WASHINGTON: T-Mobile US Inc won U.S. antitrust approval for its US$26 billion takeover of rival Sprint Corp, the Justice Department said Friday, clearing a major hurdle to a deal that merges the nation's third and fourth largest wireless carriers.
"It's a bit dumbfounding to think that we've decided to go and build this network and go through this merger so that we can become the basic, lazy, fat, dumb and arrogant players that we were born to teach how to behave," he told analysts in a conference call. New York State Attorney General Letitia James indicated the lawsuit would continue, at least in part because of what critics see as Dish's failure to live up to pledges it had made.
Federal Communications Commission Chairman Ajit Pai said in a statement on Friday he would soon circulate a formal order supporting the deal. The FCC could vote on final approval in August or September, officials said.
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