said by FFH:Considering Sprint will own over half of the "new" company, they maintain the majority. I'm sure VZ and AT&T are filling the plane now with lobbyist en-route to DC trying to get this deal delayed or killed.
Looks like the 2 big cable companies will have a big say in how this new venture is run and between the 2 of them have significant power on the board of directors. Therefore, I can't see this venture as competing against the cable companies fixed infrastructure. This new venture will be used to get in to areas where cable is not widespread and also as a mobile wireless adjunct to their core business.