The Federal Communications Commission has signed off on the proposed merger between MetroPCS and T-Mobile.
The FCC order released today comes shortly after the Department of Justice also cleared the proposed deal after it passed antitrust scrutiny.
Earlier today, MetroPCS said it sent a letter
to shareholders urging them to approve the deal in an April 12 vote.
The Committee on Foreign Investment also needs to sign off on the deal.
The FCC concluded that the "likely public interest benefits" would be
greater than the potential "public interest harms" in select markets,
while saying it is unlikely the deal would have generally negative
effects on competition. Regulators acknowledged horizontal competitive
issues in certain markets, but added that on a national level it would
increase competition, particularly against the three largest wireless
MetroPCS and T-Mobile combining spectrum assets would play a key role in adding competition to the market.