US Federal Communications Commission has approved Softbanks' US$21.6 billion acquisition deal for Sprint.

S&P lowered SoftBank's rating after winning the bid on Sprint. According to a statement by Standard & Poor, SoftBank ratings were lowered from BBB to the highest non-investment grade of BB+, with a stable outlook.

The FCC approved Sprint's acquisition of Clearwire and SoftBank's investment on Sprint. After a unanimous vote, the Federal Communications Commission announced that it approved the transactions between SoftBank Corp, Sprint Nextel Corp.

Softbank joins the US wireless market after FCC approval for Sprint bid. Softbank Corp is now in the running to provide American with wireless and broadband telecommunication services.

US regulators finally approved the acquisition bid from SoftBank Corp to take control over Sprint Nextel.

Federal Communications Commission members approves Sprint-Clearwire-Softbank deal. (Photo : Reuters)FCC gives a green light for the Sprint-Clearwire-Softbank deal The FCC gave the Sprint Nextel-Soft deal the green light as they collected the final vote for the approval of the merger.

Dish Network is set to redeem $2.6 billion in debt. (Photo : Reuters)The image shows a hanging sign of Dish Network. Dish Network made a bid to acquire Sprint Nextel and issued $2.

Dish Network abandoned its bid to buy Sprint Nextel. (Photo : Reuters)The image is the corporate sign of Dish Network set on its office facade. Dish Network stopped its bid to acquire Sprint Nextel Cop.

According to analysts, Sprint should increase its Clearwire bid to avoid any rising tension with Dish Network Corp.

Sprint Nextel sued Dish on Monday after stating that its rival company violated the Delaware law. (Photo : REUTERS/Keith Bedford)People talk on their cell phones as passers-by walk past a Sprint store in New York.