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Wireless

SoftBank gets approval to acquire stake in Sprint

Friday 24 May 2013 | 08:17 CET | News
Japanese mobile carrier SoftBank has received all necessary state regulatory approvals to acquire a majority stake in Sprint Nextel. The California Public Utilities Commission voted to approve the transaction giving the companies the final state approval needed for the transaction. The state applications were filed before a total of 23 states and the District of Columbia, beginning in November, 2012. The companies continue to work closely with officials at the Federal Communications Commission and other Federal government agencies reviewing the transaction. In its review of the transaction,

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