T-Mobile’s proposed merger with prepaid wireless carrier MetroPCS (PCS) got a little bit closer to becoming a reality on Wednesday after the United States Department of Justice declined to file any objections within the waiting period required by U.S. antitrust laws. Fox Business reports that the merger still needs “approvals from the Federal Communications Commission, the Committee on Foreign Investment and MetroPCS shareholders” to go through, so the deal still has a way to go before being finished. Getting MetroPCS shareholder approval could be particularly tricky 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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T-Mobile-MetroPCS merger clears major hurdle after DOJ files no objections