SoftBank Deal for Sprint Gains FCC Approval
The FCC has officially approved the SoftBank $21Bn deal for Sprint.. Congrats to @Masason and his team! http://bit.ly/16aNtgx
As We Had Noted Here last October: “disruptive and exciting times ahead” [Eds]
Sprint Nextel cleared its last hurdle in being acquired by Japan’s SoftBank. The Federal Communications Commission approved SoftBank’s $21.6 billion merger with Sprint Nextel and paved the way for the new entity to challenge wireless giants AT&T and Verizon. “After thorough review, the Commission has found that the proposed SoftBank-Sprint-Clearwire transactions would serve the public interest,” said acting FCC chairwoman Mignon Clyburn in a statement. “The increased investment in Sprint’s and Clearwire’s networks is likely to accelerate deployment of mobile broadband services and enhance competition in the mobile marketplace, promoting customer choice, innovation and lower prices.”