SoftBank Gets Foothold in U.S. Wireless Market in Sprint
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SoftBank Corp. will compete to provide Americans with broadband and wireless telecommunications service following approval by the Federal Communications Commission of its bid to buy Sprint Nextel Corp.
The FCC announced yesterday that the $21.6 billion deal is in the public’s interest, giving SoftBank chairman and Japanese billionaire Masayoshi Son a position in the U.S. market.