Two U.S. providers of phone services for correctional facilities called off their planned merger after the Federal Communications Commission refused to clear the deal. Closely held Securus Technologies Inc. and Inmate Calling Solutions LLC on Tuesday withdrew their merger application after FCC staff reviewing the deal said it would hurt the public interest. FCC Chairman Ajit Pai said he agreed with the staff decision.

Source: Wall Street Journal April 03, 2019 01:41 UTC