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US: Sprint, SoftBank merger steams ahead with shareholder approval

By  |  June 25, 2013

Sprint announced Tuesday that its shareholders have officially approved of a planned merger with SoftBank, though the US Federal Communications Commission will need to give its approval as well before the deal is to become official. The companies said they expect FCC approval next month. According to Sprint, the go-ahead was granted by about 98 percent of its stockholders, representing 80 percent of its outstanding stock.

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