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SEC

Broadband Roundup: Sprint and T-Mobile Proposal, Mobile Broadband Rising, Media Ownership Rules

WASHINGTON, June 5, 2014 – Another significant telecommunications merger proposition is underway between Sprint and T-Mobile. The Wall Street Journal reported that the acquisition would cost Sprint $32 billion, or about $40 per share in cash and stock. Sprint and T-Mobile are the third and fourth largest wireless operators in the United States, respectively. The… Keep Reading

Investor Protection Act Targets Internet Service Providers

Legislation introduced last month in Congress to provide the Securities and Exchange Commission with additional authority to protect investors from violations of the securities laws contains a section on Internet service providers. According to the text of the legislation, an Internet service provider would only be held liable if it had “actual knowledge that the material contains a misrepresentation of the kind prohibited in paragraph” or “is aware of facts or circumstances from which it is apparent that the material contains a misrepresentation” and fails to act quickly to remove or disable access to the material. Keep Reading

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