The Department of Justice recently gave Sprint and T-Mobile US approval for a long-pending $26 billion merger with extensive concessions. And now Ajit Pai, chairman of the Federal Communications Commission, has circulated a draft order that approves the deal signifying his formal approval. The major remaining issue are lawsuits challenging the merger brought by 16 state attorneys general.
Sprint and T-Mobile US leaders are reportedly discussing potential settlement terms and previously said they wouldn’t finalize the merger until the lawsuits are resolved.
