Maryland PSC Clears T-Mobile/Sprint, Mitel Deals
Maryland's Public Service Commission voted 5-0 Wednesday to note Sprint’s sale to T-Mobile and require applicants notify the commission about any changes to the deal’s status. PSC staff believes the transaction is in the public interest but need not be…
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formally approved because T-Mobile isn't a phone company under the statute and Sprint doesn’t operate in Maryland, said Associate Staff Counsel Kenneth Albert at the livestreamed meeting. Chairman Jason Stanek said “obviously this is a large merger, but we are not the primary venue.” In another unanimous vote, the PSC similarly noted but didn’t have to approve the $2 billion transfer of Mitel Cloud Services to MLN TopCo, a Cayman Islands exempted company. Staff said the deal is in the public interest, Albert said. Stanek said he’s “always skeptical of transactions that are effectuated in the Cayman Islands just for the purposes of being a shell company.”