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US/Japan: FCC simultaneously clears Softbank, Sprint, Clearwire deals, say sources

 |  July 3, 2013

According to unnamed sources, two of the three Federal Communications Commissions members have approved of Japan-based Softbank’s buyout for mobile telecommunications company Sprint. The deal, which sees Softbank acquire a majority share of Sprint at 78 percent, was agreed upon for $21.6 billion. Further, sources said the FCC simultaneously approved of Sprint’s buyout of wireless provider Clearwire. The Sprint takeover, approved by shareholders late last month, involved a brief bidding war between Sprint and Dish Network, the latter of which ultimately dropped out of the buyout race.

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