FCC approves merger of T-Mobile, Sprint on vote split on party lines - sources
WASHINGTON (Reuters) - T-Mobile US Inc's proposed $26.5 billion (20.7 billion pounds) tie-up with Sprint Corp 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.
WASHINGTON (Reuters) - T-Mobile US Inc's
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 <9984.T> and T-Mobile and its parent Deutsche Telekom AG
The U.S. Justice Department approved the deal in July.
Under the Justice Department deal, the companies would divest Sprint's prepaid businesses, including Boost Mobile, to satellite television company Dish Network Corp
(Reporting by David Shepardson; writing by Diane Bartz; Editing by Lisa Shumaker)
This story has not been edited by Firstpost staff and is generated by auto-feed.
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