The FCC Votes To Approve Merger Between T-Mobile And Sprint
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The FCC approved a $26 billion merger between T-Mobile and Sprint, despite opposition from Democratic commissioners. The merger still faces a lawsuit from state attorneys general concerned about potential price increases for consumers. A trial is scheduled for December. Commissioner Jessica Rosenworcel criticized the merger for reducing competition and lacking proper analysis. Commissioner Geoffrey Starks opposed the merger partly due to an ongoing SEC investigation into Sprint's misuse of federal funds.
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