It's official: The FCC has unanimously approved SoftBank's (SFTBF.PK) acquisition of a 78% stake...

It's official: The FCC has unanimously approved SoftBank's (SFTBF.PK) acquisition of a 78% stake in Sprint (S), and Sprint's acquisition of 100% of Clearwire.  Sprint says both deals are expected to close in early July. (previous)

From other sites
Comments (4)
  • rgperrin
    , contributor
    Comments (1684) | Send Message
    I wonder, by how many months will this new development delay Sprint's all-but-inevitable bankruptcy? My guess is twelve to eighteen months, but, maybe, twenty four with little short-term luck.
    5 Jul 2013, 06:02 PM Reply Like
  • BigAppleGuy
    , contributor
    Comments (208) | Send Message
    Sprint is now uniquely positioned to become the dominant carrier in the US. When they successfully deploy their Advanced LTE network, T and VZ will not be able to compete. Son has extensive telecom knowledge, in a turn-around environment at that, and access to cheap capital that will insure Sprint short term viability and long term success. Bankruptcy is so far out of the question it's laughable to even mention it.
    5 Jul 2013, 07:16 PM Reply Like
  • Erb69
    , contributor
    Comments (161) | Send Message
    Sprint has been out of the woods for more than a year. LTE has been going up and they haven't even begun to spend much of the $3 billion of the cash advance from Softbank on network upgrades. Nextel (shutdown about a week ago) is no longer holding them back and Softbank is pushing them forward without delay even though Ergen tried. Although, it seems Charlie's actions were actually a cheap way for him to increase the value of his house by upping the sale price of his neighbor's.
    6 Jul 2013, 04:11 PM Reply Like
  • Dave"T"
    , contributor
    Comments (64) | Send Message
    Sprint has been steadily gaining on it's debt position since it started deactivating it's old network for the LTE system. That system is now almost gone and the next quarter's results should reflect this. Of course all this merger action will shroud the results a bit, Study the reports closely. My concern is the correct value of the new Sprint stock, going from a 2 dollar par to .01 par and a tightening of the available stock, making it hard to determine how the market will perceive it's value.
    6 Jul 2013, 09:05 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs