T-Mobile USA and MetroPCS Clear Last Government Hurdle
T-Mobile USA and MetroPCS today announced that their planned merger has received approval from all the necessary governmental bodies. On Wednesday, the Committee on Foreign Investment in the United States informed T-Mobile and MetroPCS that it saw no national security issues that might arise due to the transaction, and thereby concluded its review. The Federal Communications Commission and Department of Justice have both already given their approval of the deal. The merger now hinges on a MetroPCS shareholder vote, which is set to take place April 12. MetroPCS is urging its shareholders to vote in favor of the transaction.