24 May '13, 4pm

Sprint, SoftBank Earn Final State Approval for Deal via @WirelessWeek

The California Public Utilities Commission voted to approve the transaction between Sprint and SoftBank. This decision marks the final necessary state approval for SoftBank’s proposed $20 billion bid to acquire 70 percent of Sprint. In a statement, the California Commission said the deal should lead to increased competition that “will benefit consumers and the telecommunications marketplace.” Sprint and SoftBank filed with and received approval from 23 states and the District of Columbia in regards to their merger, which Sprint reaffirmed its commitment to closing by July 1. Sprint and SoftBank are still awaiting federal regulatory approval for the transaction, but exiting FCC Chairman Julius Genachowski said in March that the deal is on track for approval from the Commission. Sprint shareholders are scheduled to vote June 12 on the SoftBank transaction. As the Sprint move...

Full article: http://www.wirelessweek.com/news/2013/05/sprint-softbank-...

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Palestinian-Israeli peace deal 'still possible': Abbas

Palestinian-Israeli peace deal 'still possible'...

channelnewsasia.com 25 May '13, 2pm

AL-SHUNAH, Jordan: Peace between Israelis and Palestinians is "still possible", Palestinian president Mahmud Abbas said on...