Sprint falls as its merger with T-Mobile is reportedly likely to blow past a second deadline

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The two companies plan to extend their merger agreement deadline as they iron out conditions for a new telecom competitor.

Sprint fell nearly 4% on Thursday after The Wall Street Journal reported merger discussions with T-Mobile have slowed. The Justice Department will only allow the deal if both companies give a fourth competitor enough resources to compete in the telecom sector. Dish Network is the current frontrunner to occupy that space. Sprint and T-Mobile are planning to extend their merger agreement past its July 29 deadline. Watch Sprint trade live here. Sprint dropped as much as 3.

Sprint fell nearly 4% on Thursday after The Wall Street Journal reported merger discussions with T-Mobile have slowed. The Justice Department will only allow the deal if both companies give a fourth competitor enough resources to compete in the telecom sector. Dish Network is the current frontrunner to occupy that space. Sprint and T-Mobile are planning to extend their merger agreement past its July 29 deadline. Watch Sprint trade live here. Sprint dropped as much as 3.

 

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