FCC voted 3 to 2 to approve T-Mobile, Sprint merger

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FCC voted 3 to 2 to approve T-Mobile, Sprint merger

In the face of a growing criticism over T-Mobile US Inc.’s $26.5 billion acquisition deal for Sprint Corp., the FCC (Federal Communications Commission) had voted three to two to formally approve the tie-up, at least two sources familiar with the subject-matter had unveiled on Wednesday, the 16th of October 2019.

Apart from that, protests against the merger deal had been intensifying over the recent week claiming that a tie-up between Sprint and T-Mobile in effect would hurt competitiveness in the US wireless carrier industry and would lead to a higher data expenses for pre-paid users.

Nonetheless, despite protests from a number of US lawmakers alongside a negative signal from the US Department of Commerce, FCC head Ajit Pai alongside two Republican commissioners had voted to approve the merger on Wednesday (October 16th), while two Democratic commissioners had voted against the deal, the sources said on condition of anonymity as they were not authorized to speak over the subject-matter on public.

Meanwhile, one of the two sources briefed directly over the issue had been quoted saying on Wednesday (October 16th) that a formal order of approval to merge T-Mobile US Inc. and Sprint Corp., the third- and fourth-largest US wireless carrier respectively, behind, Verizon and AT&T, was expected to be released later this month.