SoftBank gets FCC approval to close acquisition of Sprint; Clearwire stockholders vote Monday
Putting the final touch on an acquisition that started back in October, the FCC has officially signed off on SoftBank's purchase of 78% of Sprint. Sprint, in turn, will purchase the rest of the shares of network wholesaler Clearwire that it doesn't already own, and the FCC gave the green light for that deal as well. The Clearwire purchase though, still requires a stockholder vote set for July 8th. Sprint needs the majority of the minority holders to vote for the deal to complete the transaction.
The Japanese telco is paying $21.6 billion for the 78% stake in Sprint, and will add more money to beef up the third largest mobile carrier in the U.S. Sprint is currently in the process of building out its LTE pipeline which presently covers 110 markets. By the end of the year it hopes to cover 200 million POPs with its 4G LTE signal.
source: Sprint
The Japanese telco is paying $21.6 billion for the 78% stake in Sprint, and will add more money to beef up the third largest mobile carrier in the U.S. Sprint is currently in the process of building out its LTE pipeline which presently covers 110 markets. By the end of the year it hopes to cover 200 million POPs with its 4G LTE signal.
"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."-Mignon Clybrun, Acting Chairwoman, FCC
source: Sprint
Samsung Galaxy S4 coming to MetroPCS with announcement next week 
Rogers to launch Motorola Moto X in Canada as an exclusive 
-
LG Isai FL leaks again, this time in pink, specs in tow
-
Gold-colored smartphones - hot or not?
-
Apple iPhone 6 concept shows luscious edge-to-edge display
-
Google’s Project Ara: the first 'Lego' phone toys around with grand ideas
-
LG G3 leaks out: Quad HD display likely
-
Limits in spectrum auctions are a bad idea
5 Comments
posted on 05 Jul 2013, 18:58
1
2. Daftama (Posts: 546; Member since: 03 Nov 2012)
How long before the changes we will see hmm 10yrs
posted on 05 Jul 2013, 19:21
1
3. xtroid2k (Posts: 315; Member since: 11 Jan 2010)
im glad this has happened
posted on 05 Jul 2013, 20:35
1
4. tiburonpineda (limited) (Posts: 39; Member since: 27 Feb 2012)
Can't wait to see the end of this...i'm more than happy to come back to my Sprint my home.
posted on 06 Jul 2013, 00:24
0
5. tigermcm (Posts: 607; Member since: 02 Sep 2009)
Im thinking about returning to sprint next year, continue our relationship of 11yrs
-
Galaxy S5 scores amazing on our battery life test: the longest-lasting flagship has the endurance of a tablet
-
First camera samples from the OnePlus One appear
-
LG G3 leaks out: Quad HD display likely, polycarbonate body
-
Galaxy S5 vs Xperia Z2 camera samples compare the great outdoors and the murky indoors
