UPDATE 1-FCC releases order approving Sprint, T-Mobile merger, vote was along party lines [Yahoo! Finance News]
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Source: Yahoo! Finance News
UPDATE 1-FCC releases order approving Sprint, T-Mobile merger, vote was along party lines Updates with comment, details of approval status, adds photo) WASHINGTON, Nov 5 ) - The Federal Communications Commission on Tuesday released its order approving T- US Inc's proposed $26.5 billion tie-up with Sprint Corp in a vote split along party lines. Chairman Ajit Pai and two other Republican commissioners voted to approve the deal while two Democratic commissioners voted against it. The FCC commissioners voted earlier this month but the order was not made public until they could cut confidential information and give commissioners time to draft statements. The two companies, the third and fourth largest U.S. wireless carriers, have been fighting for government approval since April 2018, and still face 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- and its parent, Deutsche Telekom AG
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