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Third FCC Member Indicates Sprint / T Mobile Merger Support – Sprint Corporation (NYSE: S)



FCC Commissioner Mike O & # 39; Rielly indicates that he is "inclined to support a merger of Sprint (NYSE: S) and T-Mobile (NASDAQ: TMUS), where the agency's approval of

Together with other Republican panelists Brendan Carr and chairman Ajit Pai, who gives the agreement three-vote majority as it must pass the pattern on the FCC, Sprint shares rocket today after Pai announced that he was inclined to support the merger.

The FCC is on day 1

68 of an informal 180-day appointment schedule timeline.

When the FCC formalizes its support, the new obstacle is the Justice Dept. – and new doubts arose today Whether a deal that shrinks the national wireless market to three players from four will get it OK.

Sprint completed the day up 18.9% ; It's the biggest win for almost three years. Mobile closed up 3.9%; AT & T (NYSE: T) and Verizon (NYSE: VZ) [16459009] up 1.6% .


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