California Regulators a Potential Obstacle to T-Mobile, Sprint Merger

  • 📰 WSJ
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

California regulators could potentially scuttle the $26 billion merger between T-Mobile and Sprint

T-Mobile US Inc. and Sprint Corp. are waiting for a federal judge to rule on whether they can merge, but the companies face another hurdle even if they overcome that legal challenge: the California Public Utilities Commission.

The state utilities overseer is the only such body that hasn’t yet blessed the $26 billion deal, and its continuing review threatens to further delay—or even derail—a merger that has dragged on for nearly two years. The state body has until July to vote but might extend that timeline further.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Wouldn’t be the worst thing. That lovely free market competition people are always going on about when there’s like, 3 competitors

But I was really looking forward to migraine pink and shitty service!

Potentially, maybe, perhaps, might, could, want, AT&T number 1 in the State of California Verizon 2 T-Mobile a far 3rd and Sprint non existent. WTF is their problem.

That sucks

No more mergers. lack of competition to make costs reasonable for consumers and Lack of choice!

If T Mobile & Sprint are prevented from merging then we need another breakup of AT& T.

I am opposed to Sprint-T-Mobile Merger

T-Mobile and Sprint should leave the state of California. So that Att and Verizon can TRIPLE their rates. What a bunch of IDIOTS.

Yes, get rid of all 'too big to break down' business. They endanger the economic life our free enterprise and market.

California is a socialist state at this point

California has more important issues than the mobile industry. Homelessness, fires, and their utility companies to name a few. What a joke state.

The Softbank, parent of Sprint, seems to have security weakness.

Sprint will be sold eventually either in pieces or as a going concern. It does not make money and burns cash. It cannot survive without a better capitalized partner and more rational pricing.

Cell phone technology is unreliable, hackable and down right dangerous. There shouldn't be any merging, expanding, 5ging until they fix it.

The well placed bribe.

Why? 26 billion merge and you have multi hundred billion dollar at&t and verizon in the same sector. Genuinely confused why

Bad

Good

Good!

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines