FCC approves T-Mobile-Sprint merger
The Federal Communications Commission (FCC) on Wednesday voted along party lines to approve the $26 billion merger between T-Mobile and Sprint, the final move needed for the deal to secure the U.S. government’s full blessing.
Two sources familiar confirmed to The Hill that the merger has been approved, with the three Republicans on the commission voting in favor and the two Democrats dissenting.
But the merger is still facing a significant obstacle as a group of 17 state attorneys general forge ahead in their lawsuit to block the deal. The multistate lawsuit, announced over the summer, claims that the combined telecom giant would ramp up prices for consumers and result in significant job losses.
Democrats publicly oppose it: Both Democratic FCC commissioners, Jessica Rosenworcel and Geoffrey Starks, said Wednesday that they voted against the deal, arguing that the merger will come at a steep price to consumers.
“In short, I believe that T-Mobile and Sprint have not proven that their merger will benefit the public interest,” Starks said in a statement. “I hope for the sake of consumers that I am wrong. I fear that we will one day look back at this decision and recognize it as a moment that forever changed the U.S. wireless industry, and not for the better.”
In an Atlantic op-ed on Wednesday morning, Rosenworcel announced her vote against the deal, saying she believes it will “end a golden age in wireless that helped bring to market lower prices and more innovative services.”
When we’ll see the order: The FCC order has not yet been released publicly. According to a source familiar with the process, the commissioners still have time to finalize their statements and put together the final draft, meaning the order may not come out for another few weeks.