SoftBank gets FCC approval to close acquisition of Sprint; Clearwire stockholders vote Monday

5comments
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

Score a Free iPhone 13

Switch to a 3-Month Total 5G Unlimited plan with Total Wireless


We may earn a commission if you make a purchase

Check Out The Offer
Google News Follow
Follow us on Google News
Loading Comments...

Latest Discussions

by Thisfonesuxs • 3
by TBomb • 8
by bklabel • 16

Recommended Stories

FCC OKs Cingular\'s purchase of AT&T Wireless