Home / Serba Serbi / US Regulator Not Expected to Require Spectrum Sales by Clearwire

US Regulator Not Expected to Require Spectrum Sales by Clearwire

USA based Sprint and Clearwire are not expected to be required to sell any of their radio spectrum, if shareholders approve the takeover of Clearwire by Sprint.

Citing two sources familiar with the matter, Reuters reported that acting Chairwoman Mignon Clyburn said she has circulated a draft order recommending the approval of the deal.

The move is not a huge surprise, as Sprint is already the majority shareholder in Clearwire, and was seeking to buy out the minority shareholders.

However, as the takeover was being funded largely by Japan’s Softbank, which is itself seeking to buy a 70% stake in Sprint, there had to be regulatory oversight of the deal.

The US telecoms regulator is still to make a decision on approving the Softbank takeover of Sprint.

loading...

Check Also

Singapore to Shut Down GSM Networks in 2017

Singapore to Shut Down GSM Networks in 2017

Singapore’s cell networks, M1, Singtel and StarHub have introduced that they’ll shut down 2G providers …

Leave a Reply

Your email address will not be published. Required fields are marked *

Are you Human? * Time limit is exhausted. Please reload CAPTCHA.