Thursday, July 27, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
The Fitbit skill for Cortana is Now Available
AMD Completes Ryzen Mainstream Desktop Lineup with the Affordable Ryzen 3 processors
Toshiba TR200 SSD Series Uses 64-Layer 3D Flash Memory
Twitter Struggles to Attract New Users
Panasonic Technology Detects and Predicts a Driver's Level of Drowsiness
HTC U11 Takes Amazon Alexa On the Go
Samsung Electronics Reports Record Profit, Expects High Chip Demand
LG Electronics Reports Second Quarter Profit Although Its Mobile Business is Still Slow
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Mobiles > Softban...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, July 05, 2013
Softbank's $21.6B acquisition of Sprint Approved By FCC


The U.S. Federal Communications Commission has approved the $21.6 billion acquisition of Sprint by Softbank.

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.

FCC's decision also helps clear the way for Sprint to take full control of Clearwire. Sprint already owns just over half of Clearwire, which provides the network for its 4G WiMax service, and is planning to spend $3.7 billion to acquire the rest of the company.

"Today is a good day for all Americans who use mobile broadband services," said Mignon Clyburn, FCC chairman in a statement. "The increased investment in Sprints and Clearwires networks is likely to accelerate deployment of mobile broadband services and enhance competition in the mobile marketplace, promoting customer choice, innovation and lower prices."

Sprint said it expects that the transactions will close in early July, subject to the remaining closing conditions.


Previous
Next
Facebook In Talks with Samsung Over Mobile partnership: report        All News        Nintendo Shelves Wii Vitality Sensor
Facebook In Talks with Samsung Over Mobile partnership: report     Mobiles News      Samsung's Second Quarter Result Hint At Galaxy Fatigue

Get RSS feed Easy Print E-Mail this Message

Related News
Sprint Starts Partnership Talks With US Cable TV Providers Charter Communications and Comcast
Sprint, T-Mobile Said to Begin Merger Talks
SoftBank To Offload Sprint: report
Sprint is Buying Stake in Tidal
Sprint Offers 50 Percent Off If You Switch From Verizon, AT&T and T-Mobile Rate Plans
Sprint Offers New iPhones With $1 Plan Trade-in Plan
Sprint Is Offering Cheap Plan For New iPhones
Sprint Has A New, All-included Rate Plan For You
Sprint Loses $30m Patent Battle
RadioShack Reaches Asset Purchase Agreement with Sprint To Acquire Its Stores
Sprint To Take Over RadioShack Stores: report
Sprint Takes On AT&T, Verizon With Half-Price Promotion

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .