The move would allow T-Mobile to more directly operate the brands, which already run on its network. The FCC says the agreement will allow Mint Mobile and Ultra Mobile customers to more easily switch service providers, Reuters reports. After getting regulatory approval, T-Mobile reportedly anticipates closing the deal on May 1.

Initially announced last year, the FCC grants final approval to T-Mobile's acquisition of popular budget wireless carrier, Mint Mobile.

T-Mobile has acquired Mint Mobile and Ultra Mobile, adding to its hold on the market. The FCC has approved the deal, paving the way for the acquisition to become official on May 1. The company's earnings call reveals impressive revenue and subscriber gains over competitors.

T-Mobile (TMUS) has won an OK from the Federal Communications Commission to move forward with purchasing budget wireless provider Mint Mobile, the brand co-owne