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SEC Approves Softbank's Equity Purchase of Sprint

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Really....

arox413

May 2, 2013, 11:24 AM
Softbank is urging Sprint's shareholders to approve the deal. What were they supposed to do?? Tell them not to accept the offer? Eh?
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KOL4420

May 2, 2013, 1:39 PM
Well its more like "dont be stupid and go for the Dish offer" who has nothing to offer you but more debt or "hurry this offer wont last long"
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Jayshmay

May 2, 2013, 1:58 PM
Isn't there some rule that a foreign company can't own a certain % of a U.S. telecom company? Softbank is looking to own a 70% stake in Sprint, good chunk of the company.
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Riot_Act

May 6, 2013, 8:46 PM
Deutsche Telekom and T-Mobile? Eh?
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Jayshmay

May 2, 2013, 1:54 PM
I thought in order for the deal to be completed Sprint has to buyout Clear?
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arox413

May 2, 2013, 2:24 PM
Not that I'm aware. I'm sure they would like them to but they also don't want them paying too much for clear.
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KOL4420

May 2, 2013, 2:26 PM
Rule, not sure. As far as buying out Clear they are in the process. The SEC approved it so they are still waiting on the investors to approve the deal then they can get the ball rolling a lot of things happening at once. Shocked
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marufio

May 2, 2013, 9:20 PM
So long as you are not Verizon or ATT the SEC will approve any merger or buyout, why dont they just say that.
Will Sprint cease to exist once its bought out by Softbank?
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WhySoBluePandaBear

May 3, 2013, 5:01 AM
V and & A have 100 million subscribers, and in comparison are VASTLY larger than Sprint.


Verizon and ATT both hog spectrum as well.


Also, history from the 80's has taught us that ATT being a gigantic company isn't in the best interest of the consumer.
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MadFatMan

May 3, 2013, 7:42 AM
I do not usually agree with you but if phonescoop had a like button. Id give you a thumbs up...

Probably wont happeb again for a while
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dalius_maximus

May 4, 2013, 3:02 PM
Is that fair to claim? I'm no genius, but in your opinion is it accurate to say that ATT/Verizon are hording spectrum when Sprint owns nearly four times the number of licenses as ATT? In addition, according to the FCC's website, Sprint is only utilizing about 50% of its total licenses whereas ATT is utilizing almost 65%? Likewise, Verizon has slightly more licenses than ATT and a higher percent of activity. Not to favor either company, simply to say that this particular claim I would like to see supported.
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