REUTERS: The U.S. Justice Department has told T-Mobile US Inc and Sprint Corp it has concerns about their proposed US$26 billion merger in its current structure, sources familiar with the matter said on Tuesday, although no final decision has been made.
T-Mobile has defended the proposed merger, saying the combined company would be better and faster at building 5G, the next generation of wireless, to compete with industry leaders AT&T Inc and Verizon Communications Inc. T-Mobile US Chief Executive John Legere was in Washington on Tuesday and has meetings later this week at the FCC, two people briefed on the matter said.Legere said on Twitter it was"simply untrue," as had been reported, that Justice Department staff had told the companies the deal was unlikely to be approved in its current form. The Justice Department declined to comment.
A group of eight Democratic U.S. senators and independent Senator Bernie Sanders urged the Justice Department and FCC to reject the deal, saying monthly bills could rise as much as 10 percent.
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US Justice Department tells T-Mobile, Sprint it opposes merger: source[NEW YORK] The US Justice Department has told T-Mobile US Inc and Sprint Corp that it opposes their planned US$26 billion merger in its current form, a source familiar with the matter said on Tuesday, though a final decision has not been made. Read more at The Business Times.
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Justice Department tells T-Mobile, Sprint it has concerns about merger: sourcesThe U.S. Justice Department has told T-Mobile US Inc and Sprint Corp that it opposes their planned US$26 billion merger in its current form, a ...
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Singapore housing market ranked 2nd most expensive in the worldThe Singapore housing market maintains its second place, averaging US$874,372 (US$1,063 per sq ft), and Shanghai is third at US$872,555 (US$714 per sq ft).
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