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FCC Chairman Endorses T-Mobile Merger With Sprint


Added 05-20-19 03:07:02pm EST - “"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.” - Npr.org

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Posted By TheNewsCommenter: From Npr.org: “FCC Chairman Endorses T-Mobile Merger With Sprint”. Below is an excerpt from the article.

FCC Chairman Ajit Pai said Monday that he endorses the merger of T-Mobile and Sprint. Mark Lennihan/Associated Press hide caption

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 to my colleagues that the FCC approve it," Pai stated. "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."

As NPR's Alina Selyukh reported, "the full FCC is likely to soon approve the deal, while the Justice Department finishes its own review." The Justice Department is specifically looking at antitrust concerns.

If approved, it would reduce the number of major U.S. wireless telecom carriers from four to three. The merger would combine third-largest T-Mobile with fourth-largest Sprint in competition with the two biggest providers, Verizon and AT&T.

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