FCC unlikely to force Sprint, Clearwire to offload spectrum

1 Jul 2013

The US telecoms regulator does not plan to ask Sprint Nextel or Clearwire Corp to sell any spectrum as they near a vote on Sprint’s proposed buyout of Clearwire, two sources familiar with the matter have told Reuters. The Federal Communications Commission (FCC) is examining Sprint’s proposed buyout of the shares it does not already own in Clearwire in the same review process as the USD21.6 billion bid from Japan’s Softbank Corp to buy 78% of Sprint. Late last week the FCC indicated that it was close to making its call on the deals, with acting chairwoman Mignon Clyburn confirming that she had circulated a draft order recommending the approval of the deals to the FCC’s other two commissioners.