T-Mobile US Inc. won a California regulator’s approval for its acquisition of Sprint Corp.'s wireless and landline phone businesses, clearing the way for the companies to integrate their operations in the nation’s most populous state.
The California Public Utilities Commission’s voted unanimously to approve the deal that combined the nation’s third and fourth largest wireless carriers. It added conditions, including a requirement that T-Mobile offer ultrafast download speeds to at least 93% of Californians by 2024.
The regulator was the last hurdle to the merger, first announced in June 2018. The companies in February defeated a legal challenge from a ...
Learn more about Bloomberg Law or Log In to keep reading:
Learn About Bloomberg Law
AI-powered legal analytics, workflow tools and premium legal & business news.
Already a subscriber?
Log in to keep reading or access research tools.