T-Mobile/Sprint Seek FCC Clarity on Foreign Ownership
T-Mobile and Sprint asked the FCC for a declaratory ruling that “it would not serve the public interest to prohibit indirect foreign ownership of T-Mobile and its subsidiaries of up to 100 percent.” The two filed a petition for declaratory…
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ruling in docket 18-197 as part of the process for T-Mobile’s planned buy of Sprint (see 1806190062). “On multiple occasions in previous granted declaratory rulings, the FCC has repeatedly approved 100 percent indirect ownership in T-Mobile and its wholly owned subsidiaries by T-Mobile’s ultimate parent, Deutsche Telekom,” they said. The FCC has authorized similar ownership of Sprint by Japan’s SoftBank, they said: “No new foreign entities are being introduced as a result of this transaction."