The regulatory approval was the last hurdle for SoftBank's $21.6 billion bid to buy 78 percent of Sprint, the No. 3 U.S. wireless provider. Sprint's bid to buy out the portion of wireless company Clearwire that it doesn't already own faces a vote by minority shareholders on July 8.
"Today is a good day for all Americans who use mobile broadband services," FCC's Acting Chairwoman Mignon Clyburn said in a statement. "After thorough review, the Commission has found that the proposed Softbank-Sprint-Clearwire transactions would serve the public interest."
The FCC had the votes needed for approval on Wednesday, sources familiar with the matter told Reuters.
(Reporting by Alina Selyukh; Editing by Chizu Nomiyama)
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