SoftBank CEO Masayoshi Son said that is company is planning to invest $16 billion in Sprint over the next two years. In an interview with Japanese news service Nikkei, Son said that SoftBank wants to make Sprint a more serious challenger for its rivals AT&T and Verizon Wireless which each have nearly twice as many customers as Sprint.
As expected the FCC announced that it unanimously approved SoftBank's $21.6 billion investment in Sprint and Sprint's acquisition of Clearwire, completing the commission's review of the transactions. Sprint's shareholders approved the SoftBank deal June 25 and Clearwire's shareholders are scheduled to vote on Sprint's acquisition of Clearwire on July 8.
Japanese operator SoftBank's $21.6 billion bid for Sprint is said to have received the approval of the FCC. Although the regulatory body has made no formal announcement Bloomberg citing people familiar with the deal, reported that two of the FCC's three commissioners have approved the transaction. That approval includes Sprint's offer to purchase the rest of Clearwire that it doesn't already own.
How did the wireless industry perform in the second quarter of 2013? Check here throughout the second-quarter earnings report season for full earnings reports from the wireless industry's...
Comcast said Friday that it named former Cox Communications executive Matthew Fassnacht VP of the Washington region for its Comcast Business unit.
Regulators at the FCC will not push Sprint Nextel or Clearwire to divest spectrum as they review Japanese operator SoftBank's proposed acquisition of Sprint and Sprint's proposed purchase of Clearwire, according to a Reuters report.
Dish Network pulled its offer of $4.40 per share to acquire Clearwire, clearing the way for majority owner Sprint to take control of the broadband wireless provider.
Dish Network formally withdrew its $4.40 per share tender offer for Clearwire, abandoning its pursuit of the wireless company and clearing the way for majority owner Sprint Nextel to take control of Clearwire.
Sprint Nextel shareholders overwhelmingly approved Japanese operator SoftBank's offer to acquire 78 percent of Sprint in a $21.6 billion deal, handing SoftBank and its CEO Masayoshi Son a major victory in SoftBank's quest to outbid Charlie Ergen's Dish Network.
Dish Network, having abandoned its attempt to acquire Sprint Nextel and having been outbid for Clearwire, faces a quandary: What does it do now in wireless?