T-Mobile, MetroPCS Merger Passes Department of Justice

The U.S. Department of Justice has not filed an objection to the merger between T-Mobile and MetroPCS. Antitrust law mandates a waiting period in which the DOJ can object, and that period has now passed. “Deutsche Telekom has reached an important staging post at the approval process of the merger of its subsidiary T-Mobile USA and MetroPCS,” Deutsche Telekom, T-Mobile’s parent company, said in a released statement.

That’s one important hurdle down for the deal, but it’s not the last. The merger still needs approval from the Federal Communications Commission, the Committee of Foreign Investment, and MetroPCS shareholders. The shareholder vote was originally scheduled for March 28, but has since been pushed back to April 12.

Objections to the deal have already come from investors such as Paulson & Co., which is MetroPCS’ largest shareholder. Another potential problem has emerged in a complaint from the Communications Workers of America, which told the FCC that the merger will result in job cuts. T-Mobile and MetroPCS have denied that claim, but the CWA continues to push the FCC to add a condition to the deal that would preserve jobs.

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