T-Mobile, MetroPCS Clear Final Regulatory Hurdle
The U.S. Committee on Foreign Investment has given its blessing to the proposed merger of T-Mobile and MetroPCS. The deal has now received all necessary regulatory approval.
The Committee concluded that there were no “unresolved national security concerns” in respect to the merger.
Both the FCC and Justice Department approved the deal earlier this month.
In anticipation of finalizing the deal, T-Mobile and MetroPCS yesterday announced the board for the combined company.
T-Mobile's parent company, Deutsche Telekom announced the merger in October 2012. DT will pay $1.5 billion for 74 percent share of the compay, while MetroPCS shareholders will hold onto the remaining portion.
MetroPCS stockholders are expected to vote on the merger at an April 12 special meeting.