Monday, May 28, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Google Takes The Lead Over Amazon in Smart Speaker Market
FBI Says Reboot Your Router to Stop Malware Infecting 500k Devices
ASUS Chromebox 3 Series Coming in July
U.S. to Impose Fine, New Management to ZTE to Keep it in Business
Facebook Keeps Working on In-house Chip Designs
AMD Increased GPU Market Share in Q1
Seagate's New VR Power Drive Adds Capacity and Extends Battery Life of the HTC VIVE Focus VR Headset
Samsung Should Pay Apple $539 million in Patent Retrial
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
T-Mobile Agrees to Buy Sprint For $26 Billion
T-Mobile Closer to Sprint
Sprint to Offer Free Hulu Service
SoftBank's Sprint Partners With Cable TV Company Altice
T-Mobile and Sprint End Merger Discussions
Sprint, T-Mobile Merger Talks Stopped: report
SoftBank Agrees on T-Mobile - Sprint Merger: report
Sprint Is Offering a Free iPhone 8 With Trade-In
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

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .