Sprint confirms FCC approval of deals with Softbank and Clearwire

theflyonthewall.com

The Federal Communications Commission announced that it has voted unanimously to approve the applications filed by SoftBank (SFTBF), Sprint (S) and Clearwire (CLWR) related to their transactions announced last year, the companies confirmed. This decision completes all Federal government reviews of both SoftBank’s investment in Sprint and Sprint’s acquisition of Clearwire. Clearwire’s shareholders are scheduled to vote on the Sprint transaction with Clearwire, which has been recommended by Clearwire’s Board of Directors, on July 8. Sprint, Clearwire and SoftBank anticipate that the transactions will close in early July, subject to the remaining closing conditions.

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