U.S. green light for takeover Softbank, Sprint Nextel's.

U.S. green light for takeover Softbank, Sprint Nextel's.

U.S. Federal Communications Commission (FCC) approved the company Softbank Corp., Japan's largest telecommunication service provider. Acquisition of Sprint Nextel Corp., the provider of the third largest wireless network in the U.S. with a value of 2.16 billion dollars.

The FCC also approved for Sprint to acquire all the remaining shares in the hands of the Clear Wireless Corp., a provider of wireless networks in the U.S. with a value of $ 3.7 billion. Resulting in Sprint holding a full 100% Clear Wire.


Mick Byrne lying loose women of the FCC acting chairman, said: "After careful consideration. Of the Commission. That the merger between Softbank Sprint and Clear Wire. Will benefit the public. It will cause more competition in the mobile market. Make customers more options. Innovations are more modern in falling prices. "

The FCC's decision to allow Softbank to 78% stake in Sprint and Japanese companies in the U.S. telecommunications market and the opportunity to compete with other American company. The AT & T and Verizon FIOS.