• The FCC has established a pleading cycle with regard to the plan of SoftBank Corp., a Japanese holding company, to buy a 70% stake in Sprint Nextel Corp. for $20.1 billion. The companies seek authorization to transfer various licenses and facilities, as well as a declaratory ruling that the transaction is consistent with the public interest under the 25% foreign-ownership benchmarks in the Communications Act. By virtue of Softbank’s 70% interest in Sprint, SoftBank would indirectly acquire Sprint’s interest in Clearwire Corporation, a wireless broadband internet provider. Petitions to deny the merger are due January 4, 2013, oppositions to the petitions to deny are due January 22, 2013, and replies are due February 1, 2013. Those filing petitions to deny become parties to the proceeding and may participate fully in the proceeding, including seeking access to any confidential information filed under a protective order, seeking reconsideration of decisions, and filing appeals of a final decision to the courts. Filings should be made in IB Docket No. 12-343. The Public Notice is available here.