account
search
search

FCC OKs T-Mobile, MetroPCS merger

  |   March 12, 2013 at 5:19 PM
WASHINGTON, March 12 (UPI) -- The U.S. Federal Communications Commission said Tuesday that a merger between T-Mobile and MetroPCS would serve the public's interest.

The FCC said the merger would accelerate development of a 4G LTE system across the country.

"We anticipate that the combination of T-Mobile USA and MetroPCS would enable the deployment of a substantial LTE network nationally that would enhance competition and provide important benefits for consumers," the commission said in its ruling.

"With today's approval, America's mobile market continues to strengthen, moving toward robust competition and revitalized competitors," FCC Chairman Julius Genachowski said in a statement.

PCMagazine reported that MetroPCS shareholders now have to approve the deal. They are scheduled to vote on the merger at a shareholder meeting on April 12.

Related UPI Stories
© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
x
Feedback