Following the news that the New York Attorney General is giving the proposed T-Mobile-Sprint merger some extra scrutiny, some better news for the deal has emerged.
T-Mobile has received shareholder approval for its merger with Sprint. Deutsche Telekom Holding B.V., which holds 63.5 percent of T-Mobile Common Stock, gave T-Mo a written consent in favor of proposals to approve the issuance of shares of common stock as well as the amendment and restatement of the T-Mobile certification of incorporation in connection with the Sprint deal.
This is another hurdle that the T-Mobile-Sprint merger has cleared. The deal is still subject to approval from the FCC and DOJ, and last month, the FCC paused the informal 180-day shot clock on its review of the deal so that it could properly review new documents submitted by T-Mobile and Sprint.
T-Mobile and Sprint have said that they expect their merger to close in the first half of 2019.