Fox Business

Sprint and T-Mobile officials have convinced White House economic and national security policymakers to approve their proposed merger on the grounds that the new company will be a formidable competitor for foreign entities, including those in China, in the ongoing battle to build a fifth-generation wireless network. Despite Sprint and T-Mobile’s successful efforts lobbying those in the executive branch, there’s no guarantee the deal will receive approval from two key regulators that are necessary for the merger to close: The Federal Communications Commission and Department of Justice.