Japan's SoftBank says expects to complete Sprint deal on July 10

TOKYO Mon Jul 8, 2013 8:04am EDT

A shop clerk is seen through a window displaying a logo of SoftBank Corp at its branch in Tokyo June 21, 2013. REUTERS/Issei Kato

A shop clerk is seen through a window displaying a logo of SoftBank Corp at its branch in Tokyo June 21, 2013.

Credit: Reuters/Issei Kato

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TOKYO (Reuters) - Japan's SoftBank Corp said on Monday that it expects to complete its $21.6 billion acquisition of U.S. wireless carrier Sprint Nextel Corp on Wednesday, July 10.

SoftBank and Sprint received final regulatory approval for their deal from the Federal Communications Commission last week.

The Japanese company said it expects the deal to close on Wednesday, U.S. Eastern Standard Time.

(Reporting by Mari Saito; Editing by Edmund Klamann)

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Comments (2)
wowgoner wrote:
Softbank debts have been downgraded to junk status because of the purchase. Is it wise to do so?

Jul 08, 2013 9:23am EDT  --  Report as abuse
PPlainTTruth wrote:
Another predatory economic invasion overlooked by the international economic community.

Jul 08, 2013 3:59pm EDT  --  Report as abuse
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