FCC approves Sprint-Nextel merger

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FCC approves Sprint-Nextel merger

Sprint and Nextel received FCC approval Wednesday afternoon to complete a $35 billion merger the two companies agreed to on December 15. The newly formed carrier, to be called Sprint Nextel, will have a combined 44.4 million subscribers, the third largest carrier behind Cingular and Verizon. The merger is expected to close shortly, the companies say.

Read the complete story. (BetaNews)