Friday, July 5, 2013

With FCC approval, SoftBank free to complete merger with Sprint

With FCC approval, SoftBank free to complete merger with Sprint

On Wednesday the FCC gave the go-ahead for Japan's SoftBank to complete a deal that will see the company merge with Sprint. Worth $21.6 billion, the deal will bring in new stream of cash for the third-ranked US carrier as the company continues to expand its high-speed cellular network. Unlike other major telecom deals (AT&T's attempt to buy T-Mobile comes to mind), there was little reason to believe the FCC would block the acquisition. To round things out, the FCC has also approved the Sprint buyout of Clearwire, which means that company will now fall under SoftBank's chain of command as well.

Android Phone , With FCC approval, SoftBank free to complete merger with Sprint

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, With FCC approval, SoftBank free to complete merger with Sprint