FCC Chairman Endorses T-Mobile Merger With Sprint
"This is a unique opportunity to speed up the deployment of 5G throughout the United States and bring much faster mobile broadband to rural Americans," said chairman Ajit Pai.
A telecom merger that has been years in the making is poised to clear a major regulatory hurdle.
Ajit Pai, the Federal Communications Commission chairman, said Monday that he endorses the merger of T-Mobile and Sprint, a $26 billion deal. This came after the companies agreed to various concessions, including a pledge to not raise prices for three years.
"I believe that this transaction is in the public interest and intend to recommend. "This is a unique opportunity to speed up the deployment of 5G throughout the United States and bring much faster mobile broadband to rural Americans. We should seize this opportunity."
