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FCC approves Softbank's $21.6B acquisition of Sprint
2013-07-08 16:55:08| InfoWorld: Top News
The U.S. Federal Communications Commission has approved the $21.6 billion acquisition of Sprint by Japanese telecommunications group Softbank, saying it promises to bring consumers faster and more advanced wireless broadband Internet service. The go-ahead from the FCC was the final hurdle to Softbank consummating the deal. Sprint shareholders in late June approved the acquisition that will see Softbank pay $7.64 per share, for a total of $16.64 billion in cash, and invest about $5 billion of new capital into Sprint. It will own 78 percent of the new company.
Tags: acquisition
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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
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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.
Tags: deals
sprint
fcc
approves
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.
Tags: acquisition
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