FCC Chair Backs T-Mobile and Sprint Deal, Clearing Hurdle for Merger

FCC Chair Backs T-Mobile and Sprint Deal, Clearing Hurdle for Merger

T-Mobile's proposed $26.5 billion merger with Sprint just cleared its first legal hurdle, as Federal Communications Commission chair Ajit Pai says he will recommend that the agency approve the deal. The companies also agreed to spin off Boost Mobile, the prepaid phone service owned by Sprint.