Sprint shareholders voted overwhelmingly in favor of Softbank's acquisition proposal. The deal still requires FCC approval. The companies anticipate the merger will be consummated in early July 2013.
“Today is a historic day for our company, and I want to thank our shareholders for approving this transformative merger agreement,” said Sprint CEO Dan Hesse. “The transaction with SoftBank should enhance Sprint’s long-term value and competitive position by creating a company with greater financial flexibility.”
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