Federal Communications Commission Approves SoftBanks Investment in Sprint and Sprints Acquisition of Clearwire
OVERLAND PARK, Kan., BELLEVUE, Wash. & TOKYO (BUSINESS WIRE), July 05, 2013 - The Federal Communications Commission announced today that it has voted unanimously to approve the applications filed by SoftBank (TSE: 9984), Sprint (NYSE: S) and Clearwire (NASDAQ: CLWR) related to their transactions announced last year.
This decision completes all Federal government reviews of both SoftBanks investment in Sprint and Sprints acquisition of Clearwire. Sprints shareholders approved the SoftBank transaction with Sprint on June 25th. Clearwires shareholders are scheduled to vote on the Sprint transaction with Clearwire, which has been recommended by Clearwires Board of Directors, on July 8th.