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The DOJ reportedly pours cold water on Sprint and T-Mobile's merger

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A planned merger between two of the US's largest telecoms companies has run aground after DOJ concerns seemed to scuttle Sprint and T-Mobile's plans.

A planned merger between two of the largest telecom companies in the US has run into trouble after antitrust concerns seemed to scuttle Sprint and T-Mobile's plans.a report from The Wall Street Journal

suggested that Department of Justice antitrust officials had concerns about the current structure of the deal which could present a threat to market competition. T-Mobile shares were down 4.2% as of 7:10 a.m. ET. The all-stock deal between the US's third and fourth largest telecom companies by subscribers is under scrutiny for the perceived efficiencies the merged firm would have,

While the discussions aren't necessarily the death knell for a potential merger, its a sign that authorities are wary of the carrier's deal as they seek to break the dominance of massive rivals Verizon and AT&T.

 

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JohnLegere The Sprint to the finish line usually has its last-minute trap doors. In my work life, each failure motivates me to work that much harder for success. Having been with Sprint since 2002, I always root for the underdog....they have so much more to prove. TMobile

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