Kellen
With the T-Mobile-Sprint merger in trouble, the deadline for completion has been pushed back to July 29. The US Justice Department still has not decided whether or not to approve it, so T-Mobile filed an extension with the SEC today.
Makan Delrahim, the head of the Justice Department’s Antitrust Division, said that he had not made up his mind on if he’d approve the deal that would merge the 3rd and 4th largest wireless carriers in the US. He noted that they had requested new data from the companies, so T-Mobile and Sprint obviously need more time to get that together and possibly run through another set of meetings.
T-Mobile and Sprint believe that the two combined would help them quickly rollout the best 5G network, compete better with Verizon and AT&T, create jobs, and keep wireless prices low. The US government is still trying to figure out if that’ll actually happen.
We’ll keep you updated.
// Reuters
Collapse Show Comments