$20B Sprint, SoftBank Merger Would Up Competition, FCC Told

Law360, New York (March 19, 2013, 4:03 PM EDT) -- Executives for Sprint Nextel Corp., SoftBank Corp. and Clearwire Corp. told a group of FCC commissioners at a closed-door meeting Friday that Softbank's $20 billion acquisition of Sprint and Sprint's $2.2 billion purchase of Clearwire would increase competition in the U.S. wireless industry.

SoftBank Chairman and CEO Masayoshi Son, Sprint CEO Daniel Hesse and Clearwire CEO Erik Prusch were all present at the meeting with the commissioners, according to a regulatory filing by Sprint on Monday. The three executives touted the proposed deal that would see...
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