News Formal

US telecoms regulator chair backs T-Mobile, Sprint merger

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Parties will require changes to proposed $26bn merger

David Shepardson and Diane Bartz

Federal Communications Commission chair Ajit Pai said on Monday he will recommend that the other four commissioners vote to approve the merger. A second member of the five-person FCC, commissioner Brendan Carr, a Republican, also said he will vote to approve the deal.Sprint shares jumped 25.1% to $7.73 while T-Mobile was up 6% to $79.93.

Altice USA, the fourth largest cable company, has urged the FCC to reject the deal because it was concerned the combined company could prevent it from offering phone service.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MTN’s Nigerian business to list on ThursdayMobile operator opts for listing shares of existing shareholders
Source: BDliveSA - 🏆 12. / 63 Read more »