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Technology Stocks : Softbank Group Corp

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From: Glenn Petersen	5/20/2019 9:46:50 AM
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FCC chairman will recommend approval of T-Mobile, Sprint deal David McCabe Axios May 20,019 Federal Communications Commission Chairman Ajit Pai said Monday morning that he would recommend the agency approve the proposed merger between T-Mobile and Sprint. Why it matters: The deal, which also requires federal approval from the Department of Justice, would reduce the number of national wireless carriers from 4 to 3. The FCC's announcement comes after the companies promised to divest Sprint's prepaid wireless brand, among other pledges, according to Pai. What he's saying: "I believe that this transaction is in the public interest and intend to recommend to my colleagues that the FCC approve it," said Pai. "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." axios.com

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