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SoftBank Still Expects to Close Sprint Deal by July
Despite Charlie Ergen's Latest Theatrics
by Karl Bode 12:20PM Tuesday Apr 16 2013
Despite Charlie Ergen's $25.5 billion bid to acquire Sprint, SoftBank still claims they hope to have their acquisition of the deal done by July.

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"SoftBank believes that the agreed terms of our transaction with Sprint offer Sprint shareholders superior short and long term benefits to Dish’s highly conditional preliminary proposal," SoftBank said in a statement sent to the press. "The SoftBank-Sprint transaction is in the advanced stages of receiving the necessary approvals, and we expect to consummate the transaction on July 1, 2013."

Most people believe the deal will still go through, it's just ultimately going to have a higher price tag for SoftBank -- who likely has too much invested at this point to walk away.

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anonphoneuse

@comcast.net

perhaps all smaller carriers should join together

i wonder if perhaps the way to get competition for at&t and verizon is the combination of sprint, t-mobile, dish, metropcs and leap into one super carrier perhaps with softbank owning a chunk.

i sometimes wonder if having carriers that are more equal in size(both customers and coverage) with similar technology is what it would take to see some real competition based on price(and data cap size) which is what would benefit consumers the most.

it seems like the countries in europe with a few rock solid networks of similar size and scale prices are lower(at least on the big reliable networks) than in the countries with a couple big players and a bunch of smaller ones(none with great coverage or reliability.)
josephf

join:2009-04-26
Reviews:
·VoicePulse

SoftBank

"Most people believe the deal will still go through, it's just ultimately going to have a higher price tag for SoftBank -- who likely has too much invested at this point to walk away."

Who are these most people? The analysis I saw seemed to feel SoftBank will be reluctant to raise their price. And what exactly have they invested into Sprint at this point that they hadn't before announcing the deal, other than a lot of time?
brianiscool

join:2000-08-16
Tampa, FL
kudos:1

Re: SoftBank

I rather have a American company than a Japanese company running out cellular networks.

skeechan
Ai Otsukaholic
Premium
join:2012-01-26
AA169|170
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1 recommendation

Re: SoftBank

Yeah because they so such an awesome job...
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brianiscool

join:2000-08-16
Tampa, FL
kudos:1

Re: SoftBank

They do a great job and if a outside country can listen to our calls. They will for sure steal our information.
nonymous
Premium
join:2003-09-08
Glendale, AZ

Re: SoftBank

said by brianiscool:

They do a great job and if a outside country can listen to our calls. They will for sure steal our information.

Like most peoples cell calls and texts are that important anyways.
brianiscool

join:2000-08-16
Tampa, FL
kudos:1

Re: SoftBank

For business they are. Softbank must be blocked from buying Sprint. Just like we blocked the Chinese cell phone companies from establishing business here.

skeechan
Ai Otsukaholic
Premium
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Re: SoftBank

Sure, because Softbank is on par with Chinese telecom companies in bed with a hostile Chicom military already heavily involved in hacking and industrial espionage.
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brianiscool

join:2000-08-16
Tampa, FL
kudos:1

Re: SoftBank

You bet and they will data mine and sell your private information and make you bankrupt.

Dest
Bolo
Premium
join:2000-03-21
Naperville, IL

Re: SoftBank

how's Sprint/Softbank deal different than Verzion wireless being 45% own by Vodaphone (British) and Tmobile being own by Deutsche Telecom (Germany)?

skeechan
Ai Otsukaholic
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Re: SoftBank

It isn't.

skeechan
Ai Otsukaholic
Premium
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LOL, yeah.

firephoto
We the people
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join:2003-03-18
Brewster, WA

1 recommendation

said by brianiscool:

For business they are. Softbank must be blocked from buying Sprint. Just like we blocked the Chinese cell phone companies from establishing business here.

Do you know what a few of the chips in your phone do? Are the traces cut to disable features or locked by another chip in the phone? Is there a remote trigger to access data in your phone?

Your phone = electronics device designed, manufactured, assembled, tested... in China.

Do you really think spying is about tapping anything "live"?

Oh, and almost the entire Chinese economy exists as it does today because US companies put all their business there. Quit faking this us vs. them when it's US business that is creating cheaper in quality products that have unknown security to them where actual real security is needed.
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Happydude32
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1 recommendation

said by brianiscool:

They do a great job and if a outside country can listen to our calls. They will for sure steal our information.

Just like the German’s are stealing are information from T-Mobile customers and the British are stealing information from Verizon Wireless customers

I’d rather have a Japanese cell phone company merge with a US cell phone provider then have a second rate US satellite TV company that is run by a grade A asshat and cheapskate be the suitor. Softback seems to have the motivation and resources to improve Sprint. Good ole’ Cheap Chuckie seems to just want Sprint to advance his own delusional agenda. By all accounts the Blockbuster thing as an utter failure, taking over HughesNet did nothing. If Dish gets Sprit, it will be the end of the company. Chuckie has some sort of master plan offer satellite TV and internet along with cellular voice and data in conjunction with some massive library of movies available for streaming. It’s going to fail and Sprint will get lost in the shuffle and ultimately be destroyed.
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IowaMan
Premium
join:2008-08-21
Grinnell, IA
Reviews:
·Mediacom

Re: SoftBank

I couldn't have said it better myself
(Sprint iPhone 4S customer since October of 2012) I used to get a solid whopping 1 bar at my home and now I'm getting 2-3 inside very routinely. (The tower is about a mile south of my town)
brianiscool

join:2000-08-16
Tampa, FL
kudos:1

Re: SoftBank

Sounds like you need to switch to a real provider like T-Mobile.
clone

join:2000-12-11
Portage, IN
Reviews:
·T-Mobile US

Re: SoftBank

T-Mobile? Thought you didn't want 'dem 'der forrinerrs listening to your phone calls? You know who owns T-Mobile, right friend? Of course you do.

You obviously have absolutely no idea what you're talking about and should stop posting on public forums until such time that you are knowledgeable enough about a situation to add something constructive to the forum.

Having a Japanese firm at the helm will help spur innovation and expansion in a market that desperately needs competition. Selling to ol Charlie would be flushing assets down the toilet. He can stick to running Dish into the ground and leave Sprint out of it for all I'm concerned.

Don't make this into something it's not. Sprint isn't selling to China Mobile, Softbank is the 3rd largest carrier in one of mobile's largest markets (and the most advanced mobile market technology wise on the planet), not to mention a country that is solidly our ally. Go whine about the "Nips" with your grandpa.
Expand your moderator at work
nonymous
Premium
join:2003-09-08
Glendale, AZ
said by Happydude32:

said by brianiscool:

They do a great job and if a outside country can listen to our calls. They will for sure steal our information.

Just like the German’s are stealing are information from T-Mobile customers and the British are stealing information from Verizon Wireless customers

I’d rather have a Japanese cell phone company merge with a US cell phone provider then have a second rate US satellite TV company that is run by a grade A asshat and cheapskate be the suitor. Softback seems to have the motivation and resources to improve Sprint. Good ole’ Cheap Chuckie seems to just want Sprint to advance his own delusional agenda. By all accounts the Blockbuster thing as an utter failure, taking over HughesNet did nothing. If Dish gets Sprit, it will be the end of the company. Chuckie has some sort of master plan offer satellite TV and internet along with cellular voice and data in conjunction with some massive library of movies available for streaming. It’s going to fail and Sprint will get lost in the shuffle and ultimately be destroyed.

omg agree mostly.

skeechan
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1 edit
Uh huh, because we know how far behind the US, Japan is in technology. Meanwhile Softbank doesn't build the hardware just like Sprint doesn't build the hardware.
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TBBroadband

join:2012-10-26
Fremont, OH

Re: SoftBank

And the latest news on SoftBank and the other carriers in Japan is they are STILL on 3G with no real 4G network either. Great new company to take over???
openbox9
Premium
join:2004-01-26
Germany
kudos:2

Re: SoftBank

The Japanese carriers are rolling out LTE now, just like the carriers in the US.

Karl Bode
News Guy
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kudos:39

1 recommendation

They'll raise their bid. Overseas growth is their best growth option.
xenophon

join:2007-09-17

Re: SoftBank

However Softbank could gain if Sprint backs out and Softbank shareholders don't seem interested in a merger fight...

»blogs.wsj.com/moneybeat/2013/04/···yahoo_hs

Would rather see the Softbank deal go through. Dish will literally run Sprint under the terms given, they have no telcomm experience. The Sprint board/execs will want to decline Dish but the shareholders might grab the cash.

AnonMan

@comcast.net

Re: SoftBank

I actually hope SoftBank gets Sprint.

First off all Calls, Texts, Data is already monitored in our own country so even if another did it what's it matter unless you are doing top secret work, which would be encrypted anyway... The assumption should already be that all communication is unsecure anyway. You do understand that most the hardware that powers our internet backbone is manufactured in another country already anyway?

I like SoftBank because they are international. USA has TOO many greedy companies. Hopefully SoftBank will cause prices to drop more and make competition better. Look at the cost of LTE and cell service in our country vs. others, we are one of the most expensive. Same for TV and Internet.. Hopefully one of these large intl. companies comes along and steels the entire market by offering competitive prices. If prices for services had been competitive in the USA this wouldn't be an issue, but everyone is buying everyone making the market worse and worse because less competition means more cost as nothing to drive it down.

As for those saying what does SoftBank have invested in this deal already? Money. If you didn't know SoftBank has already provided Sprint millions in advance to spend. So in addition to time is money, plus remember they are looking to get a bigger footprint themselves to allow them in multiple countries to have better buying power for hardware... Who do you think can buy phones cheaper, an USA only company or one that does business in USA and Asia market? Probably the bigger one

And yes, they have a clause they get 600 million break up fee, but they rather get a stake in sprint vs. a break up fee.

I am glad to see a new player in the game to shake things up. If it works out and you don't like it because they are international, switch to another provider.
openbox9
Premium
join:2004-01-26
Germany
kudos:2

Re: SoftBank

said by AnonMan :

Hopefully SoftBank will cause prices to drop more and make competition better. Look at the cost of LTE and cell service in our country vs. others, we are one of the most expensive. Same for TV and Internet.. Hopefully one of these large intl. companies comes along and steels the entire market by offering competitive prices.

Why do so many people keep thinking this? Prices aren't going to drop. Softbank doesn't compete on price in Japan with the two larger nationwide carriers and service isn't even low cost here.
said by AnonMan :

I am glad to see a new player in the game to shake things up.

I hope you get what you want, I just don't see it happening.

skeechan
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Re: SoftBank

The prices are cheaper in JPN with their majors than it is in the US with US majors. I don't see any major US carrier doing unlimited voice/data/txt for $60. You see some like Straight talk but they aren't true unlimited (at least for data). They start giving you a hard time at 2GB.
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openbox9
Premium
join:2004-01-26
Germany
kudos:2

Re: SoftBank

Not really. The three are all about equally priced. Softbank's "iPhone special" saves a little. I have an "iPhone special" from last year with the SIM in my Galaxy Nexus. Works ok. I think I was misguided about how I thought Japan's wireless services were going to be "awesome". I'll save perception for South Korea I guess, because I'm honestly not that impressed with Japan's offerings.

skeechan
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1 edit

Re: SoftBank

What major US carrier does unlimited everything for $60 and by unlimited I mean unlimited...not unlimited but really 2GB cap (like Straight Talk)?

Everything is awesome in a headline with the asterisk, "* where available". You go to Morioka or Iwate and go 10km out of city center, service will be mediocre at best. Even in all-mighty Korea, if you aren't in Seoul, service blows just like here. If you don't have Cox, or Verizon FiOS or other major MSO, you are stuck with 5Mb, capped service, etc. We could run around Tokyo or Seoul with headlines like 1GB for $70 or free 5Mb service that Google provides, but if you miss mentioning that no one but 8 people can get it, it looses its meaning, meanwhile the nerd forum in Seoul will be full of people asking why they can't get free 5Gb service like "the US has".

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openbox9
Premium
join:2004-01-26
Germany
kudos:2

Re: SoftBank

I don't know and don't care unlimited in the states. Unlimited is marketing as far as I'm concerned.

You are correct regarding the caveats. I wrongly believed the hype that I've read about ubiquitous, low cost, high speed, mobile broadband access across Asia. As you suggest, that reality is simply no different than it is in the states. I'm in northern Japan and the farmland here is no better served than the farmland in the US. Docomo is decent, Softbank is below average, and I wouldn't even waste my time with au. Disregarding the cost, I miss my consistent VZW service and coverage.

skeechan
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Re: SoftBank

Unlimited isn't merely marketing if you actually use the service. 2GB is nothing is you are using streaming video such as a slingbox app for example. I use 60-120GB/mo with my WiMAX service and 10GB/mo with Sprint, despite the 3G throughput. Meanwhile Softbank's all unlimited is cheaper than the limited plans currently offered by Sprint, or Verizon, or AT&T.

Meanwhile it is understandable to have believed the hype. Sites like DSLR constantly propagate these myths about broadband and wireless telecom in Asia.
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skeechan
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It's their ONLY growth option. The Japanese market is saturated.
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bobjohnson
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Reviews:
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·T-Mobile US
·Sprint Mobile Br..
said by Karl Bode:

They'll raise their bid. Overseas growth is their best growth option.

And really their only growth option. Japan is a small country with an aging population. Softbank definitely has a growth opportunity here and I'm supporting it.

bwlupus

@optonline.net

For Softbank

I second seeing Sprint in the hands of Softbank.

I think they have a much better vision for Sprint then Dish. If they are willing to bring outside features to the market and develop sprint, I'm for it.

I cant see Dish and sprint screams Sprint/Nextel all over, I don't believe it would end in positive impact.
xenophon

join:2007-09-17

Re: For Softbank

Agree. Those opposed to Sofbank appear to be based on xenophobia rather than understanding the long term strategy of either option. Softbank plan is sound, Dish is whimsical and they have no telcom experience.

firephoto
We the people
Premium
join:2003-03-18
Brewster, WA

Why all the cheering for SoftBank?

Seems suspicious really. Only yesterday in reading the news of Dish' offer did I see a note saying it was a Japanese related company. A company that exists as Wall St. wet dream mosty. Services and no products catering to whatever is popular today. Japanese are the king of things you can see and touch and feel, that is where the quality is.

Dish has existed on the leading edge of technology since they started with hardware, services, all of it top to bottom yet people cheer for the company that will bring you the next version of what you already have. pathetic really.

But I guess if SoftBank can bring you the new iPhone days early! wow, breathtaking really.
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