SoftBank's intention of purchasing a 70% stake in Sprint is one of the month's bigger news stories (at least so far), so it's no wonder that today we're seeing other carriers coming out and stating some issues they have with the proposed acquisition. One of these carriers is AT&T, which is warning FCC regulators today to closely examine this buyout and its potential consequences. Specifically, AT&T seems concerned over the fact that SoftBank acquiring Sprint means that SoftBank will also take control of Clearwire, giving it a large amount of wireless spectrum.
SoftBank's desire to purchase a majority stake in Sprint last week, but today, the two companies confirmed the deal. SoftBank will pay out $20.1 billion to take control of a 70% share in Sprint, with $12.1 billion of that going to current Sprint shareholders as consideration for the buyout. The rest of the money - all $8 billion of it - will be given to Sprint as new capital.
AQUOS 104SH, slated for Japanese carrier Softbank. Details on the new device were announced by Softbank, along with other handsets from Sharp, Panasonic and Dell. The 104SH is definitely the pick of the litter, with a 4.5-nch 1280 x 720 screen, 1.5GHz dual-core TI OMAP4460 CPU, a 12.1-megapixel camera and a IPX5/IPX7 water resistance rating. Pricing on the new phone wasn't announced, but Softbank is aiming for a Spring 2012 release window.