FCC not seeking divestitures in Sprint/Clearwire/SoftBank deal

WASHINGTON/NEW YORK Thu Jun 27, 2013 7:07pm EDT

People walk past a Sprint store in New York December 17, 2012. REUTERS/Andrew Kelly

People walk past a Sprint store in New York December 17, 2012.

Credit: Reuters/Andrew Kelly

Related Topics

WASHINGTON/NEW YORK (Reuters) - The U.S. telecommunications regulator is not planning to ask Sprint Nextel Corp (S.N) or Clearwire Corp CLWR.O to divest any spectrum in order to gain approval for Sprint's proposed buyout of Clearwire, two sources familiar with the matter said on Thursday.

The Federal Communications Commission is reviewing SoftBank Corp's (9984.T) proposed purchase of Sprint and Sprint's proposed buyout of Clearwire in the same review and could vote on the deals as soon as Friday.

The FCC's Acting Chairwoman Mignon Clyburn said on Thursday that she has circulated a draft order to the FCC's other two commissioners recommending approval of the deals.

The sources did not want to be named because the details of the order are not yet public.

(Reporting by Alina Selyukh in Washington and Sinead Carew in New York; Editing by Phil Berlowitz)

FILED UNDER:
A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article