBank and Sprint Nextel, which is facing a rival bid from Dish Network. The satellite TV service provider made a US$25.5 billion bid to acquire Sprint earlier this month.To read this article in full or to leave a comment, please click here
Link: http://www.pcworld.com/article/2036812/intel-backs-softbanks-bid-for-sprint-nextel.html#tk.rss_all
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