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FCC approves Sprint, Clearwire deals

2013-07-08 04:23:00| Telecompaper Headlines

(Telecompaper) The Federal Communications Commission (FCC) has voted unanimously to approve the proposed transactions by SoftBank and Clearwire. This decision completes all federal government reviews of both SoftBank's takeover of Sprint and Sprint's acquisition of Clearwire. Sprint's shareholders approved the SoftBank transaction in June and Clearwire's shareholders are scheduled to vote on the Sprint transaction on 8 July. Sprint, Clearwire and SoftBank anticipate that the transactions will close in early July.

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Category:Telecommunications

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