Original title: FCC approvals merger of T-Mobile, sprint on vote split on party lines: sources
Netease technology news, October 17 news, according to foreign media reports, sources said that on Wednesday local time, the proposed $26.5 billion acquisition of sprint by T-Mobile us was officially approved by the Federal Communications Commission (FTC).
According to the source, in the vote on the acquisition, the chairman of the Federal Communications Commission, Architte,
The text of the approval order for the acquisition is not expected to be released until later this month.
The deal, which was approved, is actually a merger of the third and fourth largest wireless operators in the United States. Since April 2018, the two companies have been seeking government approval for the deal. However, the deal still faces lawsuits from a group of state attorneys general, led by New York.
The lawsuit is against Sprint and its parent company, Softbank Corp. Group (Softbank Group),, and T-Mobile US and its parent company, German Telecom (Deutsche Telekom).. The lawsuit claims that the completion of the deal will reduce competition and lead to higher consumer prices. But Sprint and T-Mobile US claim that the merger will give them the ability to compete with rival AT in 5G technology
In July, the U.S. Department of Justice approved the acquisition.
According to the Ministry of justice's approval document for the acquisition, the two wireless operators spin off sprint's prepaid business (including Boost Mobile) to dish network, a satellite TV company, and provide access to 20000 mobile base stations and hundreds of retail locations. The deal to divest the business is worth about $5bn. (Tianmen Mountain)