T-Mobile and MetroPCS Merger Approved by the FCC

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In a statement, the FCC stated that the merger is a good thing for the consumers as it will fasten the rate of investment in telecom sector and both firms together will pose greater competition to the industry.

In a spate statement, the Justice Department has also confirmed that it had given go ahead signal to the deal. The merger will bring in the countries 4th and 5th largest carrier together in the middle of concerns on the increased cellphone bills.

The merger still needs approval from the US Committee on Foreign Investment since T-Mobile is owned by German Company Deutsche Telekom. That being said, the merger is more likely to be approved by all corners mainly because of U.S. official’s strong urge to allow greater completion in the wireless market that’s worth $178 billion.

 

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