b********r
发帖数: 236 | 1 What is SoftBank's True Aim in Acquiring Sprint Nextel?
Japan's number two mobile telecommunications carrier, SoftBank (OTC: SFTBY [
FREE Stock Trend Analysis]) shook up the U.S. market yesterday after it was
confirmed that the company is in talks to acquire a controlling stake in
Sprint Nextel (NYSE: S).
Granted, SoftBank has limited growth prospects in its home market of Japan,
but why spend so aggressively on acquisitions in the United States which is
itself a mature market? An article in the Nihon Keizai Shinbun (Nikkei),
Japan's leading business newspaper, suggests that SoftBank President
Masayoshi Son really has his eye on the Chinese market.
How do we get to China through an acquisition of Sprint Nextel? It's all in
the technology.
SoftBank is committed to the TD LTE (time division long –term evolution)
standard for its 4G mobile technology. TD LTE came out of the TD SCDMA 3G
standard developed by China Mobile (NYSE: CHL). The other variant of LTE, FD
LTE (frequency division long-term evolution) was developed out of the 3G
standard used in the United States and is already being used by Verizon (
NYSE: VZ) and AT&T (NYSE: T).
China's 3G standard was only used in China but TD LTE, the 4G standard, has
been adopted by companies outside of China including SoftBank, Nokia Siemens
Networks—a joint venture between Nokia (NYSE: NOK) and Siemens (NYSE: SI)
—Qualcomm (Nasdaq: QCOM) and ST Ericsson (Nasdaq: ERIC). Commercial TD LTE
service is expected to start this year or next in China, Japan, India and
Russia. Form SoftBank's perspective, creating a large customer base for TD
LTE 4G services in the United States would give the company a leg up in
tackling the really big mobile markets of China and India by having enough
size and negotiating power to compete with the largest mobile carriers in
the world.
Where does Sprint Nextel fit in? Sprint Nextel owns a controlling stake in
Clearwire (Nasdaq: CLWR), which operates a 4G WiMax network with Sprint
Nextel as its largest customer. According to industry sources, WiMax in the
United States is being replaced by TD LTE and WiMax carriers are expected to
migrate to TD LTE over the next few years. However, Sprint Nextel itself is
rolling out FD LTE as its 4G technology standard. By acquiring Sprint
Nextel, SoftBank gets a controlling stake in Clearwire and thereby, a
significant user base for both 4G LTE standards.
Japanese press reports state that SoftBank is negotiating with major
Japanese banks for a credit line of up to $23 billion, more than enough to
complete the acquisition of Sprint Nextel. U.S. investors have speculated
that the extra cash could be used to add the acquisition of MetroPCS (NYSE:
PCS) to the mix. There has also been speculation that SoftBank's real target
is T-Mobile, a division of Deutsche Telekom (OTC: DTEGY).
Neither of these seems to make much sense, given that MetroPCS is committed
to the FD LTE standard and T-Mobile isn't committed to LTE at all. Instead,
it might make more sense for SoftBank to either bid for the part of
Clearwire that Sprint Nextel doesn't already own or, better still, to use
that funding for an acquisition in either China or India.
SoftBank's Son is a man with a very long-term vision. He has spoken about a
300-year plan for his company so it would be absolutely within character for
him to take a five- to ten-year view on the mobile markets of China and
India. SoftBank needs to bulk up to become big enough to compete globally
with Verizon, AT&T and China Mobile and the acquisition of Sprint Nextel
offers the opportunity to do just that.
Investors have taken a dim view of Son's plans. SoftBank shares fell nearly
17 percent on the Tokyo Stock Exchange overnig
Read more: http://www.benzinga.com/news/12/10/2990163/what-is-softbanks-true-aim-in-acquiring-sprint-nextel#ixzz29OMDCOwT | z**r
发帖数: 17771 | 2 写得很清楚
[
was
,
is
【在 b********r 的大作中提到】
: What is SoftBank's True Aim in Acquiring Sprint Nextel?
: Japan's number two mobile telecommunications carrier, SoftBank (OTC: SFTBY [
: FREE Stock Trend Analysis]) shook up the U.S. market yesterday after it was
: confirmed that the company is in talks to acquire a controlling stake in
: Sprint Nextel (NYSE: S).
: Granted, SoftBank has limited growth prospects in its home market of Japan,
: but why spend so aggressively on acquisitions in the United States which is
: itself a mature market? An article in the Nihon Keizai Shinbun (Nikkei),
: Japan's leading business newspaper, suggests that SoftBank President
: Masayoshi Son really has his eye on the Chinese market.
| b********r
发帖数: 236 | 3 Softbank 的 TD LTE 主要是中兴华为做的。难道孙正义预料到美国要对中兴华为放开
市场。Clearwire也应该是华为做的。 | D******e
发帖数: 1222 | 4 They should be allied with China Mobile if they want to develop TD-LTE.
Neither party is gonna enter other's customer base so not much competition
but more cooperation in TD-LTE.
[
was
,
is
【在 b********r 的大作中提到】
: What is SoftBank's True Aim in Acquiring Sprint Nextel?
: Japan's number two mobile telecommunications carrier, SoftBank (OTC: SFTBY [
: FREE Stock Trend Analysis]) shook up the U.S. market yesterday after it was
: confirmed that the company is in talks to acquire a controlling stake in
: Sprint Nextel (NYSE: S).
: Granted, SoftBank has limited growth prospects in its home market of Japan,
: but why spend so aggressively on acquisitions in the United States which is
: itself a mature market? An article in the Nihon Keizai Shinbun (Nikkei),
: Japan's leading business newspaper, suggests that SoftBank President
: Masayoshi Son really has his eye on the Chinese market.
| B******n
发帖数: 2381 | | s**x
发帖数: 7506 | | w******t
发帖数: 16937 | 7 政治体制改革之后，应该就可以了。
要保护私有财产、要容许私有资本进入市场、要容许国有资产私有化、要容许破产、战
争贷款......
看看历史，基本都是这个路子，是趋势。
【在 s**x 的大作中提到】
: 中国能开放电信给外资？不可能吧。
| s**x
发帖数: 7506 | 8
软银对土共这么有信心？ 牛阿。
【在 w******t 的大作中提到】
: 政治体制改革之后，应该就可以了。
: 要保护私有财产、要容许私有资本进入市场、要容许国有资产私有化、要容许破产、战
: 争贷款......
: 看看历史，基本都是这个路子，是趋势。
| b********r
发帖数: 236 | | b********r
发帖数: 236 | |
|
