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SoftBank expects Sprint deal to be complete in 2 days

0. phoneArena 08 Jul 2013, 09:42 posted on

SoftBank finally received clearance from the Federal Communications Commission (FCC) last week in its bid to purchase 70% of U.S. wireless carrier Sprint Nextel Corp. The FCC approval was the last hurdle in this long journey, so SoftBank is saying that things should move very quickly from here on. In fact, SoftBank expects the Sprint deal to be complete in just two days from now, on July 10th...

This is a discussion for a news. To read the whole news, click here

posted on 08 Jul 2013, 09:47

1. a_merryman (Posts: 666; Member since: 14 Dec 2011)


Hell yes. And they're going to be pumping $16 billion into network upgrades over the next two year!

posted on 08 Jul 2013, 09:59

2. johnbftl (Posts: 190; Member since: 09 Jun 2012)


S&P just lowered SoftBank's rating as a result of the acquisition.

posted on 08 Jul 2013, 11:13

3. Maverick1 (Posts: 26; Member since: 30 Sep 2012)


LOL, no they didn't!

posted on 08 Jul 2013, 11:24 2

4. johnbftl (Posts: 190; Member since: 09 Jun 2012)


Read for yourself buddy.

http://mobile.bloomberg.com/news/2013-07-08/softbank-rating-lowered-to-junk-by-s-p-after-sprint-acquisition.html

posted on 08 Jul 2013, 12:12 5

5. ggudino (Posts: 6; Member since: 25 Aug 2012)


I love it how even big successful blogs like phone arena report incorrect information as fact. When Softbank upped their bid, the % stake that they will have in Sprint jumped from 70% to 78%. Please do some research and stop being lazy.

posted on 08 Jul 2013, 17:33

6. ardent1 (Posts: 1991; Member since: 16 Apr 2011)


Perhaps, your criticism should be directed at the author -- Michael H. as opposed to everyone on phonearena.com

Second, this is phonearena.com, and not "The New York Times" with a deep editoral staff filled with fact checkers. It's more of a case of being sloppy as opposed to being lazy.

posted on 08 Jul 2013, 21:14

8. ggudino (Posts: 6; Member since: 25 Aug 2012)


So.. you are saying that you like reading articles in which the author may or may not know what they are reporting? Just because this is not a full corporate newspaper, does not mean that the author can't spend a few extra minutes researching what he/she is writing about before reporting it as news. Not doing this is being lazy and removes credibility from the author and site. The fact that this is still incorrect after it being pointed out is also lazy.

I directed it at PhoneArena.com because last I checked, Michael H. is a part of PhoneArena.com and represents PhoneArena.com with each and every article that he writes for PhoneArena.com

posted on 08 Jul 2013, 17:35

7. Danalvi1981 (Posts: 47; Member since: 02 Jun 2010)


yeah I read this article today!
http://news.yahoo.com/p-cuts-softbank-rating-sprint-deal-clears-143127286.html

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