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Sprint shareholders approve SoftBank deal
2013-06-26 02:40:00| Telecompaper Headlines
(Telecompaper) Shareholders of US communications provider Sprint Nextel have voted to approve the merger with Japan's SoftBank. Sprint shareholders overwhelmingly approved the deal, with approximately 98 percent of the votes cast at the special shareholders meeting voting in favour of the merger agreement. Consummation of the Sprint-SoftBank transaction remains subject to approval by the Federal Communications Commission but the companies anticipate the merger will be completed in early July.
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Category:Telecommunications