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FCC Approves SoftBank Buying Sprint Buying Clearwire

Jul 5, 2013, 2:51 PM by Rich Brome @richbrome

The FCC and Sprint today announced that the FCC has formally voted to approve SoftBank's investment in Sprint - giving them majority control - as well as Sprint's related acquisition of Clearwire. This was the last required government approval of the deals. SoftBank and Sprint have already agreed to the deals. On Monday, Clearwire's shareholders will vote on the deal, which is recommended by Clearwire's board. Sprint now expects all of the transactions to close in the next couple of weeks.

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Comments

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sp_5015

Jul 5, 2013, 6:38 PM

I'd like to be the 1st to say....

Let the games begin 😳

Jayshmay

This is big news! I'm shocked that your the only one who posted on this!

Hopefully both T-Mobile & Sprint will provide some competitive pressure to the big two with all the changes going on with both companies.

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ATTDRONEV2.5

Jul 8, 2013, 5:44 PM

Soft Clear Sprint

New Name? 🤣

michael_herc

Jul 6, 2013, 12:05 PM

Sprint needs the spectrum

This is good news for Sprint and the mobile market in the US. In order for Sprint to remain competitive, they MUST expand the reach of their network. Here in Michigan, outside the major urban centers, only Verizon and AT&T offer service, due to the fact that they are the incumbent cellular carriers. Any spectrum about 800 MHz simply doesn't cut it in the rural areas. Rural customers travel much greater distances than urban customers, which means that when using a carrier that operates on AWS, PCS, or anything of higher frequency, you will likely be without service when travelling away from a town. I understand why carriers don't want to put much effort into rural areas, since there aren't many potential customers, but this is the side effect...
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Jaden10

The SoftBank Merger has NOTHING to do with spectrum, if it did have ANYTHING to do with spectrum they would not have killed off iDEN, which did have to do with valuable spectrum. Sprint's major drawback has been they have been using the PCS band for c...
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