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The Wall Street Journal is reporting that Japan-based SoftBank will allow the U.S. government to pick a member of Sprint's board if the Softbank-Sprint deal goes through. - 

Stock in Japan's Softbank rose 2.2 percent today after shareholders of Sprint Nextel approved an offer from Softbank to acquire a bulk of the U.S. phone company. Left jilted is the alternate buyer, the satellite TV company Dish Network. Now it's up to Washington regulators to decide if Sprint Nextel should have majority foreign ownership. 

Independent telecom analyst Jeff Kagan joins Marketplace Morning Report host David Brancaccio to discuss.

Follow David Brancaccio at @DavidBrancaccio