FCC OKs merger of T-Mobile and Sprint on party line vote
T-Mobile's proposed $26.5 billion tie-up with Sprint won formal approval from the Federal Communications Commission on Wednesday in a vote split along party lines, two sources told Reuters.
Chairman Ajit Pai and two Republican commissioners voted to approve the deal while two Democratic commissioners voted against it, the sources said.
The text of the approval order is not expected to be released until later in the month.
The deal to combine the third and fourth largest U.S. wireless carriers, which has been fighting for government approval since April 2018, still faces a lawsuit brought by a group of state attorneys general, headed by New York.
The lawsuit against Sprint and its parent company Softbank Group Corp and T-Mobile and its parent Deutsche Telekom AG argues the deal will lead to higher prices for consumers. A trial date has been set for Dec. 9.
https://www.msn.com/en-us/money/companies/fcc-oks-merger-of-t-mobile-and-sprint-on-party-line-vote/ar-AAISJm1?li=BBnb7Kz
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