Review it absolutely
Any foreign acquisition should be reviewed, not just for national security interests but national interests in general.
Of course it will be approved, they just approved the sale of that bankrupt battery company originally funded with stimulus dollars to the Chi-Coms.
It comes down to spectrum ownership of an outside company. The US has the same law as Canada just not as strict as Canada. SoftBank should not be allowed to take control because of those guidelines. Especially with our information going over there. Once the deal is approved who knows what Softbank will do with the deal. Hell they could be taken over by China and the US is screwed them.
Clinton Township, MI
|reply to skeechan |
Agree, but if you take a couple of other big telecom companys you have one in bed with Deutsche Telekom and the other with UK multinational mobile network operator Vodafone which may ONLY own 45% of Big red but they are still a non-domestic stock owner that has a say. So, this belly aching by big red SHOULD go nowhere. Sprint contracted out ALL its network services (switch techs) to one of Sweden's largest companies, Ericsson, who handles ALL of Sprints Wireline and wireless network maintenance and NO ONE said a thing about in in 2009. So, why would it be any different to contract out to a non-domestic company to handle your day to day network operations no more a security risk then to allow an ally buy a controlling stake or pump billions of dollars into your network? We see this every time one of these big babies gets the leg up on the other. If Sprint wasn't a threat, AT&T and Vagina wouldn't give a rats behind. But as we have seen, they are worried and they should be.
As a user of Softbank and Sprint, I'm all for the acquisition. $20B would do Sprint good and a merging of my Softbank and Sprint accounts even better although the latter is very unlikely to happen.