Market Pulse: FCC approves Sprint-Nextel merger
snipits: "The FCC commission voted 4-0 in favor of the deal, as expected. The companies will not be required to divest any operations. The companies could complete the transaction before the end of the month."
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http://biz.yahoo.com/ap/050803/sprint_nextel.html?.v=2 »
"With the FCC's unanimous action, the merger awaits approval from the Justice Department."
"The FCC said the deal "will serve the public interest, convenience, and necessity, and that the likely public interest benefits of the merger outweigh any potential public interest harms.""
"The new company would have more than 40 million wireless customers and $40 billion in annual revenue....
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