U.S. telecoms regulator stops clock on Sprint, T-Mobile merger review

WASHINGTON - The U.S. Federal Communications Commission said on Thursday it has halted the informal 180-day “shot clock” on the review of the merger of wireless providers Sprint Corp and T-Mobile US Inc to give the public three additional weeks to comment on the $26 billion tie-up.

The FCC said the decision was made after the third- and fourth-largest U.S. wireless carriers had filed significant additional information on their network integration plans for 2019-2021 and other new information on the merger. 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.

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.

Once,long ago a US phone system that ran efficiently, but people called out, NO,NO - Monopoly! Things changed,yet again,monopolies are forming but without challenge! Poor working class people like us, caught again,under trump (no help there) & giant Corporations! Congress,HELP?

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

House to hold hearing on Sprint, T-mobile proposed mergerU.S. House lawmakers plan to hold a March 12 hearing to review a proposed $26 bi... After the go-ahead for ATT- Time Warner, one can already imagine the result. They're just going to allow monopolization. With every passing day, the consumer has fewer choices. Less competition does lower cost, but not prices ! NO competition left in America.
Fuente: Reuters - 🏆 2. / 97 Leer más »

T-Mobile acknowledges its patronage of Trump’s Washington hotel increased sharply after announcement of merger with SprintExecutives with the telecom giant spent about $195,000 at the president’s hotel in 10 months, the company told members of Congress. Emoluments claus violation.
Fuente: washingtonpost - 🏆 95. / 72 Leer más »

T-Mobile spent $195,000 at Trump Hotel in D.C. since merger announcementThe company disclosed the expenses in a letter after Senator Elizabeth Warren and Representative Pramila Jayapal, both Democrats, sent letters to leaders of the Trump Organization and T-Mobile last month after reports that T-Mobile executives started regularly using the Trump hotel. After questions So, I guess he won’t be stopping That merger.
Fuente: YahooNews - 🏆 380. / 59 Leer más »