Sprint/SoftBank deal expected to close on Wednesday

Sprint/SoftBank deal expected to close on Wednesday

08 JUL 2013
Softbank and Sprint

The SoftBank/Sprint megadeal looks set to be finalised this week, with an official statement today from Sprint claiming that both companies expect to complete the merger at the close of Sprint trading on Wednesday July 10.

Last week US regulator the Federal Communications Commission approved the $21.6 billion acquisition. The move was deemed to be the last hurdle for both operators.

Other regulators have signed off on the deal, including the US antitrust and security authorities. Security became a big part of the takeover battle with Dish, which chose to play the patriotic card aggressively. To reassure officials, SoftBank said it will limit the use of equipment from Chinese vendors.

The deal was initially announced back in October last year.

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Justin Springham

Justin manages the editorial content for the Mobile World Live portal and award-winning Mobile World Live TV service. In the last few years Justin has launched and grown a portfolio of premier media products, which include the Mobile World Congress...

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