WASHINGTON: The US telecom regulator on Tuesday approved the merger of T-Mobile and Sprint, moving the tie-up of the third- and fourth-largest US carriers closer to completion.
Voting against the deal, FCC commissioner Jessica Rosenworcel said it will result in three firms controlling 99 per cent of the wireless market. He also noted that in some areas of the country, the number of carriers would increase from two to three.The companies have said they would not finalize the deal until an antitrust challenge from more than a dozen US states is resolved. They anticipate a closing sometime next year.
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