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Pennsylvania Utilities Commission approves T-Mobile Sprint merger



FILE PHOTO: A T-Mobile store depicted in Manhattan, New York, New York, USA, May 20, 2019. REUTERS / Carlo Allegri / File Photo

WASHINGTON (Reuters) ̵

1; Pennsylvania Public Utility Commission On Thursday T-Mobile US Inc. approved its $ 26 billion acquisition of rival Sprint Corp, which brings the megamaker one step closer to completion.

The Commission voted 3-2 to approve the agreement, it said in a statement.

The companies are still awaiting approval from the Justice Department's Antitrust Division and two other state commissions, for California and Hawaii. It was unclear whether state lawyers would generally fight the proposed transaction.

The agreement has won approval in principle from the Federal Communications Commission and other public government commissions.

Critics of the transaction have said that it will lead to higher prices for consumers, especially poorer people using prepaid wireless plans that do not require credit checks.

The companies have promised not to raise prices and said that merging would give them faster build 5G, next-generation wireless networks.

Reporting by Diane Bartz; Editing by Richard Chang

Our Standards: Thomson Reuters Trust Principles.

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