Featured Articles

Hands on: Nvidia Shield Tablet with Android 5.0

Hands on: Nvidia Shield Tablet with Android 5.0

We broke the news of Nvidia's ambitious gaming tablet plans back in May and now the Shield tablet got a bit…

More...
Nokia N1 Android tablet ships in Q1 2015

Nokia N1 Android tablet ships in Q1 2015

Nokia has announced its first Android tablet and when we say Nokia, we don’t mean Microsoft. The Nokia N1 was designed…

More...
Marvell launches octa-core 64-bit PXA1936

Marvell launches octa-core 64-bit PXA1936

Marvell is better known for its storage controllers, but the company doesn’t want to give up on the smartphone and…

More...
TSMC 16nm FinFET Plus in risk production

TSMC 16nm FinFET Plus in risk production

TSMC’s next generation 16nm process has reached an important milestone – 16nm FinFET Plus (16FF+) is now in risk production.

More...
Nvidia GTX 970 SLI tested

Nvidia GTX 970 SLI tested

Nvidia recently released two new graphics cards based on its latest Maxwell GPU architecture, with exceptional performance-per-watt. The Geforce GTX 970…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Tuesday, 09 July 2013 09:41

Softbank to buy Sprint after FCC clears the way

Written by David Stellmack

sprint logo

Clearwire to be taken over by Sprint as part of deal

The FCC has announced that the barriers making a three-way merger between SoftBank, Sprint, and Clearwire have been removed. This means that Japan’s SoftBank will purchase Sprint in a $21.6 billion dollar deal that has already been approved by Sprint shareholders.

The Sprint bid to purchase Clearwire would see Sprint purchase the remaining 50 percent of Clearwire for $5 per share. The Clearwire board has apparently recommended that shareholders accept the deal.

Sprint looks for both of the transactions to close before the end of July. Once the deals close, this ends a chapter in a process of a number of offers and counteroffers. SoftBank looks to use both Sprint’s and Clearwire’s 4G spectrum to improve service and bring in new customers, which is something Sprint could really use.

David Stellmack

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments