Intel's longtime CEO, Paul Otellini, met with SoftBank leader Masayoshi Son, then voiced strong support for Son's Sprint Nextel (NYSE:S) buyout bid. "Son-sanas vision to build a high speed competitive third national network is very compelling," Otellini wrote to FCC chairman Julius Genachowski. He didn't point out any particular flaws in the competing bid from satellite TV vendor DISH Network (NASDAQ:DISH), but the letter did present a strong preference for SoftBank.
Fool contributor Anders Bylund agrees wholeheartedly. In this video, he reminds you why the SoftBank bid will help Sprint stand up to the current wireless industry's near-duopoly.