Majority of FCC backs SoftBank purchase of Sprint

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Justin Cole, an FCC spokesman, declined to comment.

The order would also approve Sprint's acquisition of wireless network operator Clearwire, which owns the rights to valuable swathes of wireless frequencies.

The FCC approval is the final obstacle to the pair of telecom deals. 

SoftBank's acquisition of Sprint could pump more money into the company and help it take on industry leaders AT&T and Verizon.

Dish Network had pushed its own competing proposals for both Sprint and Clearwire, but recently abandoned its bid.

Dish had warned that allowing SoftBank, a Japanese company, to own such large U.S. telecommunications networks would pose a threat to national security. Sens. Charles SchumerCharles (Chuck) Ellis Schumer'Right to try' is a win for patient rights and President Trump Overnight Finance: White House planning new tax cut proposal this summer | Schumer wants Congress to block reported ZTE deal | Tech scrambles to comply with new data rules OPEC and Russia may raise oil output under pressure from Trump MORE (D-N.Y.) and John McCainJohn Sidney McCainTo woo black voters in Georgia, Dems need to change their course of action Senate panel again looks to force Trump’s hand on cyber warfare strategy Senate panel advances 6B defense policy bill MORE (R-Ariz.) also expressed concern about the SoftBank deal.

After SoftBank agreed to a series of concessions, an interagency panel cleared the deal of national security concerns in May.