Sprint and T-Mobile got one step closer on their journey towards merging, with approval coming in from the Committee on Foreign Investment in the United States on Monday. This committee is a government panel that reviews deals involving foreign investors and is an important step for the two carriers to clear.
There are still other regulators that must approve the deal, but requests from the US Departments of Justice, Homeland Security and Defense to delay the deal have been withdrawn, another victory for the merger. “We are pleased to achieve both of these important milestones in the journey to build the New T-Mobile,” CEO John Legere said in a statement.
