Mon, 20 May 2019 17:18:13 GMT
FCC head backs T-Mobile-Sprint deal
On Monday, T-Mobile's $26B takeover deal with its competitor Sprint Corp has won the FCC head's support, marking a big step forward to the acquisition's approval, sending Sprint's stock up 23.5% to $7.64, while T-Mobile's shares surged 5.3% to $79.33.