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.
Most Popular Stories
- Pandora Tumbles in Late Trading
- Stop-Start Engines Save Gas, Reduce Emissions
- Sporty Ford Fiesta Fires on All 3 Cylinders
- World Tensions Don't Curb Enthusiasm for Stocks
- Ohio State Band Chief Fired After Probe
- Shia LaBeouf Plea Deal, Alcoholism Treatment
- Visa, Amazon Results Drag Down the Street
- U.K. Economy Surpasses Pre-Crisis Peak
- Russia Fears Lasting Damage From Ukraine Crisis
- Hispanic Leader Goes the Extra Mile