Feeds

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

Otellini: Japanese have made a 'very compelling' offer

Intelligent flash storage arrays

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. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.