FCC approves T-Mobile/MetroPCS merger

13 Mar

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Sorry, AT&T (T) — it seems that the Federal Communications Commission is willingto let T-Mobile merge with another company after all, as long as it doesn’t involve you.Bloomberg reports on its Twitter account that the FCC has approved the proposed merger between T-Mobile and MetroPCS (PCS), which still has to be approved by MetroPCS shareholders to become official. This last step could be particularly tricky, however, since some shareholders last year filed a lawsuit to block the merger while accusing the companies of “cheating shareholders” by “drastically” undervaluing MetroPCS’ worth.

 

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