Sprint shareholders approve SoftBank merger
Sprint's merger with Japanese carrier SoftBank has been approved by Sprint's shareholders. At a special shareholder's meeting held today, the deal was overwhelmingly approved, with 98% of shareholders voting in favor to the merger. In a statement, Sprint CEO Dan Hesse noted that the deal would give Sprint more financial breathing room.
This flexibility may help Sprint become more of a competitor to rivals Verizon and AT&T, primarily by building out their LTE network, which still lags behind the top two carriers in the United States, despite continued activations across the country. Now that the deal has been approved by the shareholders, it must be examined by the Federal Communications Commission, a process which Sprint and Softbank expect to be completed soon, with the merger formally taking place early next month.
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Joseph Keller is the former Editor in Chief of iMore. An Apple user for almost 20 years, he spends his time learning the ins and outs of iOS and macOS, always finding ways of getting the most out of his iPhone, iPad, Apple Watch, and Mac.