Monday, 18 November 2019

FCC gives its approval for T-Mobile's merger with Sprint but the deal isn't signed off yet

By Chris Kelly, Total Telecom
Thursday 17 October 19

The pair must now wait on the outcome of a multi-State court case before the deal can conclude

The Federal Communications Commission (FCC) has voted to approve the proposed merger between US carriers T-Mobile and Sprint, by a margin of 3 votes to 2. While the FCC has yet to formally publish its verdict…

The Federal Communications Commission (FCC) has voted to approve the proposed merger between US carriers T-Mobile and Sprint, by a margin of 3 votes to 2.

While the FCC has yet to formally publish its verdict, sources close to the matter told journalists at Bloomberg that the decision had been made. 

The $26.5 billion merger has already received approval from the US Department of Justice and the FCC is the final regulatory body required to provide its consent before the deal can be finalised.

However, despite clearing the final regulatory hurdle, T-Mobile and Sprint must now await the outcome of a multi-State lawsuit, bought by a group of US states who oppose the deal on the grounds that it will reduce competition.  

The lawsuit is set to go to court in early December, with T-Mobile and Sprint agreeing not to proceed with their prospective merger until after the court case has concluded.

The proposed merger would create the US' third biggest telco, with the scope and scale to challenge AT&T and Verizon for nationwide dominance.

Also in the news

US firms continue to dominate the Global 100

T-Mobile employees fear job cuts post Sprint merger

Sprint and Nokia ramp up 5G services in the US

Since you're here...

...the Telecoms industry is characterised by constant change and evolution. That's why it's crucial for telecoms professionals to keep up-to-date with what is happening. Join 35,000+ of your peers and sign up to our free newsletter service today, to be in the know about what is going on. PLUS, as a member you can submit your own press releases!

See all membership options

Please enable JavaScript to view the comments powered by Disqus.

Newsletter signup

Quickly get on board and up to date with the telecoms industry