Sprint Shareholders “Overwhelmingly” Approve Of SoftBank Merger

By Rob Boggan

Sprint shareholders unanimously voted to approve the merger deal with Japanese carrier SoftBank today. With an amazing 98% percent of the votes cast in favor of the merger, Sprint and SoftBank will now wait for the proper approvals process and will most likely move swiftly into a “new and improved” Sprint business model. SoftBank has a proven track record of being both aggressive and successful, and will look to push Sprint into a more competitive company here in the States. SoftBank increased their offer by $1.2 Billion after facing an aggressive campaign from DISH network, who also looked to acquire Sprint. With funds from SoftBank, Sprint will now have a clearer, more financially stable plan in place to move their LTE expansion ahead at a faster rate.

The deal is still yet to be finalized, and is pending regulatory approval.

via {Sprint}