Feeds

Intel supremo backs biz pal SoftBank's billion-dollar bid for Sprint

Otellini: Japanese have made a 'very compelling' offer

Top three mobile application threats

Intel chief Paul Otellini has told a US regulator that he backs SoftBank's bid for Sprint rather than Dish Network's counter-offer.

Otellini said in a letter to the Federal Communications Commission, seen by Reuters, that the $20.1bn offer from Japan's SoftBank for the US's third largest cell network operator would be good for the marketplace.

"We need this competition in the wireless space as the ATT/Verizon model is not giving that to consumers at this time," he told the FCC.

He added that SoftBank's vision to build a high-speed third national network was "very compelling".

SoftBank is a business partner of Intel's, hence Otellini's interest in the deal, the chip-churning giant added.

"His email to the FCC reflects our view that the addition of a third competitor to the market will be beneficial to consumers and SoftBank has a reputation as being a market disrupter which can provide benefits as well," an Intel spokesman said.

Sprint is currently mulling over SoftBank's offer as well as Dish's $25.5bn counter-bid, which emerged earlier this month.

SoftBank has said that it doesn't see any reason to raise its offer after Dish's counter-bid because its deal is still a better bet.

"There is absolutely no need for that since we believe our offer is above theirs," SoftBank's founder and chief Masayoshi Son said during a briefing in Tokyo. ®

Application security programs and practises

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
Microsoft: We're making ONE TRUE WINDOWS to rule us all
Enterprise, Windows still power firm's shaky money-maker
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.