Please find this week's selection of up to date news and
developments in Mobile Broadband and the Internet of Things/M2M
Communications Industries provided for your reading enjoyment and
You can be sure that both the FCC and the Department of Justice
will carefully scrutinize this transaction.
Mr. Genachowski officially ended his stewardship of the FCC as
Chairman on May 17, 2013. The following day, Commissioner
Mignon Clyburn assumed the role of Acting Chairwoman if and until
Mr. Wheeler can be confirmed.
We congratulate Tom Wheeler on his FCC nomination.
In exchange for new capital of $8.0 billion and an additional
$12.1 billion to be distributed to shareholders, SoftBank will
acquire a 70% ownership interest in a new entity known as New
The Senate Commerce Committee, which directly oversees the FCC
and from which the FCC receives its suggested priorities, held its
first oversight hearing of the year last Tuesday.
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