FCC approves Sprint-SoftBank deal

The Federal Communications Commission has given its nod of approval in regard to SoftBank’s $21.6 billion bid for Sprint Nextel, the final regulatory hurdle for the acquisition.

The FCC announced Friday that it voted unanimously to approve SoftBank’s buy of Sprint as well as Sprint’s purchase of the rest of mobile broadband provider Clearwire.

“After thorough review, the Commission has found that the proposed SoftBank-Sprint-Clearwire transactions would serve the public interest,” acting FCC Chairwoman Mignon Clyburn said in a statement. “The increased investment in Sprint’s and…

Read the original: FCC approves Sprint-SoftBank deal

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