Feeds

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

Otellini: Japanese have made a 'very compelling' offer

Eight steps to building an HP BladeSystem

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. ®

Mobile application security vulnerability report

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
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
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.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.