FTC, DOJ Clear Sprint's Virgin Mobile Buy


Source: CongressDaily
Author: Andrew Noyes

The Federal Trade Commission and Justice Department have given their blessings for Sprint-Nextel's planned $483 million merger with Virgin Mobile USA. The deal could still be subject to review by the Federal Communications Commission, which has yet to issue a public notice on the matter. Virgin Mobile holds a small number of international licenses, which need to be transferred and require approval by the FCC

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