According to a report from the Wall Street Journal, T-Mobile won approval from US national-security officials for its planned takeover of Sprint, according to people familiar with the matter, bringing the two rivals a step closer to closing their roughly US$26 billion combination.
The Committee on Foreign Investment in the US, or CFIUS, told the companies Monday, December 17, that it had cleared the union of the No. 3 and No. 4 carriers by subscribers after several months of negotiations with company representatives, the people said.
The deal still needs approval from antitrust authorities at the Federal Communications Commission and Justice Department. T-Mobile executives have said they expect that process to end in the first half of next year.
Full Content: Wall Street Journal
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