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SoftBank awaits merger ruling with hopes to slash Sprint risk

Shares jump on FCC chief's endorsement but Justice Department still stands in way

The proposed merger between Sprint and T-Mobile US had won support recently from the Federal Communications Commission.   © Reuters

TOKYO/NEW YORK -- SoftBank Group looks one step closer to minimizing risks related to U.S. subsidiary Sprint, now that the chief U.S. telecommunications regulator issued a statement supporting the proposed $26 billion merger of the carrier with rival T-Mobile US.

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