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SoftBank Cut to Junk by S&P After FCC Approves Sprint Deal
2013-07-08 09:34:51| IT Services - Topix.net
SoftBank Corp. , led by billionaire Masayoshi Son, had its credit rating cut to junk by Standard & Poor's after winning approval from the Federal Communications Commission for its $21.6 billion bid to buy Sprint Nextel Corp. The rating was cut to BB+, the highest non-investment grade, from BBB, with a stable outlook, S&P said in a statement today.
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.
Tags: deals
sprint
fcc
approves
FCC approves Softbank, Sprint, Clearwire deals
2013-07-08 02:00:00| Total Telecom industry news
U.S. mobile deal expected to close later this month.
Tags: deals
sprint
fcc
approves
S&P cuts Softbank rating to junk on debt from Sprint purchase
2013-07-08 02:00:00| Total Telecom industry news
'Sprint Nextel's exposure to intense competition in the US market... is unlikely to subside substantially in the next two to three years,' rating firm says.
Tags: rating
purchase
debt
cuts
US approves Softbank bid for Sprint Nextel
2013-07-07 05:27:27| IT Services - Topix.net
The Federal Communications Commission says it approved Softbank Corp.'s bid for Sprint Nextel Corp. The FCC gave thumbs up to the $21.6 billion deal on Friday, completing the U.S. government's review of the Japanese company's investment in Sprint.
Tags: bid
sprint
nextel
approves
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