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Department of Justice clears Softbank-Sprint merger

Posted: , by Michael H.

Department of Justice clears Softbank-Sprint merger
One more hurdle has been leapt, and the Softbank-Sprint merger is almost official. Despite the recent news that Softbank has been in talks with Deutsche Telekom to set up a backup plan to purchase T-Mobile US if the deal with Sprint went south, it looks like this deal is going to go through. The Department of Justice has cleared the Softbank-Sprint merger to continue. 

The DoJ had asked the FCC to hold off on making a decision, so the deal could be investigated, but everything is looking good. So, that means the only thing left is for the FCC to approve the merger. Of course, the competing bid from Dish could still cause problems with the deal. 

source: FCC via The Verge

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posted on 08 Jun 2013, 11:59 6

1. Mxyzptlk (unregistered)

This deal can benefit sprint greatly.

posted on 08 Jun 2013, 15:05 2

5. SkOne (Posts: 95; Member since: 02 May 2012)

Yes It truly can, but let's see how it effects the customer in the long run before we make any assumptions.

posted on 08 Jun 2013, 12:47

2. cripton805 (Posts: 1485; Member since: 18 Mar 2012)

I still dont see why another company can buy another without the gov getting involved.

posted on 08 Jun 2013, 15:27

7. ckoch125 (Posts: 192; Member since: 29 Oct 2012)

because its all about lobbying and the politicians getting their pockets lined to vote a certain way. They don't want to let att/verizon have any real competition and actually be forced to change..

posted on 08 Jun 2013, 13:03 2

3. Droid_X_Doug (Posts: 5993; Member since: 22 Dec 2010)

Still need for the Sprint shareholders to approve the merger. That is not a foregone conclusion.

posted on 08 Jun 2013, 14:47 2

4. PAPINYC (banned) (Posts: 2315; Member since: 30 Jul 2011)

OMG, I hope the deal goes through quickly and Sprint customers can finally get service.

posted on 08 Jun 2013, 15:26

6. ckoch125 (Posts: 192; Member since: 29 Oct 2012)

If sprint was smart they would take softbanks offer. It may be a little less money but it is more overall and especially with them helping sprint pay off some debt. Not to mention they understand how to take a struggling network and get it competing with the big carriers.

posted on 08 Jun 2013, 17:11

8. o0Exia0o (Posts: 901; Member since: 01 Feb 2013)

As I have stated before......

The best thing for Sprint would be to take the Softbank deal and forget about Dish. While Dish is offering more to buy the whole company (25 billion for 100% of Sprint), the Softbank deal is superior in the fact that they are offering to buy 70% of Sprint (20 billion for 70%) plus they are also going to infuse sprint with another 8 billion to pay down their debt (that they have had since their purchase of Nextel) and sure up their network infrastructure. So the numbers are: The Dish offer is 25 billion for 100% of Sprint or 28 billion for 70% of Sprint. Which would you choose......

If Dish wants to be a carrier so bad then they should go after T-Mo and leave Sprint/Softbank alone.

posted on 08 Jun 2013, 18:15

9. bfuller2006 (Posts: 72; Member since: 31 Oct 2011)

Ex sprint employee, now have a better job and have verizon = dont care good luck but at the end of the day sprint has a lot to work on

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