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The FCC has voted to approve Sprint and T-Mobile merging.
The US Federal Communications Commission has voted to approve T-Mobile's $26.5 billion merger with Sprint. The FCC pointed to Chairman Ajit Pai's recommendation in August to approve the merger, but it wasn't a unanimous vote -- FCC Commissioner Jessica Rosenworcel wrote Wednesday in The Atlantic about voting against the deal.
Wireless - Merger - History - Approval - Phone
"The largest wireless merger in history is now headed toward approval. If you own a mobile phone, as 96% of American adults do, that's bad news," Rosenworcel wrote. "Shrinking the number of national providers from four to three will hurt consumers, harm competition and eliminate thousands of jobs."
In July, the US Justice Department approved T-Mobile's $26.5 billion bid to merge with Sprint,...
(Excerpt) Read more at: CNET
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