The FCC has signed off on Arch Wireless' $367 million equity-and-cash deal to acquire rival Metrocall Holdings. The proposed merger had encountered resistance because it would combine the two remaining providers of nationwide paging services. The FCC and Justice Department have spent more than seven months reviewing the merger, eventually deeming it beneficial to consumers and an industry considered in decline as a result of cell phone popularity, according to sources close to the deal.
November 12, 2004 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Arch Wireless Inc. has cleared the final government hurdle to completing its $367 million acquisition of Metrocall Holdings Inc.
The Federal Communications Commission was expected Wednesday to announce that it has cleared the transaction, which will create the country’s biggest provider of traditional paging and two-way wireless data messaging services. Metrocall announced Nov. 5 that the Department of Justice had ended its antitrust investigation into the deal.
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