Sprint's earnings report showed that it lost US$638 million and 1.05 million subscribers due to Nextel's closure.
Sprint Nextel
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Sprint investors preferred to get cash rather than stock after the takeover bid by SoftBank won approval from the Federal Communications Communication last week.
The shareholders at Clearwire approved the buyout bid from Sprint Nextel to acquire more than 49% of the company that it does not own on Monday.
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.
Softbank Inc's bid for Sprint won the approval of the FCC.
Sprint Nextel face lawsuit for tax fraud in the state of New York
Dish Network Corp has retreated the takeover battle for Clearwire Corp that ended the bidding war between Dish and Sprint Nextel.
Dish Network is set to redeem $2.6 billion in debt.
SoftBank executive Masayoshi Son announced confidently that the deal offered for Sprint will be completed in July.
Sprint Nextel, to ease out Dish Network from the picture, upped the ante and offered US$5 per shsre.
SoftBank is nearing the completion of the acquisition of the Sprint Nextel deal.
Dish Network abandons its bid for Sprint Nextel before the Tuesday deadline stating that adding a new offer is impractical.
Dish Network is confronted with additional US$1.2 billion cost from taking Sprint Nextel Corp.
Charlie Ergen of Dish Network won a round against SoftBank Corp. as Clearwire Corp. endorsed the bid offer from Dish.
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