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SoftBank Corp's Sprint Nextel Corp Deal Set For FCC Clearance-DJ


Tuesday, 2 Jul 2013 08:25pm EDT 

Dow Jones reported that according to Bloomberg News, SoftBank Corp's bid for mobile carrier Sprint Nextel Corp. has received the majority support it needs from the Federal Communications Commission, the last U.S. regulatory body reviewing the deal. Two of three FCC members have voted to approve the $21.6 billion deal. The FCC review was related to whether the transfer of Sprint's airwaves was in the public's interest. The FCC doesn't release review results until all members have voted. 

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