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5G networks

SoftBank scores coup as FCC chief backs T-Mobile, Sprint merger

Deal still faces potential opposition from DOJ over competition concerns

NEW YORK/TOKYO -- The merger plans for American wireless carriers T-Mobile U.S. and SoftBank Group-owned Sprint took a major step forward with the head of the U.S. regulator expressing support for the tie-up.

The proposed $26 billion merger between the nation's third- and fourth-biggest carriers was widely seen to be in trouble as recently as last month when the U.S. Department of Justice reportedly told the two companies that the megadeal was unlikely to win approval as is.

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