Feds approve T-Mobile merger with MetroPCS
The Federal Communications Commission today officially approved the merger between T-Mobile USA and MetroPCS. The Department of Justice also gave a green light for the deal.
In a statement, FCC Chairman Julius Genachowski said that the merger will strengthen the U.S. wireless market by "moving toward robust competition and revitalized competitors."
The Justice Department, meanwhile, said in its statement that because MetroPCS is a regional provider and T-Mobile is a nationwide carrier, competition should not be harmed at a national level by allowing the companies to combine. And because MetroPCS competes in markets where all four nationwide … Read more
