U.S. regulator stops the clock on review of Sprint and T-Mobile’s proposed merger

The FCC said it typically allows for additional public input after “substantial new submissions” by the applicants. The FCC said it expects to resume the “shot clock,” at the current Day 122 on April 4.T-Mobile and Sprint in separate statements called the FCC decision “a positive step” that the FCC is “so deeply engaged in understanding this transaction and our recent filing, and we completely understand their desire” to stop the clock “to fully review the merits of our merger.

Last month at a congressional hearing, House Democrats raised worries about the deal because the U.S. wireless market has just four main carriers. The industry leaders are AT&T Inc and Verizon Communications Inc. T-Mobile Chief Executive John Legere defended the deal, arguing that it will create jobs and help with the construction of the next generation of wireless networks. He said the merged company would have more capacity which would lead to a push to lower prices.

Legere and Sprint Executive Chairman Marcelo Claure will testify at another U.S. House hearing on March 12.Story continues below advertisementThe Communications Workers of America said in a statement Thursday the decision of the companies to file new analyzes of the merger suggests they “have failed to persuade regulators.” The union argues the deal will eliminate tens of thousands of jobs.

A group of eight Democratic U.S. senators and independent Senator Bernie Sanders last month urged regulators to reject the deal, saying monthly bills could rise as much as 10 percent.

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