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Jul 5, 2013

US FCC approval paves way for SoftBank, Sprint, Clearwire deals

WASHINGTON, July 5 (Reuters) – Japan’s SoftBank Corp
on Friday received the final approval it needed from
U.S. regulators for its $21.6 billion bid to take control of
Sprint Nextel Corp, the No. 3 U.S. wireless provider.

All three members of the Federal Communications Commission
voted in favor of the merger as well as Sprint’s related plan to
buy out the portion of wireless company Clearwire Corp
that it does not already own.

Jul 3, 2013

FCC approves Sprint/Clearwire/SoftBank deal: sources

WASHINGTON (Reuters) – U.S. regulators on Wednesday approved the merger of Sprint Nextel Corp (S.N: Quote, Profile, Research, Stock Buzz) and SoftBank Corp (9984.T: Quote, Profile, Research, Stock Buzz), sources familiar with the situation said, the last hurdle in the Japanese company’s drawn-out battle to take control of the No. 3 U.S. wireless provider.

All three Federal Communications Commission (FCC) commissioners voted in favor of the deal, as well as Sprint’s related bid to buy out the shares of wireless company Clearwire Corp (CLWR.O: Quote, Profile, Research, Stock Buzz) that it does not already own, said the sources who spoke anonymously because the approval has not yet been announced publicly.

Jul 3, 2013

U.S. FCC approves Sprint/Clearwire/SoftBank deal-sources

WASHINGTON, July 3 (Reuters) – U.S. regulators on Wednesday
approved the merger of Sprint Nextel Corp and SoftBank
Corp, sources familiar with the situation said, the
last hurdle in the Japanese company’s drawn-out battle to take
control of the No. 3 U.S. wireless provider.

All three Federal Communications Commission (FCC)
commissioners voted in favor of the deal, as well as Sprint’s
related bid to buy out the shares of wireless company Clearwire
Corp that it does not already own, said the sources who
spoke anonymously because the approval has not yet been
announced publicly.

Jun 28, 2013

FCC not seeking divestitures in Sprint/Clearwire/SoftBank deal

WASHINGTON/NEW YORK (Reuters) – U.S. regulators do not plan to ask Sprint Nextel Corp (S.N: Quote, Profile, Research, Stock Buzz) or Clearwire Corp (CLWR.O: Quote, Profile, Research, Stock Buzz) to sell any spectrum as they near a vote on Sprint’s proposed buyout of Clearwire, two sources familiar with the matter said on Thursday.

The Federal Communications Commission is examining Sprint’s proposed buyout of the shares it does not already own in Clearwire in the same review process as the $21.6 billion bid from Japan’s SoftBank Corp (9984.T: Quote, Profile, Research, Stock Buzz) to buy 78 percent of Sprint.

Jun 20, 2013

Head of revived watchdog pledges open look at U.S. surveillance

WASHINGTON (Reuters) – The head of a newly revived federal privacy oversight board pledged on Wednesday to be “as transparent and public as possible” as the board reviews recently exposed U.S. government secret surveillance programs.

The Privacy and Civil Liberties Oversight Board, which has been largely dormant since 2008, held its first full-fledged meeting on Wednesday after the Senate confirmed David Medine as its chairman last month.

Jun 18, 2013

U.S. FCC nominee Wheeler says will promote competition

WASHINGTON, June 18 (Reuters) – Tom Wheeler, President
Barack Obama’s pick to lead the Federal Communications
Commission, on Tuesday pledged to champion competition in the
telecommunications industry and said an upcoming auction of
airwaves is the biggest challenge facing the regulator.

Acknowledging his past as a lobbyist, Wheeler told lawmakers
at a Senate Commerce Committee hearing on his nomination that at
the FCC, he would advocate for the consumers’ interest first:
“My client will be the American public.”

Jun 18, 2013

Obama pick for top U.S. telecom regulator to face Senate panel

WASHINGTON, June 18 (Reuters) – President Barack Obama’s
choice for chairman of the Federal Communications Commission is
expected to face questions about his past work within the
telecommunications industry at a Senate confirmation hearing on
Tuesday.

The Senate Commerce Committee panel will be the first public
address by Tom Wheeler, an industry veteran, since he was tapped
in May to succeed Julius Genachowski.

Jun 14, 2013

Obama wants government to free up more wireless spectrum

WASHINGTON (Reuters) – President Barack Obama is directing federal agencies to look for ways to eventually share more of their radio airwaves with the private sector as the growing use of smartphones and tablets ratchets up the demand for spectrum, according to a memo released on Friday.

With blocks of spectrum reserved by dozens of government agencies for national defense, law enforcement, weather forecasting and other purposes, wireless carriers and Internet providers are urging that more spectrum be opened up for commercial use.

May 30, 2013

U.S. minority media not affected by cross-ownership -study

WASHINGTON, May 30 (Reuters) – Female and minority
broadcasters do not appear concerned about one owner controlling
newspapers, radio and TV stations in the same market, according
to a study released on Thursday as federal regulators review
rules on media cross-ownership.

Diversity in media ownership has been one of the biggest
concerns expressed by minority and public advocacy groups that
have opposed relaxing the Federal Communications Commission’s
decades-old rules on how many and what types of media outlets
can be run by the same owner in one market.

May 29, 2013

Sprint, SoftBank agree to U.S. national security deal

By Alina Selyukh

(Reuters) – Sprint Nextel Corp and Japan’s SoftBank Corp said on Wednesday they had reached a national security agreement with U.S. authorities, overcoming a major hurdle for the Japanese company’s $20.1 billion bid to control the wireless carrier.

Even with that approval, there are still a number of regulatory, congressional and investor hurdles facing SoftBank before it can close on its plan to break into the U.S. market. One influential U.S. senator said on Wednesday he was “carefully examining” the approval to see if it eased his security concerns.

    • About Alina

      "Alina Selyukh is covering campaign finance this year. Starting as a journalist in her native town of Samara in Russia, she spent five years in Lincoln, Nebraska before moving to the East Coast to work for Reuters. A former intern and graduate trainee, Selyukh has covered energy, IPOs, healthcare policy and FDA."
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