John Legere, chief executive officer of T-Mobile US Inc., left, gives Marcelo Claure, chairman of Sprint Corp. and chief operating officer of SoftBank Group Corp.,"bunny ears" before the start of a House Judiciary Subcommittee hearing in Washington, D.C., U.S., on Tuesday, March 12, 2019. The hearing marks the third time executives for T-Mobile and Sprint have to defend their $26 billion merger before Congress as opponents of the deal continue to urge regulators to block it.
Now, as the reviews at the Justice Department and the Federal Communications Commission drag on, T-Mobile has updated its merger plan with a further delay. In a filing yesterday with the Securities and Exchange Commission, T-Mobile pushed back its proposed completion date for the merger to July 29, noting that the deal"remains subject to regulatory approvals and certain other customary closing conditions.
The proposed merger has galvanized support for stronger antitrust enforcement, and inevitably invites comparison to AT&T's takeover of Time Warner, a deal the Justice Department sued to block, only to lose in court. That deal may have had a political dimension to it -- it has been widely reported that President Trump prevailed on his administration to oppose the deal, which involved the parent company of CNN, a frequent target of criticism from the White House.
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