The US Federal Communications Commission (FCC) has cleared the way for an acquisition which could boost T-Mobile' network holdings.
The FCC said that it had granted approval to the company's planned acquisition of MetroPCS, clearing an important regulatory hurdle for the deal.
In its ruling, the FCC said that it did not believe that the merger would harm competition in the mobile space and could in fact improve network quality for MetroPCS customers. Additionally, the Commission said that it does not foresee a widespread loss of jobs as a result of the deal.
"Based on the record before the Bureau, I generally agree that these transfer of control applications would not likely result in competitive harm to wireless consumers," FCC commissioner Mignon Clyburn said in a statement on the ruling.
"It also appears that this transaction could lead to benefits such as greater deployment of advanced Long Term Evolution (LTE) services, the expansion of the MetroPCS brand into new geographical markets, and the development of a more robust, nationwide network."
The companies said that with FCC approval in hand, they plan to move forward with the transaction and put the matter up for vote by MetroPCS stockholders. The two firms have scheduled a special meeting for 12 April in which the shareholder vote will take place.
"We look forward to completing the transaction and delivering the significant customer and stockholder benefits that this combination will make possible," said T-Mobile president and chief executive John Legere.
"Our combined company will have the products, spectrum, scale and resources to shake up this industry and deliver an entirely new wireless experience."
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