The
FCC is on the path to formally approving the merger of T-Mobile and
Sprint. Chairman Ajit Pai had said he was inclined to okay the deal, and
Wednesday he shared a draft order with his colleagues to approve it,
subject to conditions. He asked them to vote in favor of the transaction
as well.
Pai called the FCC’s review of the proposed $26B transaction “one of the
most exhaustive merger reviews in Commission history.” The evidence, he
said, shows the deal will bring 5G wireless service faster to more
Americans, including rural areas. The draft order contains enforceable
conditions, requiring coverage of at least 99 percent of Americans
within six years.
Many critics have said the deal means less competition among wireless
carriers, which will drive up consumer prices. In fact, Commissioner
Jessica Rosenworcel said after receiving the draft order approving, “the
largest wireless merger in history,” she believes “we need more
competition, not less. I am not convinced that removing a competitor
will lead to a better outcome for consumers.” She called on the agency
to open up the transaction to more public comment before the Commission
votes on the transaction, noting: “too much here has been done behind
closed doors.” Continue Reading
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