Telecommunications Law360 provides breaking legal news and analysis on the telecom industry. Coverage includes litigation, policy developments, and deals involving telecom service providers, broadcast companies, Internet infrastructure companies, equipment makers, and more.
Federal Communications Commission Chairman Ajit Pai announced a proposal Tuesday, with few public details, that would pump more than $500 million into small rural broadband carriers and local cooperatives in order to bolster rural high-speed broadband deployment, while also imposing new anti-abuse rules.
Major European trade organizations told the U.S. Supreme Court that if the justices overturn a decision quashing a warrant served on Microsoft and allow the U.S. Department of Justice to grab data stored overseas, they would place international companies in the uncomfortable position of having to choose between violating European privacy laws or an American search warrant.
Ramius Advisors LLC, a shareholder of both Qualcomm Inc. and NXP Semiconductors NV, became the latest to decry Qualcomm’s $37.7 billion buyout bid for NXP, saying Tuesday it plans to vote against the deal because the offer is too low.
Regardless of whether new legislation is enacted, dramatic changes to the Committee on Foreign Investment in the United States have arrived. In 2017, a much “stickier” CFIUS process resulted from concerns about China and a broader worry that international trade has not always benefited the United States, say attorneys with Wilson Sonsini Goodrich & Rosati PC.
With so much mergers and acquisitions news this week, you may have missed several deals announced in the last several days helmed by firms such as Latham & Watkins LLP and Hughes Hubbard & Reed LLP. Here, Law360 recaps the ones you may have missed.