Clark Wayne
Superstar
Sprint and T-Mobile deal in line for FCC approval, with 5G the clincher
The head of the U.S. government's wireless regulator is giving the green light to T-Mobile's $26 billion acquisition of Sprint, a deal that will combine the country's third- and fourth-biggest wireless carriers — with some caveats.
The deal, which had been opposed by some consumer advocates who said it would mean reduced competition and higher prices, is contingent on the two companies agreeing to stipulations on the development of next-generation 5G technology and the expansion of broadband internet access to rural areas, according to a statement released Monday by the Federal Communications Commission.
“Two of the FCC’s top priorities are closing the digital divide in rural America and advancing United States leadership in 5G, the next generation of wireless connectivity," FCC Chairman Ajit Pai said in a press release. "The commitments made today by T-Mobile and Sprint would substantially advance each of these critical objectives."
The head of the U.S. government's wireless regulator is giving the green light to T-Mobile's $26 billion acquisition of Sprint, a deal that will combine the country's third- and fourth-biggest wireless carriers — with some caveats.
The deal, which had been opposed by some consumer advocates who said it would mean reduced competition and higher prices, is contingent on the two companies agreeing to stipulations on the development of next-generation 5G technology and the expansion of broadband internet access to rural areas, according to a statement released Monday by the Federal Communications Commission.
“Two of the FCC’s top priorities are closing the digital divide in rural America and advancing United States leadership in 5G, the next generation of wireless connectivity," FCC Chairman Ajit Pai said in a press release. "The commitments made today by T-Mobile and Sprint would substantially advance each of these critical objectives."