Sources: FCC to approve Sprint deals with SoftBank, Clearwire

07/2/2013 | Bloomberg

A majority of the Federal Communications Commission has signed off on SoftBank's $21.6 billion acquisition of Sprint Nextel as well as Sprint's bid to take control of wireless service provider Clearwire, according to sources. "This clears a hurdle, so it's almost finalized," said Masamitsu Ohki, a fund manager at Tokyo hedge fund Stats Investment Management. Sprint shareholders approved the SoftBank transaction June 25.

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