FCC Chair Backs T-Mobile and Sprint Deal, Clearing Hurdle for Merger

T-Mobile’s proposed $26.5 billion merger with Sprint just cleared its first legal hurdle, as Federal Communications Commission chair Ajit Pai says he will recommend that the agency approve the deal. The FCC will most likely follow his lead, but the deal still needs approval from the Justice Department, where antitrust enforcement staffers have expressed concerns, …

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