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 SchumerSenate Dems step up protests ahead of ObamaCare repeal vote Senate Dems plan floor protest ahead of ObamaCare repeal vote Dem senator: Don't bet against McConnell on ObamaCare repeal MORE (D-N.Y.) and John McCainJohn McCainChanging America: America’s growing education divide Congress needs to support the COINS Act GOP’s message on ObamaCare is us versus them 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.