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Wireless

SoftBank bid for Sprint receives FCC support - report

Wednesday 3 July 2013 | 15:51 CET | News
SoftBank's USD 21.6 billion bid for mobile carrier Sprint Nextel won the support it needs from the last US regulatory body reviewing the transaction, said people familiar with the matter, according to Bloomberg. Two of three members of the Federal Communications Commission have voted for the deal, said the people, who asked not to be identified because the matter has not been made public. The approval also covers Sprint's offer to buy the half of wireless operator Clearwire that it does not already own. The approval sanctions a re-ordering of the US market by boosting No. 3 Sprint against

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Categories: Mobile & Wireless
Companies: AT&T / Clearwire / FCC / Huawei China / MetroPCS / Nextel / Softbank / Sprint / Sprint Nextel / T-Mobile / Verizon Wireless
Countries: United States
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