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Wireless

ISS urges vote for SoftBank's bid for Sprint

Monday 3 June 2013 | 09:40 CET | News
Proxy advisory firm Institutional Stockholder Services (ISS) has recommended that Sprint stockholders vote in favour of the agreed merger of Sprint with SoftBank. ISS's report noted that the SoftBank transaction addresses what it called Sprint's most compelling need by alleviating its debt burden and providing important capital to complete the improvements to Sprint's network, which will improve its ability to compete in the US market. ISS also said SoftBank's proven mobile track record in its home market would bring demonstrable and potentially critical technological expertise to Sprint.

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Categories: Mobile & Wireless
Companies: Dish Network / Softbank / Sprint
Countries: United States
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