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Comments on news posted 2012-10-16 12:35:43: With SoftBank's recent acquisition of Sprint, estimates suggest that roughly around 45.3 percent of the United States wireless market is now foreign owned. ..

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ciucca

join:2004-05-24
Westfield, NJ

100% of Wireless infastructure Foriegn Owned

Ericsson
Alcatel-Lucent
Nokia
Huawei

All of communications equipment is either owned by foreign companies, or manufactured in foreign countries. Your communications networks are built and monitored in India and China.

It's already too late!!

gogorichie

join:2005-04-14
Palatine, IL

I was just thinking that


ke4pym
Premium
join:2004-07-24
Charlotte, NC

Ask Canada (eh?)

How their communications thing is going since they don't allow foreign investors or companies to run their telecommunications...


pnh102
Reptiles Are Cuddly And Pretty
Premium
join:2002-05-02
Mount Airy, MD

Is This a Problem?

Most publicly traded companies have some level of foreign ownership. Since when did this become a crime?

The high prices we pay for cellular service are more the result of a lack of competitors than the fact that they have significant amounts of foreign ownership.

Case in point... a foreign car company cannot charge substantially more for the same class/type of car than a domestic company, simply because it is a foreign company (though factors like quality and such might justify a higher price).
--
Romney/Ryan 2012 - Put a couple of mature adults in charge.

xenophon

join:2007-09-17

ATT Wireless was partly owned by NTT Docomo back in 2000

All of them have been involved with foreign investment.

brianiscool

join:2000-08-16
Tampa, FL
kudos:1

Falling Behind

What happened to the days when the USA owned 100% ownership. We need to stop sharing our technolgies and inventions. This will stunt the growth overseas and allow us to catch up in technology. Also we need to make USA products only and make the price cheaper just for Americans. Stop exporting and just work on our own country.

toro

join:2006-01-27
Scarborough, ON
Reviews:
·Bell Sympatico

reply to ke4pym

Re: Ask Canada (eh?)

said by ke4pym:

How their communications thing is going since they don't allow foreign investors or companies to run their telecommunications...

It's working so well for us we have some of the highest prices for telecommunications
--
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»www.voipfan.net


thegeek
Premium
join:2008-02-21
right here
kudos:2

reply to brianiscool

Re: Falling Behind

Yes, because that works so well for North Korea.


Simba7
I Void Warranties

join:2003-03-24
Billings, MT

reply to brianiscool

said by brianiscool:

What happened to the days when the USA owned 100% ownership. We need to stop sharing our technolgies and inventions. This will stunt the growth overseas and allow us to catch up in technology. Also we need to make USA products only and make the price cheaper just for Americans. Stop exporting and just work on our own country.

Good luck with that happening. We'd actually have to build here in the U.S. but that would reduce their profits.. and I highly doubt the investors would let that happen.

Mmmmm.. Profits!
--
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WifeWS[A64@2G,2G RAM,120G HDD,Win7]
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tshirt
Premium,MVM
join:2004-07-11
Snohomish, WA
kudos:3
Reviews:
·Comcast

reply to brianiscool
Better yet, Americans need to INVEST in AMERICA.
Stop wasting every paycheck on worthless foo-foo toys, and begin a savings program based on MADE HERE.
Buy US bonds, buy US companies, buy US products.

Every other developed nation has higher taxes, higher savings, and better ownership rates.


clocks11

join:2002-05-06
00000

Not sure the 45.3% number is correct

Does it factor T-Mobile buying MetroPCS? Does it factor Carlos Slim (Mexico) owner a huge chunk of the prepaid market (Net10, Tracfone, Straight Talk, etc...)

So the government doesn't allow AT&T to buy the German T-Mobile, but we can sell all our companies to foreign entities? Great plan regulators!

bgraham

join:2001-03-15
Smithtown, NY
Reviews:
·VOIPo
·Verizon VoiceWing

reply to tshirt

Re: Falling Behind

said by tshirt:

Better yet, Americans need to INVEST in AMERICA.
Stop wasting every paycheck on worthless foo-foo toys, and begin a savings program based on MADE HERE.
Buy US bonds, buy US companies, buy US products.

Every other developed nation has higher taxes, higher savings, and better ownership rates.

Years ago US corporations in their greed, decided that they could make more money short term by outsourcing manufacturing and engineering to third world placed like China and India. Well, now those places are the manufacturing and engineering experts of the world. They outshine the US in manufacturing, plus they have a lot of our $'s to develop their markets even further within the US.

If the US continues to give vast amounts of our money to overseas manufacturers and the foreign oil imports, there will be nothing left.


jseymour

join:2009-12-11
Waterford, MI

I Remember When U.S. Textile Workers...

At least I think it was U.S. textile workers, as more-and-more of their livelihood got shipped overseas, U.S. textile operations closed-down and the workers were dismissed, saying "Wait. It'll be your industry, some day."

Looks like they were right.

Some of it doesn't even make sense. If the U.S. wireless market is profitable for Softbank, why wouldn't it be profitable for some U.S. investor? Then there was the tainted pet food scandal a few years ago. Why is the biggest producer of wheat in the world importing wheat gluten?

Jim


thegeek
Premium
join:2008-02-21
right here
kudos:2
Reviews:
·Suddenlink

said by jseymour:

If the U.S. wireless market is profitable for Softbank, why wouldn't it be profitable for some U.S. investor?

Huge profit right now or delayed profits over years. The current owners are going for the big payday today instead of a steady income later. Likely because they feel that the income won't remain as steady later.


ArrayList
netbus developer
Premium
join:2005-03-19
Evanston, IL

reply to pnh102

Re: Is This a Problem?

I agree completely, this is a false problem.

WHT

join:2010-03-26
Rosston, TX
kudos:5

reply to toro

Re: Ask Canada (eh?)

Hahahahahaha.... Good one.


Woody79_00
I run Linux am I still a PC?
Premium
join:2004-07-08
united state

We were warned s back in 1992.....

»en.wikipedia.org/wiki/Giant_sucking_sound

»www.youtube.com/watch?v=Rkgx1C_S6ls


This man warned us back in 1992 what would happen...but the American public wouldn't listen.

not much you can do about that....it is what it is.

Kearnstd
Elf Wizard
Premium
join:2002-01-22
Mullica Hill, NJ

reply to pnh102

Re: Is This a Problem?

really Telecom, Entertainment and Energy are the three primary offenders for lack of competition. Entertainment is becoming a shining example in that cable companies are being allowed to own the points of origin, Disney owns so much that you cant drop tungsten rod from orbit without hitting some company they own.

pretty much every other industry has to do something to make me want their brand instead of the dozen or more others.
--
[65 Arcanist]Filan(High Elf) Zone: Broadband Reports

praetoralpha

join:2005-08-06
Pittsburgh, PA

45% 100%

Doesn't matter if 45% is foreign owned if 100% of it is shit.

Sammer

join:2005-12-22
Canonsburg, PA

reply to tshirt

Re: Falling Behind

said by tshirt:

Better yet, Americans need to INVEST in AMERICA.

What is patriotic about investing in corporations with short sighted management that only cares about short term profits? There was a time when American corporations invested long term in our country and American statesmen (not politicians) cared more about making our future better rather than just winning the next election but where is such leadership today? If there was real INVESTMENT in AMERICA we would now be talking about how fiber optic communications would be brought to over 85% of U.S. homes the same way bringing high speed highways to America was talked about in the 1950s.

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