Sprint-Softbank-Clearwire Merger Receives FCC Approval

Discussion in 'Android News' started by dgstorm, Jul 8, 2013.

  1. dgstorm

    dgstorm Editor in Chief
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    Dec 30, 2010
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    Austin, TX

    Last week we shared intel that the FCC was likely to approve the Sprint-Softbank-Clearwire merger. That news was accurate as the FCC passed the merger this morning. This means that Sprint will be allowed to finish purchasing the remaining shares of Clearwire that it doesn't already own. This also paves the way for the Japanese company, Softbank, to purchase an 80% stake in Sprint. Both of these moves will bring tremendous power to bear against Sprint's biggest competitors, AT&T and Verizon.

    This has great potential to create competitive pressure, which could result in better carrier plans and prices in the United States eventually. The only thing left is for all shareholders to sign the final paperwork , which is expected to happen by the end of this month. Here's the full press release below,