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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.

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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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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.

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FCC Approves Clearwire Acquisition

2013-07-07 19:15:32| Wireless - Topix.net

After more than half a year of bidding wars, Sprint Nextel's proposed acquisition of the wireless Internet operator Clearwire Corp. was approved unanimously by the Federal Communications Commission on July 5. A new stock idea each week for less than the cost of a trade.

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FCC Approves Clearwire Acquisition

2013-07-07 17:30:24| Telecom - Topix.net

After more than half a year of bidding wars, Sprint Nextel's proposed acquisition of the wireless Internet operator Clearwire Corp. was approved unanimously by the Federal Communications Commission on July 5. A new stock idea each week for less than the cost of a trade.

Tags: acquisition fcc approves clearwire

 

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