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 SchumerJuan Williams: The politics of impeachment Texas Republicans slam White House over disaster relief request Dem rep: Trump disaster aid request is 'how you let America down again' MORE (D-N.Y.) and John McCainJohn Sidney McCainTrump's dangerous Guantánamo fixation will fuel fire for terrorists Tech beefs up lobbying amid Russia scrutiny Ad encourages GOP senator to vote 'no' on tax 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.