A busy week at the FCC culminated with a long-awaited decision on Paramount Global and Skydance’s merger. The Commission gave its stamp of approval on the transaction, saying it found “no material public interest harms” from the deal. However, New Street Research’s Blair Levin questioned what “public interest” is defined as and doesn’t think the FCC’s order gives a clear direction for future transactions. Meanwhile, T-Mobile’s business MVNO move could have implications for Verizon’s consumer-focused MVNO in the future. Although some think Verizon isn’t in any danger, others wonder what T-Mobile’s long-term MVNO plans could be—and whether AT&T will want to step into the ring.